Covered Calls with Reinis Fischer

Share this post
Latest stock buy 6 shares of WBA at $47.58 per share
coveredcalls.reinisfischer.com

Latest stock buy 6 shares of WBA at $47.58 per share

Reinis Fischer
Jul 8, 2021
Share this post
Latest stock buy 6 shares of WBA at $47.58 per share
coveredcalls.reinisfischer.com

On July 7, 2021, I bought additional 6 shares of Walgreens Boots Alliance Inc (WBA) paying $47.58 per share. 

With its quarterly dividend of 0.46 cents per share, this latest buy has a dividend yield of 3.87% and will pay us an additional $2.76 every quarter (before tax). Awesome!

WBA is paying a dividend in the following months: March, June, September, and December. 

It was agreed to re-invest and double up the previous month's dividend income to finance this purchase. As we took some $128 in dividend income in June, I doubled up this amount and bought 6 shares with WBA

We now hold in total 10 shares of WBA, In total, they contribute about $15.64 (after tax) yearly to our dividend income portfolio.

Using dollar-cost averaging our average cost per one WBA share is $50.98

I’m looking to increase the total share count to 100, and then start selling covered calls on WBA stock.

Just for the illustration:

We could sell a covered call on WBA today (July 7, 2021) with expiry on August 6, 2021 (monthly options), with a strike price of $51, and get for that about $0.36 premium. That about 0.7% potential income return in 30 days. 

there is no set timeframe yet when we are planning to reach 100 WBA milestone but it might be the second half of 2022

90 shares to go!

Share this post
Latest stock buy 6 shares of WBA at $47.58 per share
coveredcalls.reinisfischer.com
Comments

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Reinis Fischer
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing