Several companies popped up on my screens today – opened two limit orders for Comcast Corp (CMCSA) and GSK PLC ADR (GSK) – both trading near their 52 week lows. Only the CMCSA trade closed at my limit order – here is the trade:
Sold: 10 Sept 23, 2022 Puts
Strike Price: $35.00
Premium Collected: $503.37
If I am forced to buy the 1000 shares, my entry price will be about $34.50 per share – over a 42.5% discount to CMCSAs Morningstar Fair Value of $60.00 per share – providing a comfortable Margin of Safety. Buying CMCSAs shares at that price should also push the dividend over 3.00% – which is low for my holdings, but I can live with it.
Leave a Reply