12-13-2013, 11:24 AM
I added some T this morning and immediately sold April $34 calls for 94 cents. That represents about 2x dividends for the period, effectively doubling the yield to around 10%. If called, the small c.g. will pay for all trading costs plus will boost the cash flow generated by a touch more. I'm not interested in T as a long term position, so this covered call play is taking place in my more active account.
Alex