Monday, May 22, 2017

Possible dividend plays for tomorrow

Stocks with weekly options in the "Upcoming Dividends" workbook:

TickerOptionsEstimated Ex-dividend dateWeekYieldEx-dividend dateWarning
JNJWxxxx-05-2512.65%2017-05-25
PEPWxxxx-05-3122.83%2017-05-31
MCDWxxxx-06-0222.54%2017-02-27<===

I also ran the "Upcoming Dividends" screen on P123, and it came up with: JNJ / PEP / KO. Which more or less matches, because MCD has not yet declared the dividend and KO is farther out that I look for in the above workbook.



Running those through the "CC-List" workbook:

TickerLast PriceStrikeRIURIED/PaROICall DescriptionBid Price
MCD$148.15ITM0.6%0.6%0.7%31.7%MCD 5/26 2017 $148.00 Call$1.05
JNJ$127.00ITM0.5%0.5%0.5%25.0%JNJ 5/26 2017 $127.00 Call$0.61
PEP$113.69OTM0.5%0.7%0.5%24.8%PEP 5/26 2017 $114.00 Call$0.54

OK, but not stellar, so next step for each.



Running each of those through the "CC-Roll" workbook:

ActionTicker SymbolPivotPriceExtrinsic
Ex-Div?Earn?
Buy or ownedMCD$0.00$148.15--
2017-06-022017-07-25
ActionTicker SymbolBid PriceExtrinsicProfitaROIDividendsEarn Rpt
Sell to openMCD 5/26 2017 $148.00 Call$1.05$0.90$0.9031.7%----








ActionTicker SymbolPivotPriceExtrinsic
Ex-Div?Earn?
Buy or ownedJNJ$0.00$127.00--
2017-05-202017-07-18
ActionTicker SymbolBid PriceExtrinsicProfitaROIDividendsEarn Rpt
Sell to openJNJ 5/26 2017 $127.00 Call$0.61$0.61$0.6125.0%$0.80--








ActionTicker SymbolPivotPriceExtrinsic
Ex-Div?Earn?
Buy or ownedPEP$0.00$113.69--
2017-06-012017-07-06
ActionTicker SymbolBid PriceExtrinsicProfitaROIDividendsEarn Rpt
Sell to openPEP 5/26 2017 $114.00 Call$0.54$0.54$0.5424.8%----

I may check to see how they progress in the morning.



In addition, since the IWM / TGT / WFC positions no longer have outstanding calls written against them, I checked them out as well:

ActionTicker SymbolPivotPriceExtrinsic
Ex-Div?Earn?
Buy or ownedIWM$138.00$136.03--
2017-07-06--
ActionTicker SymbolBid PriceExtrinsicProfitaROIDividendsEarn Rpt
Sell to openIWM 6/16 2017 $138.00 Call$1.24$1.24$1.2411.7%----
Sell to openIWM 6/23 2017 $138.00 Call$1.54$1.54$1.5411.6%----
Sell to openIWM 6/30 2017 $138.00 Call$1.83$1.83$1.8311.5%----
Sell to openIWM 6/9 2017 $138.00 Call$0.88$0.88$0.8811.1%----
Sell to openIWM 6/2 2017 $138.00 Call$0.55$0.55$0.5510.4%----
Sell to openIWM 6/23 2017 $138.50 Call$1.34$1.34$1.3410.1%----
Sell to openIWM 7/21 2017 $138.00 Call$2.35$2.35$2.359.9%$0.39--








ActionTicker SymbolPivotPriceExtrinsic
Ex-Div?Earn?
Buy or ownedTGT$58.00$55.99--
2017-08-152017-08-16
ActionTicker SymbolBid PriceExtrinsicProfitaROIDividendsEarn Rpt
Sell to openTGT 6/23 2017 $58.00 Call$0.57$0.57$0.5710.2%----
Sell to openTGT 6/30 2017 $58.00 Call$0.68$0.68$0.6810.2%----








ActionTicker SymbolPivotPriceExtrinsic
Ex-Div?Earn?
Buy or ownedWFC$57.50$53.06--
2017-08-032017-07-21
ActionTicker SymbolBid PriceExtrinsicProfitaROIDividendsEarn Rpt
Sell to openWFC 1/19 2018 $57.50 Call$1.59$1.59$1.594.1%$0.76XXX
Sell to openWFC 10/20 2017 $57.50 Call$0.99$0.99$0.994.1%$0.38XXX
Sell to openWFC 6/15 2018 $57.50 Call$2.33$2.33$2.333.8%$1.52XXX
Sell to openWFC 1/18 2019 $57.50 Call$3.60$3.60$3.603.8%$2.28XXX

WFC is still too far down to think about writing a new call.

However, I did put in two GTC limit orders for tomorrow:

TGT 6/23 2017 $58.00 Call @ $1.00
IWM 6/2 2017 $138.00 Call @ $1.00

Unlikely to trade, but at this point I can be patient. I just thought I'd put the orders out there in case there is a bump up.


 

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