I own 100 shares of FPI @ 13.38 per share. I am over bag holding and want to get rid of these shares. FPI is currently trading at 9.72.
If I sell the shares straight up it is a $972-1338 = -$366 loss.
Currently I can sell a put against my 100 shares for $14.50.
$1450 – 1338 = $112 gain.
Should I sell a deep ITM put against my shares with the assumption I am getting assigned? I want to get rid of them anyways.
Is my logic flawed?
Thanks.
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