Today, I would like to make one more suggestion on a short term covered call.
And it will be on another stock I suggested in the past. The stock is Dropbox Inc. (DBX).
DBX is trading around $19.70 as I write this.
Buy DBX at the market.
Then Sell to Open (1) March 13th - $20 Call for every 100 shares you buy.
You should be able to sell them for $0.50.
If the calls are assigned in two weeks, the return will be 4% for just under two weeks.
Based on the nominal portfolio, limit the stock buy to 400 shares or 7.8% of the nominal portfolio.
