7/23/2022 Plan:
This week we look at Crown Castle International (Ticker: CCI)
7/23/2022 Plan (continued):
- CCI- Sell the Aug 19 160/155 put spread for 0.45
- Prices are as of market close 7/22/2022, actual fill and strikes may differ depending on Monday’s open, post will be updated accordingly.
- All trades are for educational purposes and do not constitute advice
7/23/2022 Commentary:
CCI operates and leases communication infrastructure – think cell towers. They have been increasing recenue and earings and dividends consistenly for 5 years. Full disclosure – I own some shares. I would probably take assignemnt if CCI ends between 160 and 155 with this trade.
Earnings were just announced, so won’t be an impact for the next 4 weeks. The name does move quote a bit, but has slowed down recently.
Feel free to Reach out with questions on this or anything else!
7/25/2022 Entry:
Sold CCI Aug 19 160/155 put spreads for 0.51. One can likely get 0.52+
7/31/2022 Update:
The CCI put spreads are now worth 0.20. This means we have $31 of profit per put spread sold. I’ll be holding for at least another week in an attempt to capture more profit.
8/6/2022 Update:
The CCI put spreads are now nearly worthless. I may try to take them off for 0.05 or so. This should be another nice win!
8/14/2022 Update:
The CCI put spreads should expire worthless this week, if you haven’t already taken them off.
8/22/2022 Close:
The CCI put spreads expired worthless on Friday. For each put spread sold, we pulled in $51 of profit. This trade went our way early with a huge move up on the 28th. That put us in a great position early and this was a low stress trade throughout.
