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Writing Calls On Petrobras With Big Dividend Coming Up Next Friday
![Writing Calls On Petrobras With Big Dividend Coming Up Next Friday Writing Calls On Petrobras With Big Dividend Coming Up Next Friday](https://i3.wp.com/imageio.forbes.com/specials-images/imageserve/66be37df80963f217ab4f54c/0x0.jpg?format=jpg&height=900&width=1600&fit=bounds&w=780&resize=780,470&ssl=1)
On the buy write, if PBR closes above $15 at expiration on September 27, your shares will be automatically sold at $15, producing a profit—including the dividend—of $0.7364 per share on $14.65 per share at risk, or 5.03%. Over a 43-day holding period, the annualized return would be 42.7%.
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