A New Call for an Uncertain Market
The market has been bouncy in recent days but is still close to the high. Prices are high, but uncertainty is growing.
Stocks sold off on Friday as Israel and Iran exchanged bombings. But the market rose on Monday as investors are expecting a quick end to the conflict. Anything can happen. The conflict adds another degree of uncertainty beyond the tariffs and the economy.
Optimism is the prevailing investor emotion to start the week. And that will probably turn out to be correct. The Israel/Iran war is likely to end quickly. The tariffs don’t appear to be causing inflation or recession. And the economy remains buoyant. Things look basically good, but much could go wrong, too.
Meanwhile, the S&P 500 is perched near the high. That sets up an ideal environment to sell covered calls. The high prices ensure a great total return if the stocks are called. The premiums are also high, providing a big income amid the uncertainty.
In this update, I highlight a new call in the most recently added stock position, Oracle Corporation (ORCL). ORCL soared over 23% last week as investors loved the future growth projections in the earnings reports. It’s also up over 31% since being added to the portfolio in the May issue. The call premiums are very high right now, while the stock may not have much more upside in the near term.
Past Month’s Activity
May 20th
SOLD CEG July 18th $290 call at $24.00 or better
May 28th
Purchased Oracle Corporation (ORCL) - $163.85
June 3rd
SOLD AVGO July 18th $250 call at $16.00 or better
June 10th
Broadcom Inc. (AVGO) – Rating change “BUY” to “HOLD”
NextEra Energy (NEE) – Rating change “BUY” to “HOLD”
June 17th
Sell ORCL August 15th $210 call at $13.00 or better
TRADE ALERT
Sell ORCL August 15th $210 call at $13.00 or better
Expiration date: August 15th
Strike price: $210.00
Call price: $13.00
Oracle Corporation (ORCL)
ORCL has had a huge run higher. It was up over 23% last week alone after the earnings report. The stock has soared 60% since mid-April and over 30% since being added to the portfolio in the last issue. There is a good chance it has peaked in the near term. Call premiums are huge, and the high strike price guarantees a huge total return if the stock is called at expiration. Here are the three scenarios.
Here are the three scenarios.
1. The stock closes above the $210.00 strike price at expiration.
Call premium: $13.00
Dividends: $0.50
Appreciation: $46.15 ($210.00 strike price minus $163.85 purchase price)
Total: $59.65 (total return will be 36.4% in less than 3 months)
2. The stock price closes below but near our $210 strike price.
Call premium: $13.00
Dividends: $0.50
Total: $13.50 (total income of 8.2% in 3 months)
3. The stock price declines.
There will be $13.50 in income to offset the decline. Plus, the original purchase price is more than 46 per share below the strike price.
Portfolio Recap
AbbVie Inc. (ABBV)
Yield: 3.4%
ABBV continues to hang in there. It took a hit along with the rest of the market in early April. Then the quick recovery got interrupted by pending tariff and pricing issues in May. Healthcare is still vulnerable to tariff news, and stocks have been stuck. The executive order tying U.S. drug prices to international prices landed without much damage to the stocks. But there is also the issue of pharmaceuticals being targeted for tariffs floating around after the administration said it is coming. The issue could have a negative impact on drug companies, and they are unlikely to move meaningfully higher until there is more clarity. AbbVie itself is doing well as the Humira expiration pain is behind it and earnings are growing again. HOLD
AGNC Investment Corp. (AGNC)
Yield: 15.5%
The mortgage REIT has been acting a little better lately. The price has moved up 6.7% in the last two weeks. The better economic news and a more risk-friendly environment have drawn more investors. Even though the strong jobs and low inflation numbers make the Fed less likely to cut rates soon, it is still likely that the Fed will lower the fed funds rate this year, which will reduce funding costs. It will also help with the net asset value (NAV), which tends to determine the share price direction. It looks like better days are ahead, and AGNC pays a huge yield while you wait. HOLD
Ally Financial Inc. (ALLY)
Yield: 3.3%
This online banker has been bouncing around since late last summer. There was a selloff in April and then a quick recovery. But ALLY had not really been able to generate meaningful upside traction. That might be changing. The price has spiked over 20% since late April. Rates are still high, and there is still a high degree of uncertainty regarding the direction of the economy over the rest of the year, but the prognosis is improving. ALLY is getting a boost from the strong jobs report. As long as the economy stays solid and the worst of the tariff uncertainty stays behind us, ALLY should be strong and make up for some lost time. HOLD
Broadcom Inc. (AVGO)
Yield: 1.0%
The custom AI chipmaker has leveled off after the earnings report. AVGO had a huge 80% rise from the low of April. The company did what was expected in the earnings report but didn’t issue unexpected and exciting news, like a 10-for-1 stock split or the estimates of $60 to $90 billion in AI revenue in a few years. It looks like a “sell the news” situation. But while the price has stopped rising for now, it hasn’t pulled back with any significance. It’s holding the gains, just not adding to them for the time being. It’s encouraging that AVGO is retaining its gains after the surge. HOLD
Cheniere Energy Inc. (LNG)
Yield: 0.8%
The country’s largest exporter of natural gas reported earnings that exceeded expectations and reiterated previous guidance for 2025. Commercial activity among LNG exporters has gained momentum after the administration lifted a moratorium on export permits. Cheniere plans to double production by building more export facilities. Several of those projects were recently completed and should begin to add to the bottom line. LNG had been a prime candidate to be added to the S&P 500 index, which could induce new buying. But it looks like that won’t happen this time, and the stock pulled back. But it spiked higher last week as energy prices rose amid the Israel-Iran conflict. HOLD
Constellation Energy Corporation (CEG)
Yield: 0.5%
Constellation announced another big energy deal last week. The company struck a 20-year deal to provide nuclear power to Meta (META) to power its AI-capable data centers from its nuclear plant in Clinton, IL. Financial details are not yet available. It is the latest entry in the trend of tech companies purchasing carbon-free nuclear power to provide for huge growth in electricity demand from data centers. Constellation indicated that such a deal, and maybe more, was imminent in the last earnings report.
CEG initially jumped as much as 9% higher on the news, then pulled back and lost ground for the day. It looks like another example of selling the news. CEG rocketed more than 90% higher since early April. The price had to slow down eventually, and now the stock has leveled off. However, CEG is holding onto the recent gains. That’s an encouraging sign. HOLD
Eli Lilly and Company (LLY)
Yield: 0.8%
LLY is a juggernaut that’s been stuck in the mud. It’s down more than 15% from the 52-week high and is down over 6% over the past year. This is a stock that has returned over 400% over the last five years. That’s a big slowdown. Drugs are likely soon to be targeted for tariffs, and inputs for Lilly’s weight loss drugs come from Ireland. However, the administration indicated that time would be given to relocate facilities to the U.S., and Lilly has already begun that process. Tariffs are unlikely to sting Lilly that much. There’s also the issue of “most favored nation” drug pricing. But it’s unclear how that will work and how much other nations will reduce their prices.
Lilly is still knocking the cover off the ball with huge demand for its weight-loss and other drugs. There is also likely approval for an oral weight-loss drug later this year. But until there is more clarity on these issues, LLY is unlikely to generate lasting upside traction. That’s why it is rated “HOLD” for now. But the stock should soar on the other side of this uncertainty and make up for lost time. HOLD
NextEra Energy, Inc. (NEE)
Yield: 3.0%
The regulated and clean energy utility stock was strong but has since found more trouble. The stock initially pulled back on the spike in interest rates from the U.S. credit downgrade. Then, the clean energy industry took a hit as the new bill in Congress passed the House and promises to strip subsidies for clean energy. The huge subsidies had given support to much of the industry. It’s certainly negative for NextEra, which was a big beneficiary. The stock can stand on its own and has before. It should endure this storm in decent shape. In fact, NEE has already made up all the losses. But the news cycle on this may have more legs, and the rating will be reduced to HOLD until the damage seems complete and NEE maintains the recent upward momentum. HOLD
ONEOK, Inc. (OKE)
Yield: 4.9%
This midstream energy company stock performance has been disappointing. OKE is down 16% YTD while the overall energy sector is up 2% over the same period. OKE recently took a hit when it missed on earnings in an unforgiving environment. But earnings were generally solid, and ONEOK reaffirmed guidance for 2025 and 2026, which includes an earnings growth jump to 15% as new assets come online, including two sizable recent acquisitions. The story is still quite strong, but there has been some recent share dilution that somewhat mutes the earnings growth. This stock should pick up soon, but I’ll watch it closely. HOLD
Oracle Corporation (ORCL)
Yield: 0.9%
Wow! Oracle killed it on earnings and had a huge week. The technology stalwart reported earnings that beat expectations last week. But management reiterated enormous growth with data centers and AI. OCI revenue grew 49% last year. While that’s impressive, management said growth should eclipse 70% this year. There isn’t nearly enough current data center capacity to meet demand. Management intends to double data center capacity this fiscal year and triple it by the end of next fiscal year.
This level of growth was indicated in the last quarterly report. While it was reaffirmed in the latest quarter, I think the good news got lost in the tariff volatility. Oracle represents a new growth horizon in AI in infrastructure. Investors were reminded and reassured that Oracle has a huge growth catalyst ahead. The stock soared over 23% last week alone and has returned over 31% since being added to the portfolio in the last monthly issue. BUY
Qualcomm Corp. (QCOM)
Yield: 2.3%
The chipmaker got a boost after reporting a deal to buy Alphawave IP Group for $2.4 billion to move faster into the artificial intelligence data center market. Qualcomm is making a big push to get its central processing unit chips used in the fast-growing data center market. The deal is expected to close in the first quarter of 2026. The market likes that deal as the stock jumped about 4% on the day of the announcement. The company is broadening its offerings across a wider spectrum, which is good for the future. But the market wants to see rising smartphone demand for the stock to take off. HOLD
Realty Income Corp. (O)
Yield: 5.6%
This legendary income REIT is finally paying off. It was a subpar performer during inflation and rising interest rates. But it recently showed some impressive defensive chops. It was higher through the market tumult of April. O has returned over 11% so far this year. It should continue to perform well as investors are likely to gravitate toward more defensive plays. O is still attractively valued and should have some pent-up upside as the environment of inflation and rising interest rates likely fades into the past. It was a nice holding in a dicey market and could have further upside when the Fed starts cutting rates. HOLD
Toll Brothers, Inc. (TOL)
Yield: 0.9%
This beleaguered homebuilder company stock has been moving higher following the strong jobs report. A solid economy is good for housing demand. But TOL is still down 14% YTD and 35% from the 52-week high. It’s a problem that mortgage rates are staying stubbornly high, which hurts housing affordability. But if the economy proves to be strong for the rest of the year, TOL could make a sustained move higher. We will see how the economic news plays out. The longer-term supply/demand dynamic is hugely favorable to this company, and it should muster a sustained upside move eventually. HOLD
Existing Call Trades
Sell ABBV June 20th $210 call at $9.50 or better
The call was sold before the market selloff in April. We secured a strong income to tide us through the volatile market. The prospects for AbbVie are strong for the rest of the year. However, there are external issues, including tariffs and government pricing pressure, to worry about. Shares are currently priced 20 per share below the strike price and are unlikely to be called on options expiration this Friday.
Sell LNG June 20th $230 call at $15.00 or better
LNG has been a very strong performer in the tough market. But it has been bouncing around a lot in recent weeks. LNG got a spike last week as energy prices soared with the conflict in the Middle East, but it is pulling back as fears wane this week. The stock is currently about 3 per share above the strike price. It may be called at a nice profit, or we may keep the stock and sell another call down the road.
Sell CEG July 18th $290 call at $24.00 or better
CEG is getting a strong bounce this week as its deal to acquire Calpine Energy was approved. It does look like the stock may have peaked in the near term, but it is still retaining the recent gains. There is still a long way to go until options expiration. But we locked in a huge premium at an optimal time.
