Option Sell Put: CMCSA

It is not very often that I transact stock options. I have sold a handful of options in the last years only and am still quite a beginner. But once in a while, when I don’t mind potentially owning the stock if I were to be assigned a contract of it (100 shares), I don’t mind selling put options.

I sold a put option on Comcast at the $30 strike price expiring on Jul 20. For the sell, I received $51.52 (option premium minus the transaction fee).

  • If the stock ends up above $30 by expiration time, I will get to keep the money received and can move on with no more obligation on this transaction.
  • If under $30, I may be assigned to buy 100 shares of CMCSA. The price paid would then be per share: (100 x $30 + $3.95 [fee] – $51.52) / 100 ~= $29.52 / share . The stock currently trades above the $32 level. If shares I assigned to me – I don’t mind too much: payout ratio is super low which makes the dividend I would receive pretty safe while keeping the stock – selling an option call on it is also an possibility.

The transaction:

 05/24/18   Sold Short   1 CMCSA Jul 20 ’18 $30 Put(CMCSA) @ $0.56 51.52

 

1 thought on “Option Sell Put: CMCSA

  1. Hi S2FI. I think you are looking good for this put to expire and for you to realize the premium.
    Of course, any news regarding their bid for Fox assets or Sky could make the stock price move.
    Turns out I also have a CMCSA put with the same expiration date, but mine is at a strike price of $32.

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