After reviewing the remaining option premium for this naked put which is part of the NPIP, the decision has been made to close the position. Generally, I will close positions in this portfolio when the annualized return has fallen under 2%. The final profit/loss info is below:
12/28/2010 -- Sold To Open 1 INTC July 2011 $17.50 Put @ 0.4374
5/3/2011 -- Bought To Close 1 INTC July 2011 $17.50 Put @ 0.0498
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Final Profit: 2.28%
Original Projected Annualized Profit: 4.72%
Final Annualized Profit: 6.60%
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