Sell AVGO July 18th $250 call at $16.00 or better
AVGO is looking toppy just above the strike price. It is holding the recent gain for now. Unless there is more good news reported, there is a strong chance the stock could drift below the strike price by expiration next month. We locked in a very high call premium at what looks like an optimal time at this point.
Current Recommendations
| Open Recommendations | Ticker Symbol | Entry Date | Entry Price | Recent Price | Buy at or Under Price | Yield | Total Return |
| AbbVie Inc. | ABBV | 12/17/24 | $175.38 | $191.08 | NA | 3.43% | 11.02% |
| AGNC Investment Corp | AGNC | 9/24/24 | $10.47 | $9.30 | NA | 15.38% | -0.63% |
| Ally Financial Inc. | ALLY | 11/26/24 | $39.42 | $36.02 | NA | 3.33% | -7.07% |
| Broadcom Inc. | AVGO | 1/28/25 | $207.36 | $248.70 | NA | 0.95% | 20.31% |
| Cheniere Energy, Inc. | LNG | 2/25/25 | $216.04 | $238.34 | NA | 0.84% | 10.56% |
| Constellation Energy Corp. | CEG | 8/27/24 | $196.14 | $296.89 | NA | 0.52% | 52.08% |
| Eli Lilly and Company | LLY | 4/22/25 | $827.54 | $819.36 | NA | 0.73% | -0.79% |
| NextEra Energy, Inc. | NEE | 4/25/23 | $77.50 | $74.78 | NA | 3.03% | 2.70% |
| ONEOK, Inc. | OKE | 2/25/25 | $95.77 | $83.75 | NA | 4.92% | -11.43% |
| Oracle Corporation | ORCL | 5/28/25 | $163.85 | $215.22 | $175.00 | 0.93% | 31.35% |
| Qualcomm Inc. | QCOM | 5/5/21 | $134.65 | $154.72 | NA | 2.30% | 25.98% |
| Realty Income Corp. | O | 6/27/23 | $60.19 | $57.64 | NA | 5.60% | 7.16% |
| Toll Brothers, Inc. | TOL | 10/22/24 | $148.02 | $107.59 | NA | 0.93% | -26.98% |
| COVERED CALLS | |||||||
| Open Recommendations | Ticker Symbol | Intial Action | Entry Date | Entry Price | Recent Price | Sell To Price or better | Total Return |
| ABBV June 20th $210 call | ABBV250620C00210000 | Sell | 4/1/25 | $9.50 | $0.05 | $9.50 | 5.42% |
| LNG June 20th $230 call | LNG250620C00230000 | Sell | 5/7/25 | $15.00 | $9.20 | $15.00 | 6.94% |
| CEG July 18th $290 call | CEG250718C00290000 | Sell | 5/20/25 | $24.00 | $20.27 | $24.00 | 12.23% |
| AVGO July 18th $250 call | AVGO250718C00250000 | Sell | 6/3/25 | $16.00 | $11.05 | $15.00 | 7.72% |
| ORCL Aug 15th $210 call | ORCL250815C00210000 | Sell Pending | $11.75 | $13.00 | 7.93% | ||
| as of close on 6/13/2025 | |||||||
| SOLD STOCKS | |||||||
| x | Ticker Symbol | Action | Entry Date | Entry Price | Sale Date | Sale Price | Total Return |
| Innovative Industrial Props. | IIPR | Called | 6/2/20 | $87.82 | 9/18/20 | $100.00 | 15.08% |
