Trade Adjustment January 19th – US Steel Cash Secured Put Sale December 21st

Trade Adjustment for December 21st CASH SECURED PUT SALE

STRATEGY: Sell cash secured put, get shares, create covered call, REPEAT…

Adjustment NEW ALERT : SELL US Steel February $7 Calls at $0.75 for each 100 long shares to lower cost basis to $5.80 .

X shares were assigned at $6.55 from the January option sale to buy stock at a discount.   An upturn in the stock presents the opportunity to sell a covered call to again lower cost basis.

20% return if stock at $7 or above and called out at expiration February 19th.