UPDATE: May 20, 2017
 

I am placing a new trade in my ROTH for Monday morning:
 

STO 1 ETE Jun23 19.50 call
@ 0.35 credit limit day
 

Own 100 shares @ $19.00
ETE @ $18.62
 

UPDATE: May 19, 2017
 

Today was expiration day for my covered call contract (see below). The stock ended trading at $18.62 making the covered calls expiring worthless. Tomorrow, the contract will be removed from our account and we keep the premium of 0.25 or $25 dollars.

Also, since we held the shares through the ex-dividend day, we will collect 0.285 dividend per share or $28.5 for this trade (100 shares). The dividend will be automatically re-invested using DRIP program and new shares will be purchased.

Last time we bought 1.504 fractional shares which now bear dividends (which also will be reinvested). Thus I expect addition of new 1.554 fractional shares to my holdings. In total I will now hold 103.05 shares.

I will keep selling covered calls and eventually I will be assigned and sell the shares. If not though, I will keep holding the stocks, collect dividends, and sell covered calls.

Here are updated results of this trade cycle (Note, that I consider a cycle a trade when you start selling puts as long as you get assigned, then buy the stock, collect dividends and start selling covered calls. The cycle ends when the covered calls are assigned and you sell the stock. You begin the new cycle by selling new puts again.).
 

UPDATE: May 01, 2017
 

As I mentioned below I got assigned to 100 of ETE as was planned for this trade (so this wasn’t an unwanted early assignment) last Saturday.
 

Today morning, I sold the first covered call contract against ETE. This time the goal is to retain the shares until the ex-dividend day. The ex-day was announced to be May 8th, 2017 (Monday). After that I can start selling covered calls with an intention of getting rid of the shares.

 
Here is the trade detail:
 

STO 1 ETE May19 19.50 call
@ 0.25 credit
 

UPDATE: Apr 28, 2017
 

The stock ended trading day today below $19.00 a share ($18.66 to be exact) making my puts ending in the money (ITM). Tomorrow I will be an owner of 100 shares of ETE.

Now, I will start selling covered calls again as long as I get assigned and sell the stock.

UPDATE: Apr 27, 2017
 

Tomorrow is expiration day for this trade. The stock (ETE) is hoovering around $19.00 a share (yesterday, it was at around $19.50 and as of now it is at $18.90 +/-).
 

If the stock stays above $19.00 a share, the put options will expire worthless and we will wait for ex-dividend date announcement (again, the expectation based on the previous season is May 5th to be the ex-date). If so, we will be buying 100 shares out right on Thursday May 4th. If the ex-date will be after May 5th (Friday), let’s say Monday, May 8th, I may attempt to sell new puts for Friday, May 8th expiration. otherwise, again, we will purchase shares outright.
 

If the stock ends below $19.00 a share we will get assigned and buy 100 shares of ETE tomorrow.

 
ORIGINAL TRADE: Apr 10, 2017
 

As my old triple play trade ended last week I am entering a new cycle against Energy Transfer Equity, L.P. (ETE).

I am selling a put option with April 28 expiration to collect premium and hopefully get assigned to the stock. If assigned, I will keep the stock, collect the dividend, and sell covered calls.

The expected ex-date for ETE is May 5th (not confirmed) so my April 28 puts must get assigned. If not, I let them expire worthless, wait until Wednesday or Thursday (based on the announced ex-date) and buy 100 shares directly (as there is no expiration available prior to ex-date except April 28).

 
Here is the trade:
 

STO 1 ETE Apr28 19.00 puts
@ 0.32 credit limit day