Loading...
Loading...
, Brian Stutland suggested that investors should buy high dividend yielding stocks, and sell call options. He believes that BP plc (ADR)
BP is a great candidate for this strategy.
Brian Stutland would buy BP plc (ADR) (
BP) 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) (
BP) gained 1.38% on Wednesday, and it closed at $44.75.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in