Showing posts with label Square. Show all posts
Showing posts with label Square. Show all posts

Monday, February 25, 2019

Square Covered Call

My wild side is coming out.  Square is not exactly a Dividend Machine.  It does not even pay a dividend.  It has negative earnings but it has potential.   Calls are abundant and here is 19 day call that I think is worth the risk.




I bank a 2.46% yield right away from the $1.91 premium and I have the potential to book an additional 7% gain.  I also may get stuck with it should something negatively affect the stock.  Also, I may end up losing a lot of opportunity if SQ soars way above the strike price.  If  SQ is called away, my upside is limited.

I still think it is work the risk. 

M* MoneyMadam
Disclosure:  Long SQ with calls
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