A diary of the thought process behind my investment decisions
Rolled Pfizer Puts
I was short the Pfizer April 17 puts and have shorted the May 17's. Pfizer continues to act horribly as investors look for anything with economic exposure at any price. Between the years 2010 and 2015 Pfizer is expected to earn $15. Now that's a margin of safety. I plan on continuing to sell puts every month and take delivery if necessary. I will be more aggressive and buy the stock outright when they start to buy back shares.