We pocketed premium of $1.60 when  we sold PCG Sep 45 put options  a week ago. Yesterday, the option expired worthless giving us annualized profit of  5200%. Interestingly, we were going long PG&E stock when all Wall Street analysts, without exception, were downgrading the stock.

We will  scale in a new long position or short put position if PCG dips below $43.50.

FREE: SUBSCRIBE TO ‘GENERATE WEALTH’ NEWSLETTER