Income Investor Plus
March 21, 2023

Safety First
With capital preservation as our most important priority, we begin as always with a focus on index covered calls, which mitigate company specific risk.
Writing covered calls on ETFs, such as QQQs, is attractive to conservative investors who may not have the time to monitor a selection of companies on a watchlist and wish to avoid risks associated with trading specific companies, such as earnings surprises.
Invesco QQQ Trust
An April covered call on QQQ at strike $306.00 using 300 shares is offering an income potential of $2940. In May, a strike $306.00 covered call offers $4200 and in June, a strike $306.00 covered call offers $5166 in premium.
The annualized return by writing covered calls in April is 37.75%, in May is 29.20% and in June is 24.72%.
Chart for QQQ
Technology Focus: Income Opportunities
Qualcomm Inc
An April covered call on QCOM at strike $122.00 using 300 shares is offering an income potential of $1560. In May, a strike $125.00 covered call offers $1980 and in June, a strike $125.00 covered call offers $2355 in premium.
The annualized return by writing covered calls in April is 50.87%, in May is 34.86% and in June is 28.58%.
Chart for QCOM
Intel Corp
An April covered call on INTC at strike $29.50 using 300 shares is offering an income potential of $354. In May, a strike $30.00 covered call offers $468 and in June, a strike $30.00 covered call offers $564 in premium.
The annualized return by writing covered calls in April is 48.13%, in May is 34.37% and in June is 28.58%.
Chart for INTC
Healthcare Focus: Income Opportunities
UnitedHealth Group Inc
An April covered call on UNH at strike $477.50 using 300 shares is offering an income potential of $4260. In May, a strike $480.00 covered call offers $5535 and in June, a strike $480.00 covered call offers $6855 in premium.
The annualized return by writing covered calls in April is 35.02%, in May is 24.45% and in June is 20.86%.
Chart for UNH
Humana Inc
An April covered call on HUM at strike $495.00 using 300 shares is offering an income potential of $4680. In May, a strike $495.00 covered call offers $6840 and in June, a strike $500.00 covered call offers $7590 in premium.
The annualized return by writing covered calls in April is 37.18%, in May is 29.38% and in June is 22.36%.
Chart for HUM
Consumer Staples Focus: Income Opportunities
Walmart Inc
An April covered call on WMT at strike $141.00 using 300 shares is offering an income potential of $1050. In May, a strike $145.00 covered call offers $990 and in June, a strike $145.00 covered call offers $1275 in premium.
The annualized return by writing covered calls in April is 29.09%, in May is 14.60% and in June is 12.90%.
Chart for WMT
Procter & Gamble Co
An April covered call on PG at strike $146.00 using 300 shares is offering an income potential of $888. In May, a strike $150.00 covered call offers $678 and in June, a strike $150.00 covered call offers $960 in premium.
The annualized return by writing covered calls in April is 23.73%, in May is 9.61% and in June is 9.33%.
Chart for PG
Consumer Discretionary Focus: Income Opportunities
Amazon.com Inc
An April covered call on AMZN at strike $98.00 using 300 shares is offering an income potential of $1320. In May, a strike $100.00 covered call offers $1815 and in June, a strike $98.00 covered call offers $2475 in premium.
The annualized return by writing covered calls in April is 53.84%, in May is 40.15% and in June is 38.24%.
Chart for AMZN
Industrials Focus: Income Opportunities
Boeing Co
An April covered call on BA at strike $205.00 using 300 shares is offering an income potential of $2625. In May, a strike $205.00 covered call offers $3945 and in June, a strike $205.00 covered call offers $4785 in premium.
The annualized return by writing covered calls in April is 50.87%, in May is 41.73% and in June is 35.05%.
Chart for BA
Roper Technologies Inc
An April covered call on ROP at strike $440.00 using 300 shares is offering an income potential of $2340. In May, a strike $440.00 covered call offers $4110 and in August, a strike $440.00 covered call offers $7350 in premium.
The annualized return by writing covered calls in April is 20.99%, in May is 19.89% and in August is 14.53%.
Chart for ROP
Materials Focus: Income Opportunities
Newmont Corp
An April covered call on NEM at strike $48.00 using 300 shares is offering an income potential of $639. In May, a strike $50.00 covered call offers $660 and in June, a strike $50.00 covered call offers $813 in premium.
The annualized return by writing covered calls in April is 53.15%, in May is 29.32% and in June is 24.93%.
Chart for NEM
Ecolab Inc
An April covered call on ECL at strike $160.00 using 300 shares is offering an income potential of $840. In May, a strike $160.00 covered call offers $1620 and in July, a strike $160.00 covered call offers $2460 in premium.
The annualized return by writing covered calls in April is 20.76%, in May is 21.78% and in July is 16.44%.
Chart for ECL
Utilities Focus: Income Opportunities
MGE Energy Inc
An August covered call on MGEE at strike $80.00 using 300 shares is offering an income potential of $330.
The annualized return by writing covered calls in August is 3.46%.
Chart for MGEE
Duke Energy Corp
An April covered call on DUK at strike $97.50 using 300 shares is offering an income potential of $720. In May, a strike $100.00 covered call offers $660 and in June, a strike $97.50 covered call offers $1200 in premium.
The annualized return by writing covered calls in April is 28.86%, in May is 14.05% and in June is 17.79%.
Chart for DUK
Telecommunications Focus: Income Opportunities
T-Mobile US Inc
An April covered call on TMUS at strike $146.00 using 300 shares is offering an income potential of $1215. In May, a strike $150.00 covered call offers $1395 and in June, a strike $150.00 covered call offers $1770 in premium.
The annualized return by writing covered calls in April is 32.62%, in May is 20.07% and in June is 17.50%.
Chart for TMUS
Cisco Systems Inc
An April covered call on CSCO at strike $51.00 using 300 shares is offering an income potential of $351. In May, a strike $52.50 covered call offers $420 and in June, a strike $52.50 covered call offers $540 in premium.
The annualized return by writing covered calls in April is 26.80%, in May is 17.22% and in June is 15.18%.
Chart for CSCO
Invest Wisely,
The Financhill Team
* Prices quoted were as of time of writing and may not be current.

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