Income trade on a Telecom

Shares of AT&T trade at $29.71 and the company has consistently paid a healthy dividend, even though shares are well off of their highs from the past few years. The 52 week low is at $26.08 at the March 2020 market lows, and since it's traded in a relatively tight range between $28-30.  

We sold the July $25 Puts on AT&T for $0.12 cents.  This sounds like a waste of time, but I'll take a free $12 for every contract we sell, and it's extremely unlikely we will get Put the stock. If we do get put the stock at a net cost of $24.88, we'd be more than happy to own a dividend aristocrat to make our money back which likely wouldn't take very long.