Covered
Call Income on Dividend Machines October 2012
Listed
below are the covered calls I currently have working on 2011 and 2012 dividend
machines. I think more posts on this
area of income investing will be useful and I will start today.
Conservative income
investors should learn to use covered calls for additional income. When you own
dividend machines you are, by definition a conservative investor. When you employ covered calls to boost
income on those very companies, you are a savvy investor.
This weekend October
2012 options expired. The options you
sold with an expiration date of 10/20/2012 were either exercised which means
the buyer of the option actually did buy your stock or the option expired which
means you still own the stock.
If the option buyer
exercised the option and bought your stock at the strike price, I certainly
hope you made a reasonable profit. If
the option expired, you still own the stock and will continue to receive ever
increasing dividends and you may have an opportunity to sell another call on
your shares. I like all those
possibilities.
Here is a list of the
covered calls I have working on dividend machines. If you want to know about the company as a
dividend machine, I have added a link to the original post(s.)
MSFT - Dec 2012 strike $32 Posted
10/2012
ABT – Nov 2012 strike $67.50 Posted
12/2010 Posted
3/21012
CVX – Dec 2012 strike $115 Posted
6/2012
CVX – Dec 2012 strike $120
DBD – Feb 2013 strike $35 Posted
10/2012
COP – Nov 2012 strike $60 Posted
5/2011
MCHP – Jan 2013 strike $36 Posted
11/2010 Posted
2/2012
Very Truly Yours,
TheMoneyMadam
