Ben I think that so many are looking for a good divi that they may be willing to drive the yield down more towards the 17 to 18% area. As long as it seems as though there is little risk I think that this is really understandable since we all are looking to make the most that we can. I sold my calls today because I do not want to get greedy and I made $1.10. I also sold Aug. calls on my stock at the $30 level for .35. If there is a pull back I will try to buy back my calls. Otherwise I will be out in AUG. waiting for a pull back or as I did this time buying the day before ex at hopefully again 2 cents above the close. Too many are now selling before the divi and are driving down the price only to buy back after ex pushing up the price so fast that it is hard to get in at a good profit. At least this is how for now that I am playing the game. Good luck I hope you can get out of your puts with a profit, because that will give many of us another opportunity to get back in and make some more.
its tough sledding, but it will pull back. debt ceiling will be next market scare, and someone needs to do an spo, but they must be waiting for higher ground. if i see flat ipopen, might just load up on shares. you are right about yield, but two weeks ago that was not the trade before fed. mlps are moving higher too.