Vertical long call spread
Next Ex-date is 4/29 paying $0.445 on 5/12
Long 100 shares ~$1,700
Long 18 call Jan_21_2022 exp
Short call each month until Jan_21_2022
Long stock gives 7 dividends (Assuming consistency)
Long call gives leveraged appreciation as well as coverage in case short call is exercised
Long 100 shares ~$1,700
Long 18 call Jan_21_2022 exp
Short call each month until Jan_21_2022
Long stock gives 7 dividends (Assuming consistency)
Long call gives leveraged appreciation as well as coverage in case short call is exercised
Estimate: $0.52
earningscast.com/EPD/20200429