Today’s Trade: RPRX

Sold an in-the-money put option today on a stock I wouldn’t mind owning should it get “put” to me:

Royalty Pharma (RPRX) was recommended by one of the dividend newsletters I subscribe to. Rated “3 Green” by Seeking Alpha and currently nearing its 52-week low. Just raised its dividend in March. RPRX dividend yield 3.13%.

Sold 1 June 27.50 put @ $1.30 ($130), resulting in a 59.50% annualized yield 

 

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