Monday, November 21, 2016

More money on LLY calls

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:

M* MoneyMadam

Disclosure:  Long LLY with calls