Wednesday, August 17, 2016

MSFT Call Exercised Early

Our MSFT August$55 call was exercised yesterday,  This is a savvy call buyer.  Took the stock early to reap both the capital gain (MSFT is $57.50) and the dividend (MSFT ex-dividend 8/17.)  Well done.  We all win as our basis is $50.40 and we received two $.36 dividends  per share plus two calls worth a total of $2.10 per share.  Our total return of $626 is a 12.42% in 6 months.  Do that on every stock and you are one happy income investor. M* Disclosure still long MSFT personally.