Baseball season hasn't even started but I've already hit a Foul Ball and a possible Home Run:
Novartis -NVS- was bought for its annual dividend capture on Feb.16 (ex-D on 2/24), but was called away before the div'd! I still got the option premium of 3 months, which covered transaction costs plus $32 net (3.4% annualized), but I should have got more call premium, more time. Still testing the annual dividend concept!
LO -Lorillard Tobacco has the best of both worlds - high call premium and a great dividend - it went ex-D last week (please remember that this blog is for educational purposes, not touting get-rich-quick plays). LO immediately started dropping, but is still above my sold call level.
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