PSX – Phillips 66 a spin off of
2011 Dividend Machine Conoco Phillips, symbol COP, is in play as are all the refiners. High gas prices do reward refiners.
PSX call option at $70.00 expired
this weekend. Consider selling another
call. Details are provided in the table
below.
Phillips 66 PSX
|
Aug. $75
|
Strike Price
|
$75.00
|
Cost Basis
|
$66.00
|
Call Premium
|
$1.33
|
Dividend*
|
$0.31
|
Gain in $ if assigned
|
$10.33
|
Call Yield
|
1.77%
|
Gain Yield
|
13.77%
|
Total Gain Yield
|
14.19%
|
*Expected to pay in July
|
TheMoneyMadam
