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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (5203)6/30/2013 2:02:11 AM
From: Hepps   of 5205
 
Buying RDS/A around $63. that gives me a 5.7% Dividend, and I'm planning to write the call once I see $65. Worst case I make %.90 every quarter. Should be a fairly safe Covered Call.

Had my MET 44s called, and all of my FB24s. I bought more than half at 22.90 and wrote the $24 a few weeks out for around 6% return. Good money to be made on FB, but I don't see it as safe as RDS/A. Considering SLB for a buy write; good money there as well.

Good luck to all

Hepps
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