Discover more from Covered Calls with Reinis Fischer
Sold 1 Put Option on AMS:INGA - 1.84% potential income gain in 14 days
On July 1, 2022, I sold 1 put option on ING Groep AMS: ING with a strike price of EUR 9.34 and expiry on July 15, 2022. Credit received EUR 18 ( before commissions)
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services
This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
here is the trade setup:
SLD 1 INGA AEB (ING) Jul15'22 9.34 PUT @FTA 0.18 EUR
For this trade, I got a premium of EUR 17.21 (after commissions) or 1.84% potential income return in 14 days (if options expire worthlessly)
What happens next?
On the expiry date, July 15, 2022, AMS: ING is trading above EUR 9.34 per share - options expire worthlessly and I keep premium and start over - if ING trades below EUR 9.34 on the expiry date, I will get assigned 100 shares.
Break-even price: EUR 9.34-EUR 0.17= EUR 9.17
In case of an assignment, I will turn this trade into a covered call
Running Total 22 Trades since April 4, 2022
Options income: EUR 173