I wrote another covered call on HCP.
music selection: “Iodine” — Icon For Hire
A previous covered call expired out of the money and I’m back for more. The strategy here is to earn a blended return of dividends and capital growth while taking an options bonus. Shares were purchased at 36.33. On Monday, I sold HCP160715C00037500 for 10 cents a share. The trade will be in force for 26 days and yields 3.74% on an annualized basis.
In other news, it appears the Brits have voted to leave the European Union. Expect lots of volatility and emotional sell offs in the market today. It is overblown. Britain only accounts for about 3% of the S&P 500 sales. The US will recover from this and so will the UK. It is going to be a rough time for the UVXY trade though.
Devour your prey raptors!