Monday, April 26, 2010

Equity put option written #2

This morning I wrote a second equity put option.

Details are as follows:

Underlying: China Construction Bank (939)
Strike price: $6.37
Market price: $6.42
Annualised premium: 19.95%
Term: 1 month
Effective purchase price if hit: $6.27

CCB is a company that I would be happy to buy for the long term and have come close to buying several times already - and would have done well had I done so.

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