The trade with commissions is as follows:
10/4/11 Bought 100 shares of O - $3,034.27
10/4/11 STO 1 Nov 19, 2011 30 @1.75 - $164.23
10/28/11 Option assigned at 30 - $2979.95
At the time I bought Realty Income it was trading near the bottom of it's trade channel. We then sold an in the money call which I figured would get assigned. This call was assigned for the dividend. Realty Income pays a monthly dividend of 14.5 cents a share (and rising). I made $109.91 in 24 days or 3.83%, 58.24% annualized. I would have bought more but I have other Realty Income holdings and didn't want to get too heavily weighted in the REIT. Not bad for an in the money call...
BTW, here is a good article on Realty Income's future prospects.
No comments:
Post a Comment