Covered Call - LVS - New Trade

The original trade was entered Jan 2.

LVS started to pay a dividend again, which is nice. Now with 1.6% yield, it is not much, but better than nothing. Online savings accounts pay better the 1.6% a year.

Past trade history:

2024-01-02: buy 100 shares for 50.82 = $5,082 investment

Returns since then

2024-01-05 :  $57.33 for selling a 51C with Jan 05 expiration date

2024-01-11: $60.22 for selling a 51C with Jan 11 expiration date

2024-01-26: 140.31 for selling a 51C with Jan 26 expiration date.

On Friday I missed selling a call.

The plan for Monday: 

The plan is to sell a Feb 9 51C on Monday. Current market data show $70-$75 credit. Now this can change till the market opens tomorrow morning. 

Ex-date for the dividend is Feb 5. That gives me the possibility to pick up another 20$ dividends if I don’t get called out before that.

 

Disclosure

I have been beneficially long the shares in LVS and short the call in LVS. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.