Over the weekend I had 100 shares of RPRX put to me at $27.50 so I now have a long position. I will begin selling covered calls on these shares for extra income. Royal Pharma is a “2 green” rated stock on Seeking Alpha and pays a 3.12% dividend yield.
I sold 2 covered calls on my holdings in Shell (SHEL).
Sell to Open: 2 Contracts SHEL Aug 16 2024 72.5 Calls Limit at $1.45 (Day)
Filled at $1.46, netting meĀ $290.64. This equates to a 13.98% annualized yield.