
I bought QCOM for $54.90 today and wrote an October, $60 call for $1.25 per share. If they take my QCOM, my gain is 11.75%. If not I get to keep a very good company and maybe write more calls for more income.
Although QCOM is not technically a dividend machine as it does not yield three percent or greater. However, it has income potential with mitigated risk. This is the kind of trade income investors need to use for additional income.
Very Truly Yours,
TheMoneyMadam