ekayaker

6 Reasons To Like Sysco Covered Calls

Nice write-up. Much appreciated.

SYY has been on my buy list for a decade. It was always too pricey. I finally bought a position in this great company. I hesitate to sell covered calls on a stock that I waited for so long to buy. I'd
feel terrible to have it called away for just a little premium income. I want to own a long term compounding machine, which I hope SYY is.

Also, SYY seems like a good way to play a decline in the price of oil, which many think is in bubble territory. Instead of shorting oil, which could be costly, I think it makes sense to buy a company that will benefit from a decline in gasoline prices. SYY is such a company.