M* Money Madam : Whirlpool, WHR, Risk losing it to a call buyer

While I like the greater than 3.5% dividend yield, I am not so in love with this stock that I just can't lose it. I always tell my readers, if you love a stock, especially one that feeds you with a healthy dividend, don't sell calls on it. You risk having your income called away with the underlying stock.

Whirlpool is not in that category. Frankly, with the calls I have written (sold) on this stock my income runs about 6% per year.

http://www.themoneymadam.com/2019/03/whr-big-call-income.html
http://www.themoneymadam.com/2018/10/a-bit-oversold-on-whr.html

But, I have suffered through massive stock price changes. It has been a bumpy ride. Moreover, if you look at the previous calls, you can see the strike price today is lower than in previous calls. I really prefer to ladder up instead of down. But, I am still above my basis on this lot so I am actually hoping WHR is called away.

The table below shows why I am willing to have WHR called away (also known as assigned.) Revenues and dividends are growing but look at those earnings. EPS (earnings per share) have taken quite a hit. WHR wrote off over $9 per share in the second quarter of 2018.