Dividend Amount: 28 cents
Ex-Dividend Date: June 13, 2012
Beta: 1.16 Strategy: Buy LEG and offer to sell the June $20.00 strike or lower call for 45 cents over the intrinsic value. In almost all cases, I sell the call option first to ensure the stock option leg is complete. If not, after qualifying for the dividend, I will look to close out the covered option with a gain of about 12 cents, plus the quarterly dividend paid by the company. My last step (completed before making a trade on the same day) is to check company announcements, and news sources for possible price moving events. This is especially critical during earnings season.