FirstEnergy Buy Write Grabs Dividend And Bets On Eventual Stabilization In Utilities
If we earn the dividend next month, and if FE closes above $34 at expiration on November 17, we would be assigned and earn $2.91 per share on $31.50 per share at risk, or 9.2%. Over 45 days, that would be an annualized return of 74.7%.
Source: forbes.com