| Qualcomm | QCOM | Called | 6/24/20 | $89.14 | 9/18/20 | $95.00 | 7.30% |
| U.S. Bancorp | USB | Called | 7/22/20 | $36.26 | 9/18/20 | $38 | 3.42% |
| Brookfield Infras. Ptnrs. | BIP | Called | 6/24/20 | $41.92 | 10/16/20 | $45 | 8.49% |
| Starbucks Corp. | SBUX | Called | 8/26/20 | $82.41 | 10/16/20 | $88 | 6.18% |
| Visa Corporation | V | Called | 9/22/20 | $200.56 | 11/20/20 | $200 | 0.00% |
| AbbVie Inc. | ABBV | Called | 6/2/20 | $91.04 | 12/31/20 | $100 | 12.43% |
| Enterprise Prod. Prtnrs. | EPD | Called | 6/24/20 | $18.14 | 1/15/21 | $20 | 15.16% |
| Altria Group | MO | Called | 6/2/20 | $39.66 | 1/15/21 | $40 | 7.31% |
| U.S. Bancorp | USB | Called | 11/25/20 | $44.68 | 1/15/21 | $45 | 1.66% |
| B&G Foods Inc, | BGS | Called | 10/28/20 | $26.79 | 2/19/21 | $28 | 4.42% |
| Valero Energy Inc. | VLO | Called | 8/26/20 | $53.70 | 3/26/21 | $60 | 11.73% |
| Chevron Corp. | CVX | Called | 12/23/20 | $85.69 | 4/1/21 | $96 | 12.95% |
| KKR & Co. | KKR | Called | 3/24/21 | $47.98 | 6/18/21 | $55 | 14.92% |
| Digital Realty Trust | DLR | Called | 1/27/21 | $149.17 | 7/16/21 | $155 | 5.50% |
| NextEra Energy, Inc. | NEE | Called | 2/24/21 | $73.76 | 9/17/21 | $80 | 10.00% |
| Brookfield Infras. Ptnrs. | BIP | Called | 1/13/21 | $50.63 | 10/15/21 | $55 | 11.65% |
| AGNC Investment Corp | AGNC | Sold | 1/13/21 | $15.52 | 1/19/22 | $15 | 5.92% |
| ONEOK, Inc. | OKE | Called | 5/26/21 | $52.51 | 2/18/22 | $60 | 19.62% |
| KKR & Co. | KKR | Sold | 8/25/21 | $64.52 | 2/23/22 | $58 | -9.73% |
| Valero Energy Inc. | VLO | Called | 11/17/21 | $73.45 | 2/25/22 | $83 | 15.53% |
| U.S Bancorp | USB | Sold | 3/24/21 | $53.47 | 4/13/22 | $51 | -1.59% |
| Enterprise Product Ptnrs | EPD | Called | 3/17/21 | $23.21 | 4/14/22 | $24 | 11.25% |
| FS KKR Capital Corp. | FSK | Called | 10/27/21 | $22.01 | 4/14/22 | $23 | 13.58% |
| Xcel Energy Inc. | XEL | Called | 10/12/21 | $63.00 | 5/20/22 | $70 | 12.66% |
| Innovative Industrial Props. | IIPR | Sold | 3/23/22 | $196.31 | 7/20/22 | $93 | -51.23% |
| One Liberty Properties | OLP | Sold | 7/28/21 | $30.37 | 8/24/22 | $25 | -12.94% |
| ONEOK, Inc. | OKE | Called | 5/25/22 | $65.14 | 1/20/23 | $65 | 2.66% |
| Xcel Energy, Inc. | XEL | Called | 10/26/22 | $62.57 | 1/20/23 | $65 | 4.67% |
| Realty Income Corp. | O | Called | 9/28/22 | $60.37 | 2/17/23 | $63 | 5.41% |
| Medical Properties Trust | MPW | Sold | 1/24/23 | $13.22 | 3/21/23 | $8 | -38.00% |
| Brookfield Infrastructure Cp. | BIPC | Called | 11/9/22 | $42.43 | 7/21/23 | $45 | 8.72% |
| Star Bulk Carriers Corp. | SBLK | Sold | 6/1/22 | $33.30 | 8/8/23 | $18 | -31.38% |
| Visa Inc. | V | Called | 12/22/21 | $217.16 | 8/18/23 | $235 | 9.16% |
| Global Ship Lease, Inc. | GSL | Sold | 2/23/22 | $24.96 | 8/29/23 | $19 | -13.82% |
| ONEOK, Inc. | OKE | Called | 3/28/23 | $60.98 | 9/15/23 | $65 | 9.72% |
| Hess Corporation | HES | Called | 6/6/23 | $132.25 | 10/20/23 | $155 | 17.87% |
| Tractor Supply Company | TSCO | Sold | 9/26/23 | $203.03 | 11/28/23 | $200 | -1.02% |
| Digital Realty Trust | DLR | Called | 7/18/23 | $117.31 | 1/19/24 | $135 | 17.16% |
| Intel Corporation | INTC | Called | 7/27/22 | $40.18 | 1/19/24 | $43 | 9.76% |
| AbbVie Inc. | ABBV | Called | 7/25/23 | $141.63 | 3/15/24 | $160 | 15.11% |
| Marathon Petroleum Corp. | MPC | Called | 10/24/23 | $149.45 | 3/28/24 | $165 | 12.06% |
| The Williams Companies, Inc. | WMB | Called | 8/24/22 | $35.58 | 5/17/24 | $35 | 7.14% |
| Main Street Capital Corp. | MAIN | Called | 3/26/24 | $46.40 | 9/20/24 | $49 | 10.91% |
| Brookfield Infrastructure Cp. | BIPC | Called | 2/27/24 | $32.64 | 9/20/24 | $35 | 11.00% |
| American Tower Corp. | AMT | Called | 1/23/24 | $202.26 | 9/20/24 | $210 | 5.43% |
| ONEOK, Inc. | OKE | Called | 8/27/24 | $79.59 | 10/18/24 | $88 | 11.18% |
| Alexandria Real Estate Eq. | ARE | Sold | 12/19/23 | $129.54 | 11/19/24 | $108 | -12.82% |
| FS KKR Capital Corp. | FSK | Called | 4/23/24 | $19.42 | 12/20/24 | $20 | 14.06% |
| Enterpise Product Ptnrs. | EPD | Called | 2/27/24 | $27.61 | 1/17/25 | $29 | 12.60% |
| Cheniere Energy Prtns. | CQP | Called | 1/22/25 | $53.04 | 3/21/25 | $60 | 14.67% |
| EXPIRED OPTIONS | |||||||
| Security | In/out money | Sell Date | Sell Price | Exp. Date | $ return | Total % Return | |
| IIPR Jul 17 $95 call | out-of money | 6/3/20 | $3.00 | 7/17/20 | $3.00 | 3.40% | |
| MO Jul 31 $42 call | out-of-money | 6/17/20 | $1.60 | 7/31/20 | $1.60 | 4.03% | |
| ABBV Sep 18 $100 call | out-of-money | 7/15/20 | $4.60 | 9/18/20 | $4.60 | 5.05% | |
| IIPR Sep 18 $100 call | in-the-money | 7/22/20 | $5.00 | 9/18/20 | $5.00 | 5.69% | |
| QCOM Sep 18 $95 call | in-the-money | 6/24/20 | $4.30 | 9/18/20 | $4.30 | 4.82% | |
| USB Sep 18 $37.50 call | in-the-money | 7/22/20 | $2.00 | 9/18/20 | $2.00 | 5.52% | |
| BIP Oct 16 $45 call | in-the-money | 9/2/20 | $1.95 | 10/16/20 | $1.95 | 4.65% | |
| SBUX Oct 16 $87.50 call | in-the-money | 10/16/20 | $3.30 | 10/16/20 | $3.30 | 4.00% | |
| V Nov 20 $200 call | in-the-money | 9/22/20 | $10.00 | 11/20/20 | $10.00 | 4.99% | |
| ABBV Dec 31 $100 call | in-the-money | 11/18/20 | $3.30 | 12/31/20 | $3.30 | 3.62% | |
