Sell $80 caljs dated July 2017 for 3.20.
Collect 2 dividends. 1.20
5.7% return for 8 months if TGT is <$80 at expiration. Then do it again.
If TGT is >$80, it's called away with an additional 3.25 profit for a total return of 10% in 8 months.
Then redeploy somewhere else.
Collect 2 dividends. 1.20
5.7% return for 8 months if TGT is <$80 at expiration. Then do it again.
If TGT is >$80, it's called away with an additional 3.25 profit for a total return of 10% in 8 months.
Then redeploy somewhere else.