Today, 5/26/11, I sold 1 MSFT Jan13 30 Covered Call for a net deposit of $105.24 in an IRA account.  My basis for these MSFT shares is now 26.54.  This transaction represents a simple return of about 3.81% and an annualized return of about 2.30% on my potential basis. This is my second Covered Call [...]

Today 5/25/11, I sold 4 NLY Jan12 19 Covered Calls for a net deposit of $50.95 in an IRA account.  My basis for these NLY shares is now 16.98, excluding dividends received. I would prefer to have sold Calls with an earlier expiration date but I needed to go further out in order to get [...]

Today, 5/24/11 I sold 2 ETFC Oct11 17 Covered Call for a net deposit of $98.48 in an IRA account.  My basis for these ETFC shares is now 85.53.  This transaction represents a simple return of about .57% and an annualized return of about 1.38% on my prior basis.  Not a great return by any [...]