My earlier put on DIS expired out of the money but was assigned anyway with a cost basis of 95 dollars a share.

music selection:  “Mas Tequila” — Sammy Hagar

I decided on Monday to go one strike up and sell a call at the 96 strike.  I was able to sell DIS160401C00096000 for 2.95 a contract.  That trade will be in force for 40 days and yields 28.34% annually versus my cost basis  of 95.  Should the shares rally and close above 96 at expiry, I will earn an additional dollar of capital gains for a total annualized return of 37.94%.  I will be happy with either outcome as I own a great company at a great price.

Futures are setting up a down day in the market today.  Oil continues to languish while precious metals continue to climb.

Devour your prey raptors!

Covered call The Walt Disney Company (DIS)

Never miss another opportunity to devour prey!

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