The Covered Call Analyzer

AGGRESSIVE "STOCKS-TO-CONSIDER" for April 18, 2009

(Out-of-the-Money Calls)

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Buy 700 shares of MGM MIRAGE INC (MGM) at $6.30  (closing last trade price) and sell 7 call Out-of-the-Money contracts of MGM EU (May$7.50) at $0.85 (closing bid price) expiring on 5/16/2009. Cost is $4,430, and income from sale of the calls is $575 and includes your commissions.  Annualized return if called is 411%.

Comments:
Exercised get-out price at $5.36 (-15%) on Apri 20 after buying back calls at $0.05. Final value including sale of all calls is $4,271, down (3.6%).

Buy 400 shares of LINCOLN NATIONAL CORP (LNC) at $10.07  (closing last trade price) and sell 4 call Out-of-the-Money contracts of LNC EV (May$12.50) at $0.80 (closing bid price) expiring on 5/16/2009. Cost is $4,048, and income from sale of the calls is $304 and includes your commissions.  Annualized return if called is 404%.

Comments:

Called on May 16 at $12.50. Total return including call premium is $5,284, up 30.5%.

Buy 700 shares of UAL CORP (UAUA) at $6.45  (closing last trade price) and sell 7 call Out-of-the-Money contracts of UAL EU (May$7.50) at $0.55 (closing bid price) expiring on 5/16/2009. Cost is $4,535, and income from sale of the calls is $365 and includes your commissions.  Annualized return if called is 310%.

Comments:
Exercised get-out price at $5.48 (-15%) on Apri 30 after buying back calls at $0.05. Final value including sale of all calls is $4,145, down (8.6%).
Buy 700 shares of CANADIAN SOLAR INC (CSIQ) at $6.46  (closing last trade price) and sell 7 call Out-of-the-Money contracts of GQA EU (May$7.50) at $0.50 (closing bid price) expiring on 5/16/2009. Cost is $4,542, and income from sale of the calls is $330 and includes your commissions.  Annualized return if called is 298%.

Comments:

 Called on May 16 at $7.50. Total return including call premium is $5,560, up 22.4%.
Buy 700 shares of MECHEL OAO (MTL) at $6.68  (closing last trade price) and sell 7 call Out-of-the-Money contracts of MTL EU (May$7.50) at $0.50 (closing bid price) expiring on 5/16/2009. Cost is $4,696, and income from sale of the calls is $330 and includes your commissions.  Annualized return if called is 245%.

Comments:
Exercised get-out price at $5.68 (-15%) on Apri 30 after buying back calls at $0.05. Final value including sale of all calls is $4,250, down (9.5%).

Buy 100 shares of DIREXION SHRS ENRGY BULL (ERX) at $26.98  (closing last trade price) and sell 1 call Out-of-the-Money contracts of ERX EF (May$30.00) at $1.70 (closing bid price) expiring on 5/16/2009. Cost is $2,718, and income from sale of the calls is $159 and includes your commissions.  Annualized return if called is 212%.

Comments:
Not called on May 16. Price at $29.61 and value at $3,120 up 14.8% after the sale of all calls. Sold all shares at $29.61 on May 16, 2009 to close out position.

Buy 500 shares of KEYCORP (KEY) at $9.05  (closing last trade price) and sell 5 call Out-of-the-Money contracts of KEY EB (May$10.00) at $0.70 (closing bid price) expiring on 5/16/2009. Cost is $4,545, and income from sale of the calls is $333 and includes your commissions.  Annualized return if called is 226%.

Comments:
Exercised get-out price at $7.69 (-15%) on Apri 20 after buying back calls at $0.05. Final value including sale of all calls is $4,135, down (9.0%).

Buy 700 shares of EAGLE BULK SHIPPING INC (EGLE) at $6.89  (closing last trade price) and sell 7 call Out-of-the-Money contracts of QEK EU (May$7.50) at $0.55 (closing bid price) expiring on 5/16/2009. Cost is $4,843, and income from sale of the calls is $365 and includes your commissions.  Annualized return if called is 208%.

Comments:
Exercised get-out price at $5.86 (-15%) on Apri 20 after buying back calls at $0.05. Final value including sale of all calls is $4,411, down (8.9%).
Buy 500 shares of TAKE-TWO INTERA SOFTWARE (TTWO) at $9.38  (closing last trade price) and sell 5 call Out-of-the-Money contracts of TUO EB (May$10.00) at $0.65 (closing bid price) expiring on 5/16/2009. Cost is $4,710, and income from sale of the calls is $308 and includes your commissions.  Annualized return if called is 166%.

Comments:
Not called on May 16. Price at $8.81 and value at $4,713 up 0.1% after the sale of all calls. Sold all shares at $8.81 on May 16, 2009 to close out position.
Buy 300 shares of JAMES RIVER COAL COMPANY (JRCC) at $14.48  (closing last trade price) and sell 3 call Out-of-the-Money contracts of JQM EC (May$15.00) at $1.35 (closing bid price) expiring on 5/16/2009. Cost is $4,364, and income from sale of the calls is $391 and includes your commissions.  Annualized return if called is 157%.

