On Monday, I wrote a covered call on GlaxoSmithKline plc (GSK).

music selection:  “The Promise” — When In Rome

Shares were assigned at forty three dollars on 20NOV2105.  I have a dividend yield of 5.42% on cost basis and expect dividend growth and capital gains from this one going forward if I can hold on to it.  Calls are being written about 5% out of the money for some bonus yield while I wait.

I sold one contract of GSK151218C00044000 for six cents.  This trade will be in force 26 days and yields 1.96% annualized.  About what a lot of DGI investors are accepting in total right now.  I get that as pure bonus yield.  If called at 44, there will be an additional dollar of capital gains, yielding an additional 32% annualized.  Can’t beat that with a stick.

Don’t forget to check the new Open Positions tab when you want to see what the Lizard King has cooking.

Devour your prey raptors!

Covered call GlaxoSmithKline plc (GSK)

Never miss another opportunity to devour prey!

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