12-22-2013, 12:04 PM
Hello. I would like to know if anyone is doing Covered Calls that expire a year out. There's lots of discussions regarding Calls expering 2-3 months out, and mini options also. But I am intrigued on selling a covered call that expires on Jan 15. The income stream is immediate and the yield of the covered call + the dividend makes it very attractive. In addition, you have one year to not worry about whats going to happend. Possible boring stocks are: XOM, PG, PFE, JNJ, MCD. Do we care if the stock is called?
Thank you in advance for your input and opinions.
Thank you in advance for your input and opinions.