We’re going to write covered calls on our two of our uncovered stock positions today.

Cardinal Health (CAH):  57.30

Tomorrow is ex-dividend day for Cardinal Health. The stock price is down in trading today and we can safely sell a call on our uncovered stock and not worry about getting called out.

ACTION:  Sell to open CAH 14 Apr 58 call for around 0.50 to 0.60 and a 1% return.

Philip Morris (PM):  93.28

Philip Morris stock price has steadied now even with the uncertainty in Ukraine. After being assigned over the weekend, let’s start selling calls to recover from the assignment.

ACTION:  Sell to open PM 14 Apr 95 call for around 0.74 to 0.77 and a .8% return.

NOTE:  If you are new to Triple Play Income, buy Philip Morris stock (PM) at market and sell the PM 14 Apr 95 call for around 0.74 to 0.77.

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