| EPD Jan 15 $20 call | in-the-money | 11/23/20 | $0.80 | 1/15/21 | $0.80 | 4.41% | |
| MO Jan 15 $40 call | in-the-money | 11/25/20 | $1.90 | 1/15/21 | $1.90 | 4.79% | |
| USB Jan 15 $45 call | in-the-money | 11/25/20 | $2.00 | 1/15/21 | $2.00 | 4.48% | |
| BGS Feb 19 $27.50 call | in-the-money | 12/11/20 | $2.40 | 2/19/21 | $2.40 | 8.96% | |
| VLO Mar 26 $60 call | in-the-money | 2/10/21 | $6.50 | 3/26/21 | $6.50 | 12.10% | |
| CVX Apr 1 $95.50 call | in-the-money | 2/19/21 | $4.30 | 4/1/21 | $4.30 | 5.02% | |
| AGNC Jun 18 $17 call | out-of-money | 4/13/21 | $0.50 | 6/18/21 | $0.50 | 3.21% | |
| KKR Jun 18 $55 call | in-the-money | 4/28/21 | $3.00 | 6/18/21 | $3.00 | 6.25% | |
| USB Jun 16 $57.50 call | out-of-money | 4/28/21 | $2.80 | 6/18/21 | $2.80 | 5.24% | |
| DLR Jul 16 $155 call | in-the-money | 6/16/21 | $8.00 | 7/16/21 | $8.00 | 5.36% | |
| AGNC Aug 20 $17 call | out-of-money | 6/23/21 | $0.50 | 8/20/21 | $0.50 | 3.00% | |
| OKE Aug 20 $57.50 call | out-of-money | 6/23/21 | $3.50 | 8/20/21 | $3.50 | 6.67% | |
| NEE Sep 17 $80 call | in-the-money | 8/11/21 | $3.50 | 9/17/21 | $3.50 | 4.75% | |
| BIP Oct 15 $55 call | in-the-money | 9/01/21 | $2.00 | 10/15/21 | $2.00 | 3.95% | |
| USB Nov 19 $60 call | out-of-money | 9/24/21 | $2.30 | 11/19/21 | $2.30 | 4.30% | |
| OKE Nov 26 $65 call | out-of-money | 10/20/21 | $2.25 | 11/26/21 | $2.25 | 4.28% | |
| KKR Dec 17 $75 call | out-of-money | 10/26/21 | $3.50 | 12/17/21 | $3.50 | 5.42% | |
| QCOM Jan 21 $185 Call | out-of-money | 11/30/21 | $9.65 | 1/21/22 | $9.65 | 7.17% | |
| OLP Feb 18 $35 Call | out-of-money | 11/19/21 | $1.50 | 2/18/22 | $1.50 | 4.94% | |
| OKE Feb 18 $60 Call | in-the-money | 1/5/22 | $2.75 | 2/18/22 | $2.75 | 5.24% | |
| USB Feb 25 $61 call | out-of-money | 1/13/22 | $2.50 | 2/25/22 | $2.50 | 4.68% | |
| VLO Feb 25 $83 call | in-the-money | 1/18/22 | $4.20 | 2/25/22 | $4.20 | 6.13% | |
| EPD Apr 14th $24 call | in-the-money | 3/2/22 | $1.25 | 4/14/22 | $1.25 | 5.69% | |
| FSK Apr 14th $22.50 call | in-the-money | 3/10/22 | $0.90 | 4/14/22 | $0.90 | 4.09% | |
| XEL May 20th $70 call | in-the-money | 3/30/22 | $3.00 | 5/20/22 | $3.00 | 4.76% | |
| SBLK July 15th $134 call | out-of-money | 6/1/22 | $1.60 | 7/15/22 | $1.60 | 4.80% | |
| OKE Oct 21st $65 call | out-of-money | 8/24/22 | $3.40 | 10/21/22 | $3.40 | 5.22% | |
| OKE Jan 20th $65 call | In-the-money | 11/25/22 | $3.70 | 1/20/23 | $3.70 | 5.68% | |
| XEL Jan 20th $65 call | in-the-money | 11/25/22 | $5.00 | 1/20/23 | $5.00 | 7.99% | |
