GIS - Conservative Income Play

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General Mills has been gaining a bit of strength crossing above it's 20 week moving average. Volatility is dead flat.

Transacting a June 25 67.5 buy/write, in addition to a 3.5% dividend results in this play producing in annualized rate of return in excess of 12%.

I do this kind of strategy in a qualified account as dividends received in a buy/write transaction may not be considered qualified dividends. Be sure to seek the advice of an investment adviser before trading any of my ideas.

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