New Covered Call on KBH

We initiated a new covered call position on KBH (home builder). We purchased 300 shares @$42.52 and sold Feb 19 $43 Call options for $2.025. This is the first time we have done a covered call with a real estate developer/builder. Recent financial results were excellent. Stock goes xdiv of Feb 3 with a $.60 dividend.

Picked up the idea from CoveredCallAdvisor.com. Had success following some of their ideas previously. They were more conservative and sold a deeper in the money call. My goal is to pick up the dividend and continuing writing call options against the stock for a few months.

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