Call premium is $.38 for a $23 strike price. Combine it all together and if you stock is taken, your gain is over 17%. If your shares are not taken and POT survives, your income over these next 58 days is 3.5%.
See the table below.
TheMoneyMadam
Wednesday, November 18, 2015
POT Income on weakness
Hard to believe I am doing this again with POT, Potash. The calls are compelling when you add in the dividend. Selling a January 15, 2016 call. This call is out far enough that I should receive the dividend and the call premium.
Call premium is $.38 for a $23 strike price. Combine it all together and if you stock is taken, your gain is over 17%. If your shares are not taken and POT survives, your income over these next 58 days is 3.5%.
See the table below.
TheMoneyMadam
Call premium is $.38 for a $23 strike price. Combine it all together and if you stock is taken, your gain is over 17%. If your shares are not taken and POT survives, your income over these next 58 days is 3.5%.
See the table below.
TheMoneyMadam
