Yesterday and today I sold Covered Calls on the various stocks whose Covered Calls expired in Jun08.  I don’t think any of these require additional discussion as I have written about them in various previous posts.  Enter the stock symbol in the search feature to find them if you have an interest.

These transactions represent $1382.75 in cash flow in addition to those which I have already written about yesterday and today.  Here are they are with quantity, stock, expiration type, strike price, Call/Put and net deposit amount.

• 4 YHOO Jul08 25 Calls - 109.00
• 4 TBI Jul08 15 Calls - 89.00
• 7 AUY Jul08 15 Calls - 365.75
• 2 LEH Jul08 25 Calls - 312.50
• 3 S Aug08 10 Calls - 19.75
• 2 BAC Jul08 30 Calls - 84.50
• 3 CKR Dec08 15 Calls - 139.75
• 2 PM Aug08 55 Calls - 30.50
• 2 IR Jul08 42.50 Calls - 50.50
• 2 IMB Oct08 2.50 Calls - 20.50
• 2 GOL Aug08 15 Calls - 60.50

After making the list I guess I should say that whenever possible I prefer to sell options which expire in the next month.  Sometimes that just doesn’t work for one reason or another, usually because I want to sell the call at a higher strike price and/or want to get a larger premium.  That explains why some of these expirations are further out.

Also, after todays action I see I may have some some with a strike price a little too close.  I’ve been feeling a little bearish lately and generally am expecting prices to stagnate for awhile.  I’ll just need to watch them and perhaps roll some of them out if I really don’t want to have the stock called away.  The notable excpetion here might be YHOO.  I think I might be okay if it gets called away at 25.  Although, something might be going on because YHOO was up .59 today.  As always, time will tell.