Covered Call Analyzer AGGRESSIVE "STOCKS-TO-CONSIDER"
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.
|
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. |
$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. |
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|
NASTECH PHARMACEUTIC |
$11.95 |
800 |
$9,580 |
QUHGV |
$0.65 |
$498 |
12.5 |
10% |
+$918 | -10% | |
|
Comments: |
Called in July at $12.50. |
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|
INFOSPACE INC. |
$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.. |
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|
PDL BIOPHARMA INC. |
$24.68 |
400 |
$9,892 |
PQIGE |
$1.60 |
$624 |
25 |
7% |
+$732 | +7% | |
|
Comments: |
Called in July at $25.00. |
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|
CYPRESS BIOSCIENCE |
$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. |
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| BRIGHTPOINT INC |
$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. |
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|
OVERSTOCK.COM INC. |
$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. |
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|
STILLWATER MINING CO |
$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. |
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|
DELTA PETROLEUM CORP |
$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. |
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|
MARCHEX INC. CLASS |
$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. |
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|
Income from sale of calls is +$7,114. |
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|
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). |
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*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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