Jan. 29 at 1:37 PM
Yesterday, the Feb 20
$95 $ANF Puts closed at
$3.55. If you got that price if you sold them today, then you'd make
$355.00 per contract (3.74%) in about 3 weeks (
$355.00/
$9,500.00 = 3.74%). The buyer of the Put would only Put their shares to you if the price was at
$91.45 or lower (
$95.00 -
$3.55 =
$91.45).
$91.45 is a smidge above the 61.8% Fibonacci line on the chart below. If you are Put the shares, you can then sell Covered Calls against those shares to make more income, until the shares are Called away, in which case you'd make more income with Capital Gains.
