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Energy infrastructure company Kinder Morgan (KMI) has been a cash machine for us on 12 prior engagements writing puts and covered calls on the stock since 2014. It’s not an MLP, although the pipeline operator is a dividend gusher. This trade does not involve a dividend, but it does offer the potential to earn a 41% annualized return through October 14. Please email me ([email protected]) at any time with questions about how to use Forbes Premium Income Report . — J.D. Kinder Morgan (KMI) – Buy Write Buy 300 KMI Sell to Open 3 October 14 (weekly) $18 Calls Execute for Net Debit of $17.35 or lower Founded in 2006 by Richard D. Kinder and William V. Morgan, Houston, Tex.-based Kinder Morgan (KMI) operates more than 70,000 miles of pipelines that transport natural gas, crude oil, carbon dioxide, gasoline, and other refined products and chemicals. Its also handles bulk materials like ethanol, coal, petroleum coke and steel. Kinder Morgan operates Canada’s Trans Mountain pipeline system which transports crude oil and refined petroleum products from Edmonton, Alberta to terminals and refineries in British Columbia and Washington state. Kinder Morgan is expected to grow revenue 7.9% to $17.9 billion this year, […]
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