11-10-2014, 01:10 PM
Doubled my DB position at $29.89 and immediately sold $30 April calls for $2.20 or a little over 7%. The bank pays its annual dividend in May, so I figure that if the shares don't get called, I'll be able to sell a fresh batch plus will have a good chance to collect the dividend. If they are called, well netting over 7% for under six months exposure is enough to make me quite happy. My first shares of DB were bought on 10/20 for $30.90 and had April $32 calls sold for $2.05. Would really love for those shares to get called!
Alex