PM was trading at an all time high at the time-96.4something. She was paid 85 cents per share for the Sep 105-calls.
Grandma plans to donate the proceeds of said options to our local casino.
Her account is only up 8.5% year to date but that's because she started the year at 25% fixed income.
In other news-this is for Sunprance-invest in Mules because if the world goes to hell they'll be worth 50 times their weight in firewood.
Also sold some call options in IRA#2 and was paid the same premium.
Next week I may be buying GLD/gold in this account on any weakness.
In other news- Buy LO and sell high.
When you add her option premium to the dividend she earns her yield is close to 6%.
Thank you PM and her local casino thanks you.