Bought Bank of Nova Scotia and Sold Covered Calls

May 25, 2009

Today, I bought Bank of Nova Scotia shares which sport a 5.5% dividend.  I then sold Jun-$38 covered calls for $0.66 which will provide an annualized return of 25.1% as per the following:

coveredcall

Unfortunately, Covestor doesn’t track income from the sale of covered calls.

FJP

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