Covered Call Recommendation on Covidien
STRATEGY: Covered Call Recommendation on COV Look at the January 2012 47.50 covered call for an income investment. For each 100 shares of Covidien PLC (COV) stock you buy, sell one January 2012 47.50 covered call option for a 44.13 (48.43 – 4.30) debit or better. That’s potentially a 7.6% assigned return. Plus, COV is expected to pay one dividend …