As my poor brother lies in a hospital with a hip replacement I decided to buy him a get-well present:
Shares of CTL, 37+, with a 8% dividend, going ex-d this Friday, the 2nd. Calls sold ranged from the April 35-strike to the 28-, for between a 9.35% and 14.5% "annualized" returns, depending on one's risk/reward predilection. 28 seems pretty safe. This presupposes receiving the March 2 dividend as well, at $.725.
B-rated by Schwab; 3-star by S&P.
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