GIS

[oldnemesis]

http://finance.yahoo.com/news/general-mills-gis-beats-q1-150703104.html

http://www.msn.com/en-us/money/topstories/general-mills-sales-down-expectations-firm-gis/ar-BBwsfFi

http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.GIS.NYS

http://stockcharts.com/h-sc/ui?s=gis

GIS pays 2.9% dividend

Trade:
With GIS at 65.26
Apr '17 50/45 bull put spread for a net credit of $35
Yield = 35/465 = 7.5% in 153 days = 18% annualized
Prob = 93%
Expectation = .93(35) - .02(465) - .05(233) = 32.55 - 9.3 - 11.65 = 11.60

Price...... Profit / Loss...... ROM %
35.00......... (465.00).......... -92.50%
40.00......... (465.00).......... -92.50%
45.00......... (465.00).......... -92.60%
49.65.............. 0.00.............. 0.00%
50.00............ 35.00.............. 7.50%
55.00............ 35.00.............. 7.50%
60.00............ 35.00.............. 7.50%
70.00............ 35.00.............. 7.50%
80.00............ 35.00.............. 7.60%