Maksims Covered Call Options Forum

[maksim]

UYG Covered Call - $6.21, Write Jan 9 $7

Options are pretty expensive for these etf's. I am assuming other sectors will be just as good. I currently am doing a covered call for these, but may get out and do traditional covered call.

Return if Price Stays the same: 15%, 150% Annualized.
Return if Called: 29%, 291% Annualized.

$5.38 Break Even, 13.37% downside protection.

UYG will probly have a dividend of $.10 which will be nice.
I added commissions to calculate those numbers.