Market Shadows added a New Position in Our Virtual Put Writing Portfolio
With Kohl’s (KSS) @ $52.64 we sold 3 contracts of the Kohl’s Jan. 2016, $50 puts @ $7.00 per share today.
Our ‘If Put’ price drops to just $43 ($50 strike price – $7 put premium).
If we hold this position until expiration we will either make $2,100 for not buying or end up owning 300 shares of a good-quality company near its four-year lows. Our KSS Jan. 2014, $45 put expired last Friday for a $700 profit.
You can see all Market Shadows’ completed and presently open option positions
