AWC Trade

Bought at 1.35c minus a credit for 8c from selling a Call at 1.30c for October

Capped at 1.30c for 2 months and 3c net credit.

Plus the Dividend of 5.4c gross, plus the 3c net credit on the option = 8.4c gross yield.

Net exposure outlay to purchase the stock is 1.30c minus 8.4c = $1.21.6c

1) if the share goes up, or 2) stays flat, or 3) drops 5c from current price 1.35c to 1.30c ,

I still make 8.4c gain on exposure of 1.216 minus brokerage.

So its about 6% gain in 2 months or 36%pa.

If I could do better trades I would, all I know is that if the share goes up a bit after the dividend, or flat, or down 5c , means my trade still makes me 6% return.

Not to shabby IMO. But happy to learn better strategy if I can find out what a better strategy is