Adding through Options again…I'm currently inline to add anouther 200 shares through options on Aug 16th.
I missed the lows of the days while working, but I sold 2 $165 puts for $10.15 premium, so if the price stays below $165 at close of Aug 16th, I get the shares at a real cost of $155.32 after fees, not a bad little add. I could have gone with a $160 call and maybe had a better premium to cost and got a lower real cost by 50+ cents, but I went with a safer choice. If the price spikes the next 2 weeks and I miss out, well I collected $2015.51 already for my couple weeks of time.
I don't have much dry powder left, but I may try and add again with tighter puts if we stay sub $165 for too long, optimally for my portfolio like to hold 400 shares at least, or if I got super excited 600... Currently at 100, hopefully 300 Aug 16th.
The Quarterly numbers and outlook was rough giving us our fall, but it seems like we fell too far, but good job on those picking up. In the new year we will get anouther dividend raise, although with the current out look it looks to be on the lower range 5-10% (we only did 7% last year, so it's safe to bet below that this year) and we would likely trade an a fair value range of 175-195 with periods on either side, I'd expect us to be back in the 170s before that announcement.