My 50% profit target was hit on the $GOOGL Nov $155 short put option.
I used the freed up cash to:
Sell a Chevron $CVX put option.
YOU SOLD OPENING TRANSACTION PUT (CVX) CHEVRON CORP NEW COM NOV 15 24 $145 (100 SHS) (Cash) @ $2.29 ($229), representing an annualized yield of 18.60%.
Chevron is a Divident Aristocrat that pays a 4.30% dividend, so I would not mind owning this stock if it gets assigned to me.
Flaherty & Crumrine Dynamic Preferred and Income Fund $DFP
- Added 65 shares
- Pays 6.33% monthly distribution
- Currently selling at a 5.51% discount
- I am now adding to preferred stocks and limited duration bonds to get more yield than 3 month T-Bills are paying
Also see: GOOGL Opening Trade
Also see: DFP Opening Trade