Today, 11/21/11, I sold 1 FCX Nov 25, 2011w $37 and 2 Dec11 $40  Covered Calls for a net deposit of $154.72, two in my taxable account and one in an IRA account.  My basis for these FCX shares is now $33.43, $37.74 and $36.73 respectively.  These transactions represents simple returns of about 1.13%, 1.52% [...]

Today, 11/21/11, I sold 8 YHOO Jan12 $19 Covered Calls for a net deposit of $209.94 in an IRA account.  My basis for these YHOO shares is now $15.81.  This trade provides a simple return of about a 1.63% and an annualized return of about 9.77% on my prior basis. There are still some rumors [...]

Today, 11/21/11, I sold 2 OLN Feb12 20.00 Covered Calls for a net deposit of $170.48 in my Taxable account.  My basis for these shares is now $17.77.  This transaction yields a simple return of about 4.55% and an annualized return of about 18.67% on my prior basis. These OLN shares were assigned to me [...]