What Did You Buy Today?

[hendi_alex]

I'm interested in shares of O, but only at a yield over 5%. Sold one contract of Sept $45 puts today for $1.75. If put to me, the effective price will be about $43.50. With fed rate increases perhaps coming, the wisdom of this put sell is probably a toss up, as cheaper prices in the future are almost a certainty. Still, I'll be o.k. with an initial position at $43.50, and will likely add a few more shares if the price dips closer to $40. If not exercised, well the $168 net will provide 3.7% for the 4 month exposure. Yield at my effective cost of $43.50 equals 5.2%.