The intent of this blog is to explain and exhibit the Deep-In-The-Money covered call strategy, with actual trading results and updates as they occur in the author's accounts. The strategy is the subject of the author's recent 2010 book published by Amazon entitled Zero (IN)Tolerance ($14.95), a must for those "FED" up with zero interest rate returns. It is also possible to obtain the updated eBook through all eReaders except Kindle -$8.95:https://www.smashwords.com/books/view/76362
Tuesday, June 18, 2013
BEAT ME TO IT
My Bad - I assumed Safeway (SWY) was going ex-D on the 21st, but did not check - it went on the 18th, so my positions in two accts. were called away before rolling out to Seps after its nice runup recently. Final tally: Bought 300 for $6819, 1Q dividend for $53, sold 21-strike calls for 778, called away the day before ex-D at $6291 (after comm.) - Net $ 303 after 4 months, or 13.33% annualized.
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