Prices as of 2:49 PM ET, Sep 17. Check the live quote before you send an order.
The put
Skip
Skip the put. The money looks good, but COR swings more than it pays. Want COR? Buy shares.
If it goes against you: you buy 100 shares at $290, which after the $208 you keep works out to $287.92 a share. Below $287.92 you are down on the trade. From that day the shares take above is the one that applies.
The order, if you sell it anyway
You get$208 (limit about $2.08)
If it fallsBuy 100 shares at $290
Cash to hold$29,000
Close earlyBuy back at about $1.04 ($104)
Chance you buy the sharesabout 16 in 100
ContractCOR Oct 16 $290 put
ActionSell to open
In your broker app: open the stock → Trade → Options → Sell to open → pick the contract shown here.
Why skip
The put: Oct 16, $290 strike, 29 days out. Pays $208. Roughly a 16-in-100 chance you end up buying the shares.
On paper: 9% a year. That number assumes COR keeps moving like it did the past two years. Take that away and it is -6% a year. That is why we say skip.
Next earnings Nov 4, after this put ends. We never sell a put across a report.
If you already own 100 shares
Income call
For income on COR you already hold: sell the Oct 16 $340 call and take $108 now. If COR climbs to $340 by Oct 16, your 100 shares are sold at $340, so only do it if you're happy selling there.
If it climbs past $340 your 100 shares are sold at $340 and you keep the $108. That is the trade working, not a loss.