WFC

Wells Fargo Call Writing Just Got Attractive

If you are a long-term income-focused investor, Wells Fargo continues to pay a big attractive dividend (3.4%). And the contrarian in you may even be considering buying more shares after it took another beating from Congress yesterday for its fake-account-opening scandal. But what you may not have considered is the sharp jump in premium for writing covered calls, and how this is a relatively low-risk options strategy for long-term investors to increase income.