KEY short term buy/write

KEY goes ex-dividend later this week, and the premiums on the $15.50 calls look inviting. (Unfortunately, Key had one of their banks near me robbed over the week-end. But I doubt that would even show up as a small blip on the radar).

The regional banks will be a rocky ride as long as some segment of institutional traders worries about stagflation, higher-for-longer, recession, hard landings, consumer fatigue, high mortgage rates, housing starts, or too many pink flamingos on lawns across the US of A.

That said, I have a few hundred shares in my port collecting a 6% divi and I write OTM calls on them to boost return when the premiums seem to warrant it. I’ll wait it out and see what the future brings.