Options Trade – GSK PLC ADR (GSK)

Back in September 2022, I was put a 1000 shares of GSK PLC ADR (GSK) – trading at its 52-week low. My price for the trade was *$30.50 per share. The stock has been a good hold, paying a nice dividend every three months – but its share price has recently popped in price to the point I felt obligated to sell some covered calls today. Here is the trade:

• Sold: 10 March 15, 2024 Calls
• Strike Price: $42.00
• *Premium Collected: *$670.00

GSK goes ex-dividend on February 22, 2024 – so even if the shares are called away, I would receive one last dividend payment.

*Excludes transaction costs.