Today, 8/27/10, I sold 4 VLO Oct10 18 Covered Calls for a net deposit of $82.92 in an IRA account.  My basis for these VLO shares is now 34.07, excluding dividends received.  This transaction represents a simple return of about .61% and an annualized return of about 4.48% on my basis. S&P currently has reduced [...]

Today, 8/27/10, I sold 8 S Jan11 5 Covered Calls for a net deposit of $183.89 in an IRA account.  My basis for these S shares is now 9.98. . I wrote the following in earlier posts: S&P has a 12 month price target of $5 for Sprint.  Jim Cramer recently featured Sprint on his [...]

Today, 8/27/10, I sold 1 FCX Nov10 85 Covered Call for a net deposit of $100.22 in an IRA account.  My basis for these FCX shares is now 85.48, excluding dividends received.  This transaction represents a simple return of about 1.16% and about 5.02% annualized on my basis. S&P currently has a 12 month price [...]