Yesterday, 6/21/10, I STO 2 VLO Aug10 20 Covered Calls for a net deposit of $150.94 in an IRA account.  My basis for these VLO shares is now 34.27, excluding dividends received. S&P currently has a 12 month target of $22 for VLO.  VLO has had a 52 week high of 21.54 and a low [...]

Yesterday, 6/21/10, I sold 7 BAC Aug10 17 Covered Calls for a net deposit of $299.65 in an IRA account.  My basis for these BAC shares is now 20.53. As of 6/19/10, S&P continues to have 12 month target of $26 for BAC.  They had a target of only $22 in early April.  The stock [...]

Yesterday, 6/21/10, I sold 4 PGF Dec10 17 Covered Calls for a net deposit of $66.94 in an IRA account.  My basis for these PGF shares is now 15.96, excluding dividends received. I sold these Calls so far out because I really don’t want them called away but if they are I want to make [...]