Recent Transaction

This morning I set a limit order to buy to close my put option on Archer-Daniels Midland (ADM).  I was able to purchase the put option back for $0.33 or $33.  I originally sold the put option in September at the $26 strike price and received after commissions $81.01 in option premium.  After buying to close the option I received a total of $40.03 on the trade for a return of 1.54%.  This is equal to a 7.50% annualized return.
The main reason that I closed the position is that I feel there's much better options available in this market with the recent pullback.  I'm a little worried about the dividend growth for ADM being depressed for the next few years and so I didn't want to lock in another 100 shares.  By closing the position that frees up the $2,600 that was being held to back the put option in case it was exercised.    Since I recently transferred some more capital to my FI portfolio I'm sitting on a good chunk of cash to be able to make at least 4 purchases and possibly more depending on how I want to put the money to work.

I've updated my Option Summary page to reflect this change.