With the share price of Home Depot closing yesterday at $266.49 and the stock going ex-dividend today, it was no surprise that my shares were called by the owner of the Mar-19 $250.00 calls I had sold earlier. This trade generated an annualized return of 25.6%
Home Depot continues to pass one of my covered call screens so I decided to purchase shares again today at $265.87 and sell ITM Apr-16 $260.00 calls for $11.45. If my shares are called away on the expiry date of April 16, this trade will generate an annualized return of 21.2%
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