March 2, 2020 - MDT Alert (CDAY)

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.

/by

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