ONCE AGAIN.. :-) Dean is looking to do an Oct $35 #coveredcall for about .40 which I think is also pretty nice.
Looking for the put sale to expire before earnings and I might do one over earnings, NOV wk 1 or something around $30, depending. I wouldn't be afraid to own shares of BP. A lot of traders like this one long term. Just a boring, small income strategy. Wash and repeat over and over.. The last few since the coveredcall expirations have expired worthless. :-) Bull to neutral on BP longer term.