Comments:

 Called on May 16 at $15.00. Total return including call premium is $4,871, up 11.6%.
Buy 500 shares of SANDRIDGE ENERGY INC (SD) at $9.34  (closing last trade price) and sell 5 call Out-of-the-Money contracts of SD EB (May$10.00) at $0.50 (closing bid price) expiring on 5/16/2009. Cost is $4,690, and income from sale of the calls is $233 and includes your commissions.  Annualized return if called is 151%.

Comments:

 Not called on May 16. Price at $9.94 and value at $5,203 up 10.9% after the sale of all calls. Sold all shares at $9.94 on May 16, 2009 to close out position.
Buy 400 shares of UBS AG (UBS) at $11.99  (closing last trade price) and sell 4 call Out-of-the-Money contracts of UBS EV (May$12.50) at $0.80 (closing bid price) expiring on 5/16/2009. Cost is $4,816, and income from sale of the calls is $304 and includes your commissions.  Annualized return if called is 132%.

Comments:

 Called on May 16 at $12.50. Total return including call premium is $5,284, up 9.7%.
Buy 300 shares of PENN VIRGINIA CORP (PVA) at $14.41  (closing last trade price) and sell 3 call Out-of-the-Money contracts of PVA EC (May$15.00) at $0.95 (closing bid price) expiring on 5/16/2009. Cost is $4,343, and income from sale of the calls is $271 and includes your commissions.  Annualized return if called is 128%.

Comments:

 Called on May 16 at $15.00. Total return including call premium is $4,750, up 9.4%.
Buy 200 shares of MCDERMOTT INTERNAT INC (MDR) at $16.98  (closing last trade price) and sell 2 call Out-of-the-Money contracts of MDR EW (May$17.50) at $1.30 (closing bid price) expiring on 5/16/2009. Cost is $3,416, and income from sale of the calls is $247 and includes your commissions.  Annualized return if called is 126%.

Comments:

 Called on May 16 at $17.50. Total return including call premium is $3,727, up 9.1%.
Buy 200 shares of GARMIN LTD (GRMN) at $22.00  (closing last trade price) and sell 2 call Out-of-the-Money contracts of GQR EX (May$22.50) at $1.40 (closing bid price) expiring on 5/16/2009. Cost is $4,420, and income from sale of the calls is $267 and includes your commissions.  Annualized return if called is 102%.

Comments:

 Not called on May 16. Price at $20.74 and value at $4,415 down (0.1%)after the sale of all calls. Sold all shares at $20.74 on May 16, 2009 to close out position.
Buy 200 shares of EXTERRAN HOLDINGS INC (EXH) at $21.91  (closing last trade price) and sell 2 call Out-of-the-Money contracts of EXH EX (May$22.50) at $1.20 (closing bid price) expiring on 5/16/2009. Cost is $4,402, and income from sale of the calls is $227 and includes your commissions.  Annualized return if called is 96%.

Comments:

 Exercised get-out price at $18.62 (-15%) on May 12 after buying back calls at $0.05. Final value including sale of all calls is $3,928, down (10.8%).
Buy 700 shares of GT SOLAR INTL INC (SOLR) at $6.74  (closing last trade price) and sell 7 call Out-of-the-Money contracts of RLQ EU (May$7.50) at $0.55 (closing bid price) expiring on 5/16/2009. Cost is $4,738, and income from sale of the calls is $365 and includes your commissions.  Annualized return if called is 241%.

Comments:

 Exercised get-out price at $5.73 (-15%) on May 13 after buying back calls at $0.05. Final value including sale of all calls is $4,320, down (8.8%).
Buy 500 shares of MARSHALL & ILSLEY CORP (MI) at $8.97  (closing last trade price) and sell 5 call Out-of-the-Money contracts of MI EB (May$10.00) at $0.70 (closing bid price) expiring on 5/16/2009. Cost is $4,505, and income from sale of the calls is $333 and includes your commissions.  Annualized return if called is 240%.

Comments:

 Exercised get-out price at $7.62 (-15%) on Apri 20 after buying back calls at $0.05. Final value including sale of all calls is $4,100, down (9.0%).
Buy 400 shares of OVERSTOCK.COM INC (OSTK) at $11.42  (closing last trade price) and sell 4 call Out-of-the-Money contracts of QKT EV (May$12.50) at $0.80 (closing bid price) expiring on 5/16/2009. Cost is $4,588, and income from sale of the calls is $304 and includes your commissions.  Annualized return if called is 203%.

Comments:

 Not called on May 16. Price at $10.82 and value at $4,632 up 1.0% after the sale of all calls. Sold all shares at $10.82 on May 16, 2009 to close out position.
Buy 400 shares of ROYAL CARIBBEAN CRUISES (RCL) at $11.98  (closing last trade price) and sell 4 call Out-of-the-Money contracts of RCL EV (May$12.50) at $1.10 (closing bid price) expiring on 5/16/2009. Cost is $4,812, and income from sale of the calls is $424 and includes your commissions.  Annualized return if called is 166%.

Comments:

 Called on May 16 at $12.50. Total return including call premium is $5,404, up 12.3%.

Income from sale of calls is +$6,044

All positions closed on May 16, 2009.
Cost of these ten (20) stocks is $88,160 . At May 16, 2009 (expiration weekend), this list value is $90,523, up 2.7%. The NASDAQ was up 0.4% for the period this list was open.

*After the effect of all commissions.
The stocks listed above are for illustrative and educational purposes only and should not be construed as an endorsement, recommendation, or solicitation to buy or sell any particular security.

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