Our Final Option Expires
We wanted to send you a quick note letting you know that our final Legacy Income Trader position expired last Friday.
We recommended you sell Ford April $14 puts back on January 14. You should have collected around $42 per contract. Based on the $1,400 that you had to keep in your account, that’s 3% in just 93 days. That works out to an annualized gain of 11.7%.
Shares closed last Friday at $15.76. Since that was above the strike price, no contracts were executed. This means you’ve locked in that money without doing anything else.
We’ve had five winners out of the six companies that we’ve recommended. We locked in a quick 3% on well-known companies like AbbVie, BP, RR Donnelly and Ford. All in less than six months.
As we announced in February, this marks the end of Legacy Income Trader. We thank you again for taking the time to test-drive this service.
We’re grateful for your participation.