Covered Call Analyzer AGGRESSIVE "STOCKS-TO-CONSIDER"

for June, 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.

Close Window

Company Name

Stock Symbol

Stock Price

# of shares

Total Cost*

 Option Symbol

 Jul

 Option Price

Income from sale*

Strike Price

Projected return if Called after one month*

Actual 

$ 

return*

Actual 

% 

Return*

PENWEST PHARM.

PPCO

$13.53

700

$9,491

OGQGC

$0.70

$470

15

16%

 ($1,915) -20%

Comments:

Not called in July. Price at $12.51 on 7/21/2007. Will now sell Aug15 at $0.25. Not called in August. Price at $12.47 on 8/18/2007. Will now sell Sep15 at $0.45. Not called in September. Price at $10.81 on 9/22/2007. Will now sell Oct12.5 at $0.40. Note that we have lowered the strike price. Exercised get-out price at $9.19 on October 8 after calling back calls at $0.05.

NASTECH PHARMACEUTIC

NSTK

$11.95

800

$9,580

QUHGV

$0.65

$498

12.5

10%

 +$918 -10%

Comments:

Called in July at $12.50.

INFOSPACE INC.

INSP

$23.74

400

$9,516

IOUGE

$0.80

$304

25

8%

 ($1,964) -21%

Comments:

Not called in July. Price at $23.11 on 7/21/2007. Will now sell Aug25 at $0.45. Not called in August. Price at $15.03 on 8/18/2007. Will now sell Sep17.5 at $0.25. Note that we have lowered the strike price. Called in September at $17.50..

PDL BIOPHARMA INC.

PDLI

$24.68

400

$9,892

PQIGE

$1.60

$624

25

7%

 +$732 +7%

Comments:

Called in July at $25.00.

CYPRESS BIOSCIENCE

CYPB

$14.58

600

$8,768

QGYGC

$0.70

$401

15

7%

($715) -8%

Comments:

Not called in July. Price at $12.72 on 7/21/2007. Sold all shares at $12.72 to close out position.
BRIGHTPOINT INC

CELL

$14.43

600

$8,678

ULNGC

$0.50

$281

15

7%

 ($545) -6%

Comments:

Not called in July. Price at $13.10 on 7/21/2007. Will now sell Aug15 at $0.10. Not called in August. Price at $12.04 on 8/18/2007. Will now sell Sep12.5 at $0.55. Note that we have lowered the strike price. Called in September at $12.50.

OVERSTOCK.COM INC.

OSTK

$19.34

500

$9,690

QKTGD

$0.75

$358

20

7%

 +$1,300 +13%

Comments:

Not called in July. Price at $19.59 on 7/21/2007. Will now sell Aug20 at $1.30. Called alled in August at $20.00.

STILLWATER MINING CO

SWC

$12.13

800

$9,724

SWCGV

$0.50

$378

12.5

7%

 ($950) -10%

Comments:

Not called in July. Price at $11.25 on 7/21/2007. Will now sell Aug12.5 at $0.30. Not called in August. Price at $8.57 on 8/18/2007. Will now sell Sep10 at $0.25. Note that we have lowered the strike price. Called in September at $10.00.

DELTA PETROLEUM CORP

DPTR

$22.17

400

$8,888

QHRGX

$1.10

$424

22.5

6%

 ($844) -9%

Comments:

Share price dropped below our get-out price at $18.84 (-15%) on July 16. Since it was within a week we decided to hold the stock to expiration so we would not have to buy back the calls. Sold all shares at $19.00 after expiration.

MARCHEX INC. CLASS

MCHX

$14.66

600

$8,816

QBBGC

$0.60

$341

15

6%

 ($1,722) -20%

Comments:

Not called in July. Price at $14.78 on 7/21/2007. Will now sell Aug15 at $0.65. Not called in August. Price at $9.35 on 8/18/2007. Will now sell Sep10 at $0.25. Not that we have lowered the strike price. Not called in September. Price at $9.09 on 9/22/2007. Will now sell Oct10 at $0.20. Called in October at $10.00.

Income from sale of calls is +$7,114.

All positions closed out in October, 2007. Cost of these ten (10) stocks is $93,043. Return from premiums and appreciation is up ($5,704). Real return is -6.1% ($5,704)/$93,043).
*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.

top