Tuesday, November 15, 2016

CSCO call completes the 2016 expectation

In September I added CSCO to the 2016 Dividend Portfolio at a basis of $31.40.  I added 200 shares with the intent to sell a call on one half of the position.   I have been waiting patiently and today I sold a February $34 call for a premium of $.42.  The expiration date is well after the next expected ex-dividend date of 1/2/2017 and therefore, we should bank both the premium and the dividend.  See the table below.

M* MoneyMadam
Disclosure:  Long CSCO with calls

2016 Portfolio