With a 52-week high of 36.50, we think ORCL shares are likely to bounce around within a mid-30's trading range. To create a synthetic dividend on your shares, we recommend selling the $35 strike calls in the near-term. In particular, we like the June, July, and September expiration covered calls. This strategy will create a synthetic dividend of 9-14% at current options market prices, and leaves investors that 6% upside in share appreciation that brokers are predicting.
|Call Options||Strike Price at 35.00|
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.