02-18-2014, 11:33 AM
Added 200 shares of T on today's dip. On the following bounce immediately sold October $33 calls for $1.32 (3.9% net). Over the period $1.35 (4%) in dividends should hit the pot. I think that the dividend yield will hold the price at least reasonably stable for the period. Gives a great chance for better than 10% annualized cash flow.
Alex