I was assigned early last night on CH Robinson Worldwide Inc. (CHRW).
music selection: “Rock Candy” — Montrose
I have decided to waste no time writing a covered call on the new position. I sold CHRW160115C00067500 for 0.15 a contract this morning. The position will be open 36 days and yields 2.25% annualized. That doesn’t sound like much but consider this, those who simply bought at 67.50 earned no upfront premium and are earning 2.55% in annualized dividend yield. I have a chance to very nearly double that. And the 1.15 paid for writing the original contract is mine to keep (early!)
The original write up on CHRW is here. I’ll update the open positions tab momentarily.
Devour your prey raptors!