Today, I would like to make a suggestion on a short term covered call.
And it will be on a stock I suggested in the past. The stock is Energy Transfer LP (ET).
ET is trading around $11.78 as I write this.
Buy ET at the market.
Then Sell to Open (1) March 13th - $12 Call for every 100 shares you buy.
You should be able to sell them for $0.35.
If the calls are assigned in two weeks, the return will be 4.8% for those two weeks.
Based on the nominal portfolio, limit the stock buy to 500 shares or 5.9% of the nominal portfolio.
