一个contract是100股,假设你卖100contract,10put, 0.5premium, you can collect 0.5*100*100=5000$ as long as HIG does not go below 10. If HIG goes to $5 by then, then the put will worth $5, in that case you lose 5*100*100=50000 - 5000 =45000. It depends on the likelihood whether HIG will fall below $10.
maybe in your case you can sell call (because you have the stock). For example, if you sell Jan. 2013 call, at strike 25, you can collect about $1 per share. If you sell 102 such contracts, you can collect $10200. If HIG stays below 25, you can keep $10200 plus the gain or loss on your stock. In that case, after call expiration, you can sell calls again. If HIG goes above 25, your stocks will be called by the other party. That means, you are selling your stocks at 25+1(the premium you collected when selling the call)=$26 per share. Of course, you don't need to wait until the expiration of call, you can always choose to buy back the calls at any time from the market.
collect lose
【在 x***u 的大作中提到】 : 一个contract是100股,假设你卖100contract,10put, 0.5premium, you can collect : 0.5*100*100=5000$ as long as HIG does not go below 10. : If HIG goes to $5 by then, then the put will worth $5, in that case you lose : 5*100*100=50000 - 5000 =45000. : It depends on the likelihood whether HIG will fall below $10.
x*u
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from the table you showed, you can collect at least $0.5 per share if you sell the put using the bid. You can also try to place your order using the ask $0.99. (but people may not buy it, and you need to wait). Yes, you can 白捡 as long as it does not fall below $10. (The probability may be very small, that's why the premium is not high).