My covered call on DIS expired in the morning over the weekend.
music selection: “Mama Told Me (Not To Come)” — Three Dog Night
weigh-in: 217.4 +0.4
I collected 2.95 in premium on the covered call plus a dollar in capital gains on the sale. I’m back for an out of the money put around 12% yield. Disney is still a great company and Jungle Book should be the next hit. I was able to sell DIS160429P00096500 for 84 cents a share. The trade will be in force 26 days and yields 12.22% annually. In addition, the trade has 3.1% downside protection against price drops.
I’ll be back Wednesday to discuss a fixed income trade.
Devour your prey raptors!