AltaGas Ltd T.ALA

sold a few 24 calls for Jan 2022

[Johnwith30years]

So with a small portion of a large position I sold some Jan 2022 calls with a strikek price of 24.

Should it rise from 20 to 24 the result is  and increase of 20% on the stock and 5 % on the dividend and another 1.95% on the option trade which follows a 3.25% gain on closing the Jan 15th 20's that expire today for a total possible gain of gain of $30.2%    just from today until next year.  However if the stock prices does reach 24 then from the average buying price of around 15.18  the gain adds to the 30.2 % appporximately  another 24.1%

So all together the gain becomes about 54.3% plus the previous 2 years of dividends - assume 5% each year to be conservative = 64.3%  over three years.

So not whiz bang but steady income and  an average gain would become 21.43 every year.
Lets see how close it comes to that  but during all this time very nice income.. But lots of work to average down roll options etc.Had we known then what is more clear now we all woul dhave bought around 12 and just held on... GL to all as this plays out this year   ONWARD!

[Vega1357]

Don't count your chickens before they're hatched.

[Bushman3333]

you f@ckin said you  are out ,stay out and die, f@ckin old fart ,go to st diego with your trash and eat sh@@@@it