I love a stock like CMI, Cummins, Inc. I have recently written about two lots of CMI. I bought one lot in June at $105.60 and immediately sold a September $120 call that just expired. I added another lot in September at $118.84 and sold a December $130 call that is still working.
Today, I sold calls on the first lot. I chose a December $130 strike and received a $1.75 premium. The December expiration date is after the next expected ex-dividend date. The data are presented below.
CMI, good income investing.
Disclosure: Long CMI with laddered calls