Today, 8/25/10, I sold 7 BAC Oct10 14 Covered Calls for a net deposit of $131.66 in an IRA account.  My basis for these BAC shares is now 20.34, excluding dividends received. As of 6/19/10, S&P currently has a 12 month target of $22 for BAC, down from an earlier target of $26, with a [...]

Today, 8/25/10, I sold 2 KFT Dec10 31 Covered Calls for a net deposit of $92.47 in an IRA account.  My basis for these KFT shares is now 28.40, excluding dividends received. S&P continues to have a 12 month target of $30 for KFT.  MarketEdge has a price opinion of 30.48 for KFT.  KFT has [...]

Yesterday, 8/24/10, I BTC 1 BP Oct10 49 Put and STO 1 Jan12 47.50 Put for a net deposit of $140.43 in my taxable account.  My basis for these BP shares, if put to me, would now be 44.93, excluding trading costs.  These transactions represent a simple return of about 2.69% and an annualized return [...]