My old covered call expired out of the money.

music selection:  “Desire” — U2

Suncoke is a high yielding (22%) MLP in the metallurgical coal space.  I own shares with a cost basis of 11.93 a share.  The price has been a little depressed lately but I’ve more than made up for unrealized capital losses between options premiums and distributions.  I expect good things from this issue.  On Monday, I sold SXCP160819C00012500 for 25 cents a share.  The trade will be in force for 89 days and provides 8.90% bonus yield on top of the 22% distribution yield.  As long as steel remains a primary building material, this one should continue to generate a good yield.

Devour your prey raptors!

Covered call Suncoke Energy Partners (SXCP)

Never miss another opportunity to devour prey!

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