Today, 9/30/10, I BTC 5 BP Oct10 35 Covered Calls and STO 5 BP Jan13 40 Covered Calls for a net deposit of $932.31 in an IRA account.  My basis for these BP shares is now 57.76, excluding dividends received.  These option transactions represent a simple return of about 3.13% and an annualized return of [...]

Today, 9/27/10, I sold 2 C Mar11 4 Puts for a net deposit of $74.47 in an IRA account.  My basis for these C shares would be 3.63 if put to me.  This transaction represents about a 9.17% simple return and about a 19.43% annualized return on my basis. I wrote a short time ago [...]

Today, 9/27/10, I sold 4 PDS Mar11 10 Covered Calls for a net deposit of $86.95 in an IRA account.  My basis for these PDS shares is now 23.76, excluding dividends received.  This transaction represents about a .91% simple return and an annualized return of about 1.92% on my basis. Until last March I had [...]