02-19-2014, 11:53 AM
KO is looking like a decent, low risk covered call play to me. Buy at $37.30 and sell August calls for $1.10. Shares should kick out at least 84 cents in dividends before expiration. Plus skim about 70 cents in capital gains if called. Gross about 7% if called in August. Juice the annual yield to over 5% if not called.
Alex