One more Triple Play Income position to manage today.

COVERED CALL

Williams Companies (WMB):  33.58

Williams goes ex-dividend tomorrow paying us a 0.425 dividend in several weeks. The stock will trade lower tomorrow because of the ex-dividend. At the current price we can sell a 34 call two weeks out and at this time of the day, not worry about getting called out.

ACTION:  Sell to open WMB 23 Dec 34 call for a net credit of around 0.40 to 0.42 and a 1.2% return