By Paul Price
I followed my own advice today.
This morning I sold two Deere (DE) Jan. 2014 $90 puts for $8.65 per share in my real-life portfolio.
I'll be happy to either simply keep the money for the puts or to buy 200 additional DE shares for net $81.35 each. (I collected $8.65 per share already and would buy 200 more shares for $90 if they're put to me in Jan. 2014.)
Deere is a component of our model portfolios. See the Virtual Value Portfolio and Virtual Put Selling Portfolio details here.
Disclosure: Long DE; short DE puts.