Writing a Put Option to BUY Shares That You Want To Own
	Share description
	Share Symbol
	Current Share price
	Share Commission
	Option Commission
	Federal Ordinary Income Tax rate
	State and Local Income tax Rates
Writing a Put Option to BUY shares
					Option Sale Proceeds
	Put Description				Premium	Taxes	Realized
	Put Symbol
	Premium on Put
	Strike Price of Put				Share Purchase Costs
	Out of the money				At Market	On Exercise	Discount
	This assumes that the investor wants to own the shares for the long term and the fact that the price may decline to
	reach the lower purchase price is viewed as short term, and actually a good thing because it allows
	the investor to buy at a lower price than the market price that existed when the decision to buy was made.
	Such a plan is associated with portfolio rebalancing of indexes in which poorly performing shares
	are bought with the proceeds of over-performing ones with the expectation that the market will turn around at some point.
	For these sorts of investors, this strategy has the risk that the market may turn before the option strike price is reached.
	A market order to buy would be better if such a risk is deemed significant.
	This strategy is known as selling a "Naked" put and is risky because the share price may fall considerably further than the amount by
	which the option is out of the money, which is the price you are required to pay. This risk is acceptable to investors who have
	made the decision to own the shares for the long term and who view downturns as temporary.
	The risk of the strategy shown here is NOT acceptable for investors who are not prepared to accept the possibility of a price decline.