Rolled my covered call trade on my Kinder Morgan Inc (KMI) holdings today – did not make much premium, but as stated previously, I love the company. Still getting pounded by the DOW Inc. March 2025 trade, but it went ex-dividend today – so at least it’s starting to generate some income for me.
Though I feel my Kinder stock is overvalued, I raised the strike price in the roll to $29.00, forgoing more premium to hopefully keep the shares. Here is the trade:
- Bought: Thirteen (13) May 30, 2025 Calls
- Strike Price: $28.00
- *Price Paid $85.00
- Sold: Thirteen (13) Jun 3, 2025 Calls
- Strike Price: $29.00
- *Premium Collected: $585.00
So, I rolled for approx. $500 dollars – TGIF.
*Excludes transaction costs.
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