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Idea OF The Day: WDC Puts

Engineered Income Investing: Idea of the day:

Write the 226 day cash secured puts for WDC 10/16/20 $55.00 @ $6.82 premium for a 22.86% annualized yield rate on net covering cash of $48.18 (also your breakeven possible entry point). High Yield w/ low risk and downside market protection (current market is $59.12).

I am not a licensed securities dealer nor certified financial advisor. The views here are solely my own and should not be considered or used for investment advice. As always, individuals should determine the suitability for their own situation and perform their own due diligence before making any investment.

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