| O Feb 17th $62.50 call | in-the-money | 12/28/22 | $3.00 | 2/17/23 | $3.00 | 4.97% | |
| QCOM Sep 16th $145 call | out-of-money | 7/20/22 | $11.75 | 9/16/22 | $11.75 | 8.73% | |
| V Mar 17th $220 call | out-of-money | 1/24/23 | $12.00 | 3/17/23 | $12.00 | 5.51% | |
| OKE May 19th $65 call | out-of-money | 4/11/23 | $2.70 | 5/19/23 | $2.70 | 4.43% | |
| V Jun 2 $230 call | out-of-money | 4/21/23 | $10.50 | 6/2/23 | $10.50 | 4.82% | |
| BIPC $45 July 21st call | in-the-money | 5/23/23 | $3.25 | 7/21/23 | $3.25 | 7.66% | |
| V $235 Aug 18th call | in-the-money | 7/11/23 | $9.00 | 8/18/23 | $9.00 | 4.13% | |
| GSL $20 Aug 18th call | out-of-money | 7/11/23 | $1.25 | 8/18/23 | $1.25 | 5.00% | |
| OKE $65 Sep 15 call | in-the-money | 9/15/23 | $3.20 | 7/25/23 | $3.20 | 4.92% | |
| INTC $35 Oct 20th call | out-of-money | 9/8/23 | $3.78 | 10/20/23 | $3.78 | 9.41% | |
| HES $155 Oct 20th call | in-the-money | 9/8/23 | $9.00 | 10/20/23 | $9.00 | 6.81% | |
| DLR $135 Jan 19th call | in-the-money | 11/22/23 | $6.00 | 1/19/24 | $6.00 | 5.11% | |
| INTC $42.50 Jan 19th call | in-the-money | 11/29/23 | $3.50 | 1/19/24 | $3.50 | 8.71% | |
| ABBV $160 Mar 15th call | in-the-money | 1/10/24 | $7.00 | 3/15/24 | $7.00 | 4.94% | |
| MPC $165 Mar 28th call | in-the-money | 2/14/23 | $10.00 | 3/28/24 | $10 | 6.69% | |
| QCOM $170 Apr 26th call | out-of-money | 3/12/24 | $10.00 | 4/26/24 | $10 | 7.42% | |
| WMB $35 May 17th call | in-the-money | 3/12/24 | $2.00 | 5/17/24 | $2 | 5.62% | |
| QCOM $200 July 19th call | out-of-money | 6/5/24 | $12.00 | 7/19/24 | $12 | 8.91% | |
| MAIN $49.4 Sep 20th Call | in-the-money | 6/27/24 | $2.00 | 9/20/24 | $2 | 4.31% | |
| BIPC $35 Sep 20th Call | in-the-money | 7/16/24 | $3.00 | 9/20/24 | $3 | 9.19% | |
| AMT Sep 20 $210 call | in-the-money | 7/30/24 | $15.00 | 9/20/24 | $15 | 7.42% | |
| OKE Oct 18 $87.50 call | in-the-money | 8/27/24 | $3.50 | 10/18/24 | $3.50 | 4.40% | |
| FSK Dec 20 $20 call | in-the-money | 10/25/24 | $0.95 | 12/20/25 | $0.95 | 4.89% | |
| CEG Dec 29 $260 call | out-of-money | 9/25/24 | $24.00 | 12/20/24 | $24 | 12.24% | |
| EPD Jan 17 $29 call | in-the-money | 11/12/24 | $2 | 1/17/25 | $2 | 6.34% | |
| CEG Mar 21 $20 call | Buyback | 1/7/25 | $20.00 | 3/4/25 | $16.50 | 8.41% | |
| CQP Mar 21 $60 call | in-the-money | 1/22/25 | $3.00 | 3/21/25 | $3.00 | 5.66% | |
| QCOM Mar 21 $160 call | out-of-money | 1/7/25 | $10.00 | 3/2/25 | $11.00 | 8.17% | |
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