Author proposes using a 0% APR balance-transfer offer to borrow ~$12k upfront, buy Verizon for its ~7% dividend to cover the 5% transfer fee, and sell covered calls, arguing steady cashflow can service the loan.
VZ — LONG The author proposes taking a 0% APR 12-month balance-transfer offer of about $12k (with a $600 5% transfer fee) and buying 300 shares of Verizon at ~$39.65 instead of dollar-cost-averaging $1,250/month. The claimed mechanism is Verizon's ~7.07% dividend yield generating ~$800 over four quarters, which covers the transfer fee plus ~$200, while the author retains the shares and can sell out-of-the-money covered calls for extra income. The stated catalyst is the promotional 0% financing window, with the author noting they could repay early if assigned. The main stated risk is servicing the loan, which the author says their military pension and cashflow can cover.
Take out $12k and pay a $600 transfer fee
Buy 300 shares of Verizon at \~$39.65 a share
Dividend yield is \~7.07% so I’d get \~$800 over the four quarters which covers the transfer fee plus $200 bucks and I’d have control of the shares now.
This Reddit post, published January 26, 2026, features u/BumblebeeComplex2792 discussing VZ. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/BumblebeeComplex2792 · Tickers: VZ