I agree, north of 80 not sustainable when order returns. The Jan 2017 82.50 call is about 4 bucks.
You can sell it, collect the premium and you loose the stock if it's above 82.50 come January expiration.
Not a bad sell at 86.50.(stock price plus premium). Downside is big cap gain tax bill if you've held ED for many years.
Put the monthly distributions in dividend reinvestment as opposed to taking cash. (if not already)
Try not to fret short-term price volatility. NCZ will be OKAY as oil and the rest of commodities recovery from crisis mode.
Always great to hear from a lifer. The utility sector has been dumped on as rate fears creep back into the market. But with your cost basis do price swings really matter?
ED is like an annuity. Its lifetime income to supplement other sources. I try not to fret losing 6 points in a few trading days although I'd certainly prefer the opposite.