Implementing Dividend Arbitrage: Verizon Wireless

My favorite trade for low interest environments like those found today is dividend arbitrage. Dividend arbitrage is the process of buying fundamentally sound high yielding stocks and selling deep in the money covered calls. Selling deep in the money calls effectively doubles the amount of shares you can purchase, meaning 2x the dividends, without the use of leverage, and virtually eliminates your possibility for loss. In this post I will show you how you can implement dividend arbitrage on Verizon Wireless (VZ) common stock..... To read complete article please go to Seeking Alpha. http://seekingalpha.com/article/317047-implementing-dividend-arbitrage-verizon-wireless