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If we earn the dividend at the end of this month, and if NRG closes above $38 on November 17, we would earn $2.43 per share on $35.95 at risk, or 6.76%. Over a 45-day holding period, that would be a 54.8% annualized return.
On the buy write, if IGT closes above $32 on October 20, you will be assigned and earn $2.00 per share on $30.00 per share at risk, or 6.66%. Over a 22-day holding period, that would be an annualized return of 111%.
If SCVL closes above $25 on October 20, we will be assigned and earn $1.30 per share on $24.70 per share at risk, or 5.26%. Over a 22-day period, that would be an annualized return of 87.3%.
This trade is a buy write on shares of oil and gas exploration and production company Coterra Energy (CTRA), an energy outfit that rises and falls with the price of cr...
If KTB closes above $45 on October 20, we will be assigned and earn $2.60 per share on $42.40 per share at risk. That’s 6.13%, and over a 31-day holding period, the annualized return would be 72.2%.