DGI Adventure 10-22-16 Sold Covered Call – Valero Energy Corporation (VLO) – $58.50 strike – Nov 11 Expiration

This trade was actually executed on Tuesday 10/18/16. I didn’t get a chance to write about it until today. I sold a VLO Nov 11 ‘16 $58.50 call option for a premium of $53.22 after fees, which works out to a 0.91% absolute return (using the $58.50 strike as the denominator “at risk”). Since the… Read More DGI Adventure 10-22-16 Sold Covered Call – Valero Energy Corporation (VLO) – $58.50 strike – Nov 11 Expiration

DGI Adventure 09-07-16 Sold Covered Call – Valero Energy Corporation (VLO) – $58.00 strike – Oct 07 Expiration

This trade was actually executed yesterday 09/06/16. I sold the covered call for $56.22, which is a 0.97% absolute gain on the $58 strike price. The trade will be in force for 31 days making for an 11.42% annualized gain. The premium is nearly the equivalent of a quarterly dividend payment, but with a duration… Read More DGI Adventure 09-07-16 Sold Covered Call – Valero Energy Corporation (VLO) – $58.00 strike – Oct 07 Expiration

DGI Adventure – 12-10-2015 Investment Thesis – Valero Energy Corporation (VLO) – $66.40/share

Please visit the core philosophies article on my investment thesis process for a full explanation of the components of this article. Dividend Cycle VLO should go ex-dividend sometime in mid-early February. I anticipate the quarterly dividend to be $0.50/share again. This quarter’s payment marks the first at this distribution rate, which is an increase of… Read More DGI Adventure – 12-10-2015 Investment Thesis – Valero Energy Corporation (VLO) – $66.40/share