Today 12/19/11, I bought 100 NLY shares for a net cost of $1,640.98 in an IRA account.  My basis for these NLY shares is now $16.41. I already own 400 NLY shares in this account with Jan12 $19 Covered Calls on them.  Assuming that those Calls expire worthless next month I will combine them with [...]

Today, 12/19/11 I sold 2 ETFC Apr12 $10 Covered Call for a net deposit of $42.48 in an IRA account.  My basis for these ETFC shares is now $84.97.  This transaction represents a simple return of about .25% and an annualized return of about .74% on my prior basis.  Not a great return by any [...]

Today, 12/19/11, I sold 8 AA Apr12 $10.00 Covered Calls for a net option premium deposit of $361.94 in an IRA account.  My average basis for these AA shares is now $21.04, excluding dividends received.  This transaction represents a simple return of about 2.11% and an annualized return of about 6.25% on my prior basis, [...]