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Anyone tried this recommendation? When do we liquidate?

Western Union (NYSE: WU): Write puts for income or to potentially buy shares cheaper. For those lacking a position, "sell to open" May 2013 $13 puts (one put for every $1,300 in stock you could buy), lately for about an $0.80 credit (or $80 per put). That's a 6.1% yield in less than five months.
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