Covered Call Analyzer AGGRESSIVE "STOCKS-TO-CONSIDER"

for August, 2007

 

NOTE: We had temporarily suspended out get-out rule (at -15%) between July 25 and September 22, 2007 because of the volatility in the markets. We have reinstated the get-out rule effective September 22 (expiration weekend). Any open positions on any list or portfolio will be sold if their price drops 15% below the stock price at September 22.

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Company Name

Stock Symbol

Stock Price

# of shares

Total Cost*

 Option Symbol

 Sep

 Option Price

Income from sale*

Strike Price

Projected return if Called after one month*

Actual 

$ 

return*

Actual 

% 

Return*

BEAZER HOMES USA IN

BZH

$11.09

800

$8,892

BZHIV

$1.40

$1,098

12.5

25%

 ($578) -6%

Comments:

Not called in September. Price at $10.06 on 9/22/2007. Will now sell Oct12.5 at $0.55. Exercised get-out price at $8.55 on September 25 after calling back calls at $0.05.

COUNTRYWIDE FINANCIAL

CFC

$21.43

400

$8,592

CFCIX

$2.55

$1,004

22.5

16%

 ($792) -9%

Comments:

Not called in September. Price at $19.61on 9/22/2007. Will now sell Oct22.5 at $0.40. Exercised Get-out price at $16.67 on October 18 after buying back calls at $0.05.

IMMERSION CORPORATION

IMMR

$13.72

700

$9,624

IMUIC

$0.90

$610

15

15%

 +$1,990 +21%

Comments:

Not called in September. Price at $14.72 on 9/22/2007. Will now sell Oct15 at $0.75. Called in October at $25.00.

TASER INTERNATIONAL

TAZR

$14.10

700

$9,890

QURIC

$1.00

$680

15

13%

 +$1,292  +13% 

Comments:

Called in September at $15.00.

DILLARD DEPARTMENT STORES

DDS

$23.25

400

$9,320

DDSIE

$1.25

$484

25

12%

($1,716) -18%

Comments:

Not called in September. Price at $21.06 on 9/22/2007. Will now sell Oct25 at $0.20. Not called in October. Price at $20.85 on 10/20/2007. Will now sell Nov25 at $0.30. Stock price hit get out price of $17.90 during expiration week. Rather than buying back calls, we held the stock until after expiration and then sold all shares at $17.33 to close out position.
LEAR CORPORATION

LEA

$28.36

300

$8,528

LEAIF

$1.85

$541

30

12%

 +$1,013 +12%

Comments:

Called in September at $30.00.

USEC INC.

USU

$14.31

600

$8,606

USUIC

$1.00

$581

15

11%

 ($2,649) -31%

Comments:

Not called in September. Price at $10.40 on 9/22/2007. Will now sell Oct15 at $0.20. Exercised get-out price at $8.84 on October 8 after calling back calls at $0.05.

PDL BIOPHARMA INC.

PDLI

$21.16

400

$8,484

PQIIX

$1.15

$444

22.5

11%

 ($560) -7%

Comments:

Not called in September. Price at $20.35 on 9/22/2007. Will now sell Oct22.5 at $0.35. Not called in October. Price at $20.04 on 10/20/2007. Will now sell Nov22.5 at $0.35. Not called in November. Sold all shares at $18.03 after expiration to close out position.

TERRA INDUSTRIES INC

TRA

$21.59

400

$8,656

TRAIX

$1.50

$584

22.5

11%

 +$928 +11%

Comments:

Called in September at $22.50.

OPEN TEXT CORPORATION

OTEX

$19.31

500

$9,675

QFTID

$1.45

$708

20

11%

 +$1,033 +11%

Comments:

Called in September at $20.00.

Income from sale of calls is +$8,170.

All positions closed out in November. Cost of these ten (10) stocks is $90,267. Return from premiums and appreciation is down ($41). Real return is +0.0% ($($41)/$90,267).

*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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