If we earn both dividends, and if the second one is $0.20, we would earn $1.54 per share on $32.80 per share at risk (4.7%) if WY closes above $34 at expiration on March 15. Over 36 days, that s an annualized return of 47.6%.
If we earn the dividend at the end of this month, and if WY closes above $32 at expiration on December 15, we will be assigned and our total return would be $0.99 per share on $31.20 per share at risk, or 3.17%. Over 29 days, that s an annualized return of 39.9%.