I am still catching up from being on vacation for 17 days so I am still a little behind posting recent activity in my various accounts.  I think I can post everything today.

July has been an okay month for me.  Or was it?  I own 200 shares of IndyMac Bank (IDMC) and used to own 200 shares of Countrywide Financial Corp (CFC).  Of course the CFC is now 36 shares of Bank of America (BAC) which is a little better than CFC. 

As I wrote earlier, I was assigned 300 share of Yamana Gold (AUY) in an IRA account which I am okay with.  As document earlier I rolled out several Jul08 options that I did not want to be assigned or called away.  All of the rest of my Jul08 option positions expired worthless allowing me to keep all of the option premiums.  Here is the list of those options that expired.  Note that the Total Received column may be higher because it is the result of rolling out a prior option.  For example, the AGU Put was originally sold in Dec07 and rolled out three times before it finally expired in Jul08.  The actual net received was 8.72 per share or $1744.  Still not too bad though.  Also, where there are multiple rows for a stock each row represents a separate trading account.

Yesterday and today I sold Covered Calls on the various stocks whose Covered Calls expired in Jun08.  I don’t think any of these require additional discussion as I have written about them in various previous posts.  Enter the stock symbol in the search feature to find them if you have an interest.

These transactions represent $1382.75 in cash flow in addition to those which I have already written about yesterday and today.  Here are they are with quantity, stock, expiration type, strike price, Call/Put and net deposit amount.

• 4 YHOO Jul08 25 Calls – 109.00
• 4 TBI Jul08 15 Calls – 89.00
• 7 AUY Jul08 15 Calls – 365.75
• 2 LEH Jul08 25 Calls – 312.50
• 3 S Aug08 10 Calls – 19.75
• 2 BAC Jul08 30 Calls – 84.50
• 3 CKR Dec08 15 Calls – 139.75
• 2 PM Aug08 55 Calls – 30.50
• 2 IR Jul08 42.50 Calls – 50.50
• 2 IMB Oct08 2.50 Calls – 20.50
• 2 GOL Aug08 15 Calls – 60.50

After making the list I guess I should say that whenever possible I prefer to sell options which expire in the next month.  Sometimes that just doesn’t work for one reason or another, usually because I want to sell the call at a higher strike price and/or want to get a larger premium.  That explains why some of these expirations are further out.

Also, after todays action I see I may have some some with a strike price a little too close.  I’ve been feeling a little bearish lately and generally am expecting prices to stagnate for awhile.  I’ll just need to watch them and perhaps roll some of them out if I really don’t want to have the stock called away.  The notable excpetion here might be YHOO.  I think I might be okay if it gets called away at 25.  Although, something might be going on because YHOO was up .59 today.  As always, time will tell.

Most of the options I open for Jun08 expired worthless.  Most of them were Covered Calls which allowed me to in turn sell new Covered Calls on them.  In the interest of brevity, here is the list of expires with quantity, strike price and whether it was a Put or Call.  I will make additional posts shortly on specific stocks where I have something more to say about them.

Together, these expirations represent $3183.50 in prior deposits in my various accounts.

• 5 JOYG - 80 Put
• 2 PGH – 20 Put
•  7 AUY – 15 Call
• 2 BAC – 35 Call
• 3 CKR – 15 Call
• 51 FBR – 5 Call
• 1 FBR – 2.50 Call
• 2 GOL – 17.50 Call
• 2 IMB – 2.50 Call
• 2 IR – 52.50 Call
• 2 KFT – 35 Call
• 2 LEH – 30 Call
• 2 PM – 55 Call
• 3 S – 10 Call
• 4 TBI – 15 Call
• 4 YHOO – 30 Call