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“BathWater” Trade in GE (Put Sales)

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Update – 10/27/17

That did not take long… the spread value now sitting at 0.43, so time to enter second round.

Update – December 18th, 2017

Long stock assigned after December options expiration. The plan now is to collect the dividend and convert the long stock into a covered strangle.

Update – February 27th, 2018

Stock assigned, basis 17.80.

0.12 dividend, basis down to 17.68. Current stock price 14.69. Waiting for next spike to sell calls into.

Update – June 23rd, 2018

Still taking heat. 0.12 dividend, basis down to 17.56. Still waiting for a proper spike to sell calls int. Big resistance is 15.3, above that and we should see a good move. Just got removed from the Dow.

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