Target

Target Corp. Covered Call Trades and April Expiration

by Glenn Busch April 24, 2012
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By the end of February, Target (TGT) was the one position that looked stretched. It’s RSI was in overbought territory, the MACD looked like it had peaked and was about to roll over, and the stock had moved so far from its moving averages that it looked perfect for at least a consolidation move. Target begged to have a call written against it and I did at a strike of $57.50.

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November Option Expiration and our Dividend Income Portfolio

by Glenn Busch November 28, 2011
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Option expiration for November 2011 was just over a week ago. We had four outstanding covered calls in our Enhanced Dividend Income portfolio, all expired worthless. I’ll run through each trade below.

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Missoni, Another Catalyst to Target’s Growth

by Glenn Busch September 21, 2011
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One of the equity strategies that we manage for clients of American Money Management is the enhanced dividend income strategy. The strategy focuses on buying solid dividend paying companies when their stock is trading at a discount to fair value and strategically selling covered calls to enhance the total income received. Target Corp. (TGT) is a recent addition to this portfolio.

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