Covered Call on MDT, +$2,560 in 17 Days, 2.8% or 60% Annualized.

On July 17 our $93 call options were expiring “in the money” (stock above the strike price). Rather than have the stock called away we did a diagonal roll up to the Jul 24 $96 at a net cost of $2.50 (incremental investment. MDT has a good history and pays an excellent dividend (next ex-div date in late September.

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