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Lincoln National Corporation (LNC)

Lincoln National is a holding company. Through subsidiary companies, Lincoln operates multiple insurance and investment management businesses. The company was founded in 1904 and is headquartered in Radnor, PA.

Yield: 1.53%
Dividend Amount: 8 cents
Ex-Dividend Date: July 06, 2012
Beta: 2.63

Strategy: Buy Lincoln National and offer to sell the July $18.00 strike or lower call for 52 cents over the intrinsic value.

I will look to close out the covered option with a gain of about 18 cents, plus dividend. The most I can make is 60 cents, if I hold the covered call through option expiration day and the stock gets called away.

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