I initiated a poor man covered call on Verizon (VZ) to capitalize on its promising growth, particularly from its 5G network expansion and the potential acquisition of Frontier Communications. With Verizon's stock price at $42.60, I bought a call option at a $37 strike for long-term upside and sold a short-term call at $43.5 to generate immediate income. The strategy allows for limited risk while positioning for Verizon's growth.
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