$HRL
HRL Covered Call
Filled View on X
Strategy
Covered Call
Entry date
May 7, 2026
Net
$1,825.00 debit
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Legs
| Action | Qty | Expiry | Strike | Type | Premium |
|---|---|---|---|---|---|
| Buy | 100 | - | - | Stock | $20.78 |
| STO | 1 | Jan 15, 2027 | 20.00 | Call | $2.48 |
Supporting documents
Trade thesis
Covered-call buy-write. Bought 100 shares of Hormel near $20.78 and sold the January 15, 2027 $20.00 call for about $2.48/share ($248) - net cost $18.25/share ($1,825). HRL pays a 5.63% dividend (~$1.17/share); the covered call adds about 11% (~$2.50/share) of income. Effective cost works down toward ~$17.08 by next January.