FTR/Jomp – I do like them back near $4, which is where we liked them a few years ago but we took the money and ran when they more than doubled (because we're not idiots).  Now they are cycling back down but still a nice, regional phone company that's fun to own with an 0.42 dividend (9%) so, in the LTP, let's add the following:

• Buy 4,000 shares of FTR at $4.68 ($18,720) 
• Sell 40 2018 $4.50 calls for 0.60 ($2,400) 
• Sell 40 2018 $4 puts for $0.65 ($2,600) 

?That's net $13,720 (1/4 allocation block) at $3.43/3.715 so, if we are assigned another 4,000, we'll average $3.715 on 8,000 ($29,720), which is a bit over half a block and, of course, our portfolio is doubled so blocks could be bigger now.  Meanwhile, if all goes well, we'll collect $1,680/yr in dividends while we wait, which is 12.2% of our $13,720 – a nice place to put our cash!