Dividends , The Wheel --Cash secured Puts and Covered Call writting

[Porgie Tirebiter]

Monday morning (using numbers from Friday's close) buy 100 shares of T, write the APR 23 Put (elevated IV due to earnings) at 80¢.

Trade ends on April 23.

On April 23rd realize an annualized return of 56.5% on the money or own the shares with a $29 basis. T shares with a basis at $29 yield 7.15% - beating the 6.87% yield one would get buying the shares outright at Friday's closing price.