Closed PBCT Covered Call with +$76.6 Profit (6.71% yield in 112 days)

On November 20, 2020, our 100 shares with PBCT were called away at the strike price of $12

PBCT stands for People's United Financial, Inc. an American bank holding company that owns People's United Bank. The bank operates 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. It is the second-largest full-service bank in New England, one of the largest in the northeast, and the 46th-largest in the United States

PBCT actually is part of our dividend portfolio and we feel sad letting this stock go, but we decided to re-invest proceeds from this stock in FCEL options stock and we are looking to take back at least 100 shares with PBCT very soon, most probably by selling put options

Sold 3 Credit Spreads on FCEL – 4.8% potential income return in 28 days

This trade was closed with a gain of  +$76.6 or a 6.71%  yield in 112 days.

Selling covered calls with PBCT stock
Selling covered calls with PBCT stock
  • Running Total 5 Trades since July 31, 2020

  • Options income: $17