Thursday, June 11, 2020

Raytheon my best call today

Add on weakness and sell calls against the new shares.  Here is how I do it.

Raytheon, symbol RTX, August 21, 2020 $80 call that captures the August 13 dividend.

Price on Open Call Expiration 
RTX $64.53 8/21/2020
Cost Basis:   6/11/2020 $64.54
Strike Price: $80.00
Call Premium:  $1.18
Dividend  8/13/2020 $0.475
Call Yield on Basis 1.83%
Call + Dividend Yield on Basis 2.56%
$ Gain if Assigned $17.12
Max Return  if Assigned 26.52%



M* MoneyMadam
Long RTX with calls