Sunday, August 02, 2015

TWTR -- Update #6 (Stock Assignment)

Jul 31

Analysis

The short 34 strike put sold earlier this week for a 2.29 credit was assigned on the expiration. I have now an additional 100 shares of stock purchased at an effective price of 34 - 2.29 = 31.71

My average cost for the shares are  (100 * 36.16 + 100 * 31.71) / 200 = 33.93

The hedged position as a whole is down about 372, but had the shares been purchased outright and without the benefit of the hedges or the sale of the put premium, the position would be down about 815.

Trades

+1/c Jul 31' 34 Put @ 0.00 (assignment of put closes out the position at 0.00)
+100/shrs TWTR at 34.00 (stock is sold at 34 share)

/END

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