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This week’s big news on Wall Street is that Wells Fargo (NYSE: WFC) CEO John Stumpf decided to step down after mounting pressure from Capitol Hill and his own board of directors. While Stumpf wasn’t officially fired, it was clearly time for him to enter early retirement.
The bank ̶ one of the biggest in the U.S. ̶ is under intense scrutiny for opening more than 2 million unauthorized accounts.
Wells Fargo stock is down 10% since news of the $185 million settlement broke. Yet third-quarter earnings estimates for the company have dropped just 1%. The bank warns that its retail business will decline as a result of the negative news. So a further decline in profits could be on the horizon.
One of the best ways to earn more income from blue-chip stocks ̶ like Wells Fargo ̶ is with covered calls. However, this is a capital-intensive strategy. It costs $4,500 to buy 100 shares of Wells Fargo, which is required to write one covered call contract.
Poor Man’s Covered Calls is a better way to trade ̶ and requires far less capital.
That’s why Andy Crowder and I are hosting an exclusive training event to show you how it works.
Click here to RSVP – it’s 100% free for Daily Profit readers.
With Poor Man’s Covered Calls, you could make the same Wells Fargo trade for just 35% of the cost. That makes this a great strategy for investors with both big and small accounts.
Attend and see three live trades ̶ plus you’ll participate in our live Q&A session.
Please confirm your participation now by clicking here.
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*** Don’t Forget to RSVP Now ***
Poor Man’s Covered Calls could make a HUGE impact on your income in 2017.
Please don’t ignore this.
Just click here now to join next week’s 60-minute training event.
Have a great weekend!
Ian Wyatt
Richmond, Vermont