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.
10.11.23. Bought WBA for $22.73. With WBA at $22.70, I sold WBA 10.27.23 $24 covered calls for $0.46 per share. Delta .32, OTM 72.1% and IV 51%.
WBA has a new CEO. The point & figure chart shows a bullish breakout and a $27.42 price objective. It is a 4* stock on Morningstar.com where the FVE is $36. On Barchart.com, WBA has an 88% sell rating. Analysts rate WBA a hold, or 3.07 out of a possible 5. Analysts' high target price is $45, the mean target is $30.92 and the low is $22.
If WBA moves higher, I may sell puts on it. The 8.5% dividend yield is very attractive for investors looking for immediate income streams rather than dividend growth and capital gains.
10.11.23. Bought WBA for $22.73. With WBA at $22.70, I sold WBA 10.27.23 $24 covered calls for $0.46 per share. Delta .32, OTM 72.1% and IV 51%.
WBA has a new CEO. The point & figure chart shows a bullish breakout and a $27.42 price objective. It is a 4* stock on Morningstar.com where the FVE is $36. On Barchart.com, WBA has an 88% sell rating. Analysts rate WBA a hold, or 3.07 out of a possible 5. Analysts' high target price is $45, the mean target is $30.92 and the low is $22.
If WBA moves higher, I may sell puts on it. The 8.5% dividend yield is very attractive for investors looking for immediate income streams rather than dividend growth and capital gains.