Things might be a little toppy here and either way, not sure how much immediate upside there is to this pick..Sold Oct. 11 $30 calls on Wells Fargo (WFC) A $.70 each (2.4% gain based on current price).
With the other calls we have sold on it, should WFC pass $30 a share and we get called out (forced to sell at $30) ,our effective sale price would be $31.95 excluding dividends. Should it stay below, we take the premium and do it again next month..