Bought shares of General Electric at $24.25 in December 2014. Sold a covered call at 25 for June 2015 at 1.15. Price of the stock dropped around 23.5. Bought back the covered call for $0.50 in January 2015. Now, September 2015 25 calls are selling at 0.94. GE also has a nearly 4% yield for the year.
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General Electric has January 2017 puts which can generate abut a 9% yield if you&
#39;re selling covered puts. A covered put would require Level 1 options trading and the cash to buy shares. Posted - December 2015.
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