One more position we can manage today in Southern Co. (SO)
Southern Co. (SO): 68.71
Utility stocks in general have been trading higher based on rising energy costs and Southern Co. is no exception. We really like their position as they continue their transition into nuclear, natural gas and renewable energy sources. Let’s continue to roll our calls out for more cash.
ACTION: Roll the SO 25 Mar 70 call to the 8 Apr SO 69 call for around 0.80 to 0.85 and a 1.2% return
Buy to close SO 25 Mar 70 call
Sell to open SO 8 Apr 69 call
Triple Play Income
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