01-28-2015, 11:47 AM
I love T for a covered call play though am in the red on my current 600 shares. Value is down by $929, partially offset by $756 in call income from sell of June $35 calls. I had hoped that the favorable CC would have buoyed the price a little more. Hopefully gets closer to my $35 strike before June. Am up when counting the many dividends that have hit from these shares. My aim is for the call income to more than offset any price depreciation, leaving the dividend as real gains. Probably will keep this play going for a long time, as long as the dividend remains secure and the price doesn't run too much.
Alex