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lordwillings
Apr 23, 2020 4:00 PM

Vertical long call spread  Long

Enterprise Products Partners L.P.NYSE

Description

Next Ex-date is 4/29 paying $0.445 on 5/12
Long 100 shares ~$1,700
Long 18 call Jan_21_2022 exp
Short call each month until Jan_21_2022
Long stock gives 7 dividends (Assuming consistency)
Long call gives leveraged appreciation as well as coverage in case short call is exercised

Comment

Q1 2020 Earnings Release 9:59 am ET
Estimate: $0.52
earningscast.com/EPD/20200429
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