Thursday, June 25, 2015

VZ option closed

Yesterday I decided to close my VZ covered call.

As you can see from the photo above (actually not the greatest quality) I was able to pick up $86.60 from the transaction.

Just for comparison purposes I will receive about a $75 quarterly dividend in August from Verizon. This option remained opened for about 2 months.

Total option premiums earned (closed transactions) so far in 2015 are $321.30. I am certainly pleased with the results so far especially since my first options trade was in April. Another $300 in premiums this year will offset the $600 dividend income loss from ESV. That would be a big win!!!

I also should note that I still have 3 open call options in BP, GM, and BBL. If I hold those to maturity I have the potential to earn an additional $250.00.

I guess I probably should work on an Options Page pretty soon.



  1. An options page would be great. I definitely need some live examples of people using options to help hedge against risk or just provide some extra spending money.

    1. Anonymous,

      I am on it. It should go up early next week.


    2. As a regular visitor to your blog that'll be an awesome addition - THANK YOU!!