My old put on LLY expired out of the money and I have written another
music selection: “Heaven Knows” — The Pretty Reckless
Eli Lilly is a dominant pharmaceutical company and a relentless dividend raiser. It yields 2.7%. We can do better than sub 3% with options however. Today, I sold LLY160708P00073000 for 1.26 a share. The trade will be in force for 39 days and yields 16.15% annualized. The trade also enjoys 4.95% downside protection.
I also saw positions in ABBV and NVDA expire out of the money but will not be rolling those positions as they have appreciated out of range.
I’ll be back tomorrow with the purchase of an insurance company with strong underwriting in my tIRA account.
Devour your prey raptors!