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If we earn the dividend next week, and then if CTRA closes above $28 on December 22, we would earn $1.35 per share on $26.85 at risk, or 5.03%. Over a holding period of 45 days, that would be an annualized return of 40.8%.
If you took part in the September 7 buy write on Consolidated Water (CWCO), your unrealized return is just above 6%. We have a similar situation with the Coterra Energy (CTRA) buy write that we did on the same day.
If CTRA closes above $29 on October 20, we would earn $1.40 per share on $27.60 at risk, or 5.07%. Over a holding period of 43 days, that would be an annualized return of 43.1%.
If CTRA closes above $26.50 on August 4, we would earn $0.65 per share on $25.85 at risk, or 2.51%. Over a holding period of 17 days, that would be an annualized return of 54%.