Today I sold 1 FCX May09 45 Covered Call for a net deposit of $57.25 in an IRA account.  My basis for these FCX shares is now 89.83, excluding dividends received. FCX has been trending up since the end of Dec08.  As you see, I am well underwater so don’t want these shares called away.  [...]

Today I sold 4 NLY Jul09 15 Covered Calls for a net deposit of $189.00 in an IRA account.  My basis for these NLY shares is now 11.02, excluding dividends received. When I placed this order, the Option was priced at .45 bid and .55 ask.  With the market generally moving up I decided to [...]

Today I sold 5 AUY Jun09 8 Covered Calls for a net deposit of $263.25 in an IRA account.  My basis for these AUY shares is now 5.15, excluding dividends received. I really like it when I can write about a stock where I am not underwater.  There don’t seem to be too many of [...]