Nucor Stock (NUE) Trades For 2012

Nucor Stock has been in my portfolio since 2010. Nucor specializes in the sale of steel and related products in North America. Unlike other steel producers, Nucor has not cut its dividend but increased it for 38 years in a row. The credit crisis of 2008 to 2009 pummeled a lot of stocks and in particular basic stocks that are the backbone of infrastructure like Nucor Stock. Nucor Stock traded as high as $83.56 on May 19 2008, before it plunged to $25.25 by November 20 2008. This collapse of 69.7% in value has been followed by a recovery of about half of what was lost. At $26 I found Nucor Stock incredibly attractive and I have been Put Selling Nucor Stock ever since.

Nucor Stock Collapse In 2008

The 2008 weekly chart of Nucor Stock below shows the collapse of this stock during the credit crisis. The loss of 69.7% of its value shocked many investors and the question of whether the dividend would be cut was raised many times. Nucor however did not cut the dividend and instead chose to raise it to continue the history of annual increases which now stretches back 38 years.

Nucor Stock 2008

The collapse of Nucor Stock in 2008

Nucor Stock (NUE Stock) Investment Strategy

The investment strategy for Nucor Stock (Nue Stock) is Put Selling at what I believe is fair value and if assigned shares, collect the dividend while selling covered calls to be exercised out of the stock. I have no interest in owning the stock and once this stock recovers back to above $50.00 I will no longer be Put Selling Nucor Stock.

Nucor Stock (NUE Stock) Trades For 2012 – Year 3

Nucor Stock (NUE Stock) TRADE STATS:
Capital Currently In Use:
$19013.25
Income Earned in 2012: $9492.25
Total Income Earned Since Trade Started In 2010: $21127.25
Total Of My Own Capital Required If All Naked Puts Were Assigned: $0
Number Of Shares If All Naked Puts Were Assigned: 500
Share Price Valuation(Total Capital Required/Number of shares): $0

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Date Stock At
Time Of
Trade
Action Taken (All Figures Are US Dollars)
ACTIVE TRADES ARE HIGHLIGHTED
Comm. Shares
Held
Capital
In Use
Gain/Loss Total
Income
Sep 2 2011
34.07 Sell To Open (STO) Nucor Stock 5 Naked Puts 21JAN12 $35 @ 4.30 (status: expired)
13.25 17513.25 2136.75
Nov 25 2011
35.40 Sell To Open (STO) Nucor Stock 10 Naked Puts 21JAN12 $33.00 put strike for $1.01 (Status: expired)
19.50 33019.50 990.50 11635.00
The above are the remaining two trades from 2011. You can review Nucor Stock 2012 Trades through this link. Total capital earned in 2011 = $4854.00 / $50532.75 capital in use = 9.6% return

All Nucor Stock Trades Below Are in 2012
Commission $1.25 per contract + $7.00
Jan 6 40.42 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 18FEB12 $39 Strike for $1.15 (status: expired)
13.25 19513.25 561.75 12196.75
Jan 20 42.87 January Options Expiry 5 Naked Puts at $35 and 10 naked puts at $33 expired
12196.75
Feb 14 43.00 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 17MAR12 $40 Strike for $.68 (status: expired) 13.25 20013.25 326.75 12523.50
Feb 17 43.91 Feb Options Expiry 5 naked puts at $39 expired
Mar 7 41.25 Bought 500 shares at $41.25 7.00 500 (20632.00)
Mar 7 41.25 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 21APR12 $39 Strike for $1.05 (status: expired) 13.25 19513.25 511.75 13035.25
Mar 16 44.23 March options expiry: 5 Naked Puts at $40 expired
Mar 19 44.90 Sold 500 shares at $44.90 7.00 0 22443.00 1811.00 14846.25
Apr 20 39.67 April Options Expiry: 5 naked puts $39 expired
May 15 35.25 Bought 500 shares at $35.25 7.00 500 (17632.00)
May 15 35.25 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 16JUN12 $35 Strike for $1.54 (status: expired) 13.25 17513.25 756.75 15603.00
Jun 8 37.00 Sold 500 shares at $37.00 7.00 0 18493.00 861.00 16464.00
Jun 13 35.25 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 21JUL12 $35 Strike for $1.45 (status: expired) 13.25 17513.25 711.75 17175.75
Jun 15 37.61 June Options Expiry: 5 Naked Puts $35 expired
Jun 25 35.80 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 18AUG12 $35 Strike for $1.15 (status: expired) 13.25 17513.25 561.75 17737.50
Jul 20 37.96 July Options Expiry: 5 Naked puts $35 expired
Jul 26 36.90 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 22SEP12 $35 Strike for $.97 (status: expired) 13.25 17513.25 471.75 18209.25
Aug 17 39.97 Aug Options Expiry: 5 $35 naked puts expired
Sep 4 37.25 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 17NOV12 $35 Strike for $.90 (status: expired) 13.25 17513.25 436.75 18646.00
Sep 21 39.49 Sep Options Expiry 5 Naked Puts $35 expired
Sep 28 38.10 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 22Dec12 $35 Strike for $1.10 (status: expired) 13.25 17513.25 536.75 19182.75
Nov 2 40.75 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 22DEC12 $38 Strike for $.72 (status: expired) 13.25 19013.25 346.75 19529.50
Nov 16 39.43 Nov Options Expiry: 5 naked puts $35 expired
Nov 19 40.25 Bought 500 shares at $40.25 7.00 (20132.00)
Dec 7 40.40 Sell To Open (STO) Put Selling 5 Nucor Stock Naked Puts 19JAN13 $38 Strike for $.85 (status: expired)  13.25 19013.25 411.75 19941.25
Dec 17 42.65 Sold 500 shares at $42.65
Comments: Read this article to understand this trade.
7.00 21318.00 1186.00 21127.25
Dec 21 43.52 Dec Options Expiry: 5 naked puts Dec 35 and 5 naked puts Dec 38 expired

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