Delek US Holdings (DK) has a decent 2.7% dividend yield, but it’s not the payout we are interested in with this buy write.
Execute for Net Debit of $26.85 or loweris a downstream energy company with businesses that include petroleum refining, logistics, convenience stores, asphalt, and renewables. Revenue this year is expected to jump 72% to $18.3 billion, and earnings are expected come in at $8.47 per share, compared to a loss of $3.03 per share in 2021.The next earnings report and the next ex-dividend date are both in November.Buy 100 DK , and sell to open one contract of $29.80 October 21 calls.
Execute the trade for a net debit of $26.85 or lower. The net debit is the maximum amount you are willing to pay for one share of stock and selling one call option against it.If DK closes above $29.80 at expiration on October 21, you would be compelled to sell at that price, and you’d earn $3.00 per share on $26.80 at risk, or 11.2%. On an annualized basis, that would be 110% for the 37-day holding period. If DK closes at or below $29.
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