The Tortoise Strategy: Part 18 - Why Blackstone Group L.P. Is A Buy Now
- This is part 18 in a continuing series on building a dividend income equity portfolio with lower market risk and boosted yield using covered option writing.
- Blackstone Group L.P. is evaluated for value and yield boost using covered option writing.
- Most investors should buy the shares at $31.30 market, and sell the 9/20/14 $36 covered Calls with $0.85 premium to generate income, boost yields, and hedge downside risk by $0.85.
- Pure income investors may sell the 4/17/2014 $36 Strike Cash-Covered Put with a $1.50 premium, hedged reduced basis of $29.50 if shares presented, and 50.16% annualized yield rate.