Today, 8/25/11, I sold 3 BAC Sep 2, 2011 $8 Puts for a net deposit of $92.73 in taxable account.  My basis for these BAC shares would be about $7.75 if Put to me.  This transaction represents a simple return of about 3.99% and an annualized return of about 181.91% with 8 days to expiration. [...]

Today, 8/24/11, I sold 2 Sep11 TIE $15 Calls for a net deposit of $48.48 in an IRA account.  My basis for these TIE shares is now $14.715.  This transaction represent a simple return of about 1.62% and an annualized return of about 20.39% if held to expiration. I had wanted to sell a higher [...]

Today, 8/23/11, I BTC 5 PDS Sep11 $8 Covered Calls and STO 5 PDS Mar12 $8 Covered Calls for a net deposit of $107.36 of option premiums in an IRA account.  My basis for these PDS shares is now $18.68, excluding dividends received.  This transaction represents about a 1.14% simple return and an annualized return [...]