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If we earn the dividend on October 25, and if LEVI closes above $14 when these options expire on November 17, we would earn $0.82 per share on $13.30 per share at risk, or 6.17%. Over 38 days, that’s an annualized return of 59.2%.
If we earn the dividend on August 3, and if LEVI closes above $14 when these options expire on August 18, we would earn $0.77 per share on $13.35 per share at risk, or 5.77%. Over 38 days, that’s an annualized return of 55.4%.
If you took part in the April 20 buy write on Kroger (KR), you may want to sell the stock today before the grocery store chain reports earnings Thursday morning.