I started selling put options against Nucor Stock in 2010. This company has a terrific management team which helped steer it successfully through the credit crisis. At the height of the crisis and the depths of the bear market Nucor Stock was trading around $25 to $26. Management held the dividend and kept the annual increase. They did a wonderful job.
Several times last year the stock was overvalued and I pulled back from doing Put Selling. I bought puts only once last year but sold naked puts often. My last trade ended on Friday when I sold the $47 naked puts which expired.
Nucor stock trades on New York under the symbol NUE. It has one of the longer annual increasing dividend track records.
This article examines the trade I did today, the outlook, how it stays with my 9 tips for profiting in 2015 strategy article and a number of trade ideas I am also considering.
The rest of this article is for USA Members.
Nucor Stock Trade Alert and Trade Ideas for Jan 12 2015
FullyInformed USA Members can read the latest Nucor Stock trade alert and trade ideas article directly through this link or they can sign in to the full USA members site here. Non-members can join here.
Nucor Stock Internal Links
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