Small and large dividend stock and ETF investors can use covered calls and puts trades to generate monthly income from options premiums and options trading
@Brewmeister. Bought LYB $94.50. Solid LYB 12.15.23 $95 covered calls for $1.15. RoR 1.22%, ARoR 19.3%. Ex Dividend 11.24.25 $1.25. Net debit on options trade $93.42. Dividend yield on net debit is 5.352%. If the dividend is collected, the net debit would be $93.42-1.25 = $92.27. IRA trade.
Also bought SU for $32.50. Sold SU 12.22.23 $32 calls for $1.12. Ex Dividend 11.30.23 for $1.12 a share.
With NEM cost at $39 and the price at $37.41, I sold NEM 12.15.23 $36 puts for .56. MOS 3.936%. ARoR 23.714%.
With PFE at $30.30, I sold PFE 12.15.23 $29 puts at $0.30. 15.71% ARoR on 23-day trade.
Thanks as always Donald! I did B/W's on AMZN last month and did well with it...today I bought LYB and sold DEC 100 calls on it. It goes x-div this Friday for $1.22. Will see. Have a great Thanksgiving!
@Brewmeister. Bought LYB $94.50. Solid LYB 12.15.23 $95 covered calls for $1.15. RoR 1.22%, ARoR 19.3%. Ex Dividend 11.24.25 $1.25. Net debit on options trade $93.42. Dividend yield on net debit is 5.352%. If the dividend is collected, the net debit would be $93.42-1.25 = $92.27. IRA trade.
Also bought SU for $32.50. Sold SU 12.22.23 $32 calls for $1.12. Ex Dividend 11.30.23 for $1.12 a share.
With NEM cost at $39 and the price at $37.41, I sold NEM 12.15.23 $36 puts for .56. MOS 3.936%. ARoR 23.714%.
With PFE at $30.30, I sold PFE 12.15.23 $29 puts at $0.30. 15.71% ARoR on 23-day trade.
Thanks as always Donald! I did B/W's on AMZN last month and did well with it...today I bought LYB and sold DEC 100 calls on it. It goes x-div this Friday for $1.22. Will see. Have a great Thanksgiving!
Brewmeister
@Brewmeister Thanks for reading and commenting as always. I am going to look at LYB. If you are in it, I'm interested.
We have a lot to be thankful about even in this messed up world. Happy holidays.