Brian Stutland's BP plc (BP) trade

, Brian Stutland suggested that investors should buy high dividend yielding stocks, and sell call options. He believes that BP plc (ADR)

is a great candidate for this strategy. Brian Stutland would buy BP plc (ADR) (

) shares, around $44.75, and he would sell the February $46 call in BP for $1. With this trade he is collecting over 2% of premium, and the stock has a dividend yield of 4%. BP plc (ADR) (

) gained 1.38% on Wednesday, and it closed at $44.75.