I decided to dive into this 4-star company. Price at $33.6 as of today closing with forward PE at 12. Dividend on Friday, 47 cents; May call at 35; $1. May put at 30 at 90 cents; Buy the stock, get dividend, sell call and put to get a total $2.37. It it drops, I will hold it for dividend. If it is called away at $35, I gain another $1.40 for a total gain of $3.77, a 11% return in 8 weeks. The return is way ahead of risk. Above all, it is a solid utility company waiting for gas price to go up.
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