I had to make this trade today. I am way behind on covered call income and when you find a stock that has been in business for a long time and pays a solid dividend, your risk is immediately reduced. Someone thinks Lilly, symbol LLY, which I bought at $76.32 is going to improve to $82.50 by February 17, 2017. They are so sure, they paid me $3.94 for the option to buy. Plus, I should get the February dividend.
Here is the table:
Disclosure: Long LLY with calls