- This is part 16 in a continuing series on building a dividend income equity portfolio with lower market risk and boosted yield using covered option writing.
- Canadian Imperial Bank of Commerce is evaluated for value and yield boost using covered option writing.
- After completing an inverted head & shoulders pattern on February 27th, shares broke out higher, consolidating now in a channel from $85.00 to $86.80. Long-term support is at $81.75.
- An attractive dividend income equity with slow growth, the 4.07% dividend can be converted to 7.61% yield today.