I closed my Starbucks November put spread this morning, and later this afternoon entered 2 new positions. One on Disney, and one of Hershey.
Here's the screen-cap:
Opened NEW positions of:
Hershey: May 2015 $85/80 Bull put spread $0.70 credit per share ($70 per contract)
Disney: April 2015 $82.50/80 Bull put spread $0.55 credit per share ($55 per contract)
I CLOSED the following:
5 contracts of Starbucks (SBUX) NOV $70/65 bull put spread
Position open: August 19
Position closed: Nov 4
Position open: 77 days
Maximum Premium : $177.71
Maximum loss: $2322.29
Closed @ 77% capture ($142.71)
Representing an annualized yield of 29%
In hindsight, this trade wasn't worth the risk as my risk/reward was more than I typically want. But really though, it did make money and a 29% annualized yield is nothing to sneeze at.
Stay hungry my friends!