The Covered Call Analyzer

AGGRESSIVE "STOCKS-TO-CONSIDER" for June, 2008

 

NOTE: In April 2008, we have increased this list from 10 to 20 and reduced the money available from $10,000 to $5,000 for each stock purchase. The text in the table below is what the Analyzer provides for each buy/write. The Comments row will provide what happened to each of these buy/writes next month on expiration weekend.

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Buy 400 shares of FIRSTFED FINANCIAL CORP (FED) at $10.55  (closing last trade price) and sell 4 contracts of FED GV (Jul$12.50) at $0.70 (closing bid price) expiring on 7/19/2008. Cost is $4,240, and income from sale of the calls is $264 and includes your commissions.  Annualized return if called is 315%.

Comments:

Exercised get out price at $8.97 (-15%) on June 27 after buying back calls at $0.05. Final value including sale of all calls is $3,816, down (10.0%)

Buy 300 shares of WESTERN REFINING INC (WNR) at $12.60  (closing last trade price) and sell 3 contracts of WNR GC (Jul$15.00) at $0.75 (closing bid price) expiring on 7/19/2008. Cost is $3,800, and income from sale of the calls is $211 and includes your commissions.  Annualized return if called is 313%.

Comments:

Exercised get out price at $10.71 (-15%) on July 2 after buying back calls at $0.05. Final value including sale of all calls is $3,394, down (10.7%)

Buy 300 shares of GUSHAN ENVIRON ENGY ADR (GU) at $12.60  (closing last trade price) and sell 3 contracts of GU GC (Jul$15.00) at $0.60 (closing bid price) expiring on 7/19/2008. Cost is $3,800, and income from sale of the calls is $166 and includes your commissions.  Annualized return if called is 297%.

Comments:

Not called on July 19. Will now sell Aug15 at $0.35. Price at $12.53 and value at $4,015 , up 5.7% on July 19 including sale of all calls. Not called on August 16.  Sold all shares at $12.25 to close out position on August 16. Final value including sale of all calls is $3,841, up 1.1%.

Buy 300 shares of CHINA SECURITY & SURV (CSR) at $15.11  (closing last trade price) and sell 3 contracts of CSR GW (Jul$17.50) at $0.60 (closing bid price) expiring on 7/19/2008. Cost is $4,553, and income from sale of the calls is $166 and includes your commissions.  Annualized return if called is 247%.

Comments:

Not called on July 19. Will now sell Aug17.5 at $0.25. Price at $14.54 and value at $4,588 , up 0.8% on July 19 including sale of all calls. Not called on August 16.  Sold all shares at $16.04 to close out position on August 16. Final value including sale of all calls is $4,978, up 9.3%.

Buy 200 shares of TESSERA TECHNOLOGIES (TSRA) at $17.45  (closing last trade price) and sell 2 contracts of TJQ GD (Jul$20.00) at $0.80 (closing bid price) expiring on 7/19/2008. Cost is $3,510, and income from sale of the calls is $147 and includes your commissions.  Annualized return if called is 237%.

Comments:

Exercised get out price at $14.83 (-15%) on July 11 after buying back calls at $0.05. Final value including sale of all calls is $3,090, down (12.0%)

Buy 200 shares of SOLARFUN POWER HLDGS ADR (SOLF) at $20.24  (closing last trade price) and sell 2 contracts of QFG GX (Jul$22.50) at $1.50 (closing bid price) expiring on 7/19/2008. Cost is $4,068, and income from sale of the calls is $287 and includes your commissions.  Annualized return if called is 230%.

Comments:

Exercised get out price at $17.20 (-15%) on July 2 after buying back calls at $0.05. Final value including sale of all calls is $3,704, down (8.9%)

Buy 400 shares of REGIONS FINANCIAL CORP (RF) at $11.22  (closing last trade price) and sell 4 contracts of RF GV (Jul$12.50) at $0.75 (closing bid price) expiring on 7/19/2008. Cost is $4,508, and income from sale of the calls is $284 and includes your commissions.  Annualized return if called is 224%.

Comments:

Exercised get out price at $9.54 (-15%) on July 11 after buying back calls at $0.05. Final value including sale of all calls is $4,064, down (9.8%)

Buy 200 shares of CHINA FINANCE ONLINE ADS (JRJC) at $18.25  (closing last trade price) and sell 2 contracts of JQJ GD (Jul$20.00) at $1.05 (closing bid price) expiring on 7/19/2008. Cost is $3,670, and income from sale of the calls is $197 and includes your commissions.  Annualized return if called is 187%.

Comments:

Not called on July 19. Will now sell Aug20 at $0.85. Price at $17.79 and value at $3,912 , up 6.6% on July 19 including sale of all calls. Not called on August 16.  Sold all shares at $15.66 to close out position on August 16. Final value including sale of all calls is $3,329, down (9.3%).

Buy 200 shares of BB&T CORP (BBT) at $24.70  (closing last trade price) and sell 2 contracts of BBT GY (Jul$27.50) at $0.90 (closing bid price) expiring on 7/19/2008. Cost is $4,960, and income from sale of the calls is $167 and includes your commissions.  Annualized return if called is 186%.

Comments:

Exercised get out price at $21.00 (-15%) on July 14 after buying back calls at $0.05. Final value including sale of all calls is $4,344, down (12.4%)

Buy 300 shares of GENERAL MOTORS CORP (GM) at $13.79  (closing last trade price) and sell 3 contracts of GM GC (Jul$15.00) at $0.87 (closing bid price) expiring on 7/19/2008. Cost is $4,157, and income from sale of the calls is $247 and includes your commissions.  Annualized return if called is 185%.

Comments:

Exercised get out price at $11.72 (-15%) on June 27 after buying back calls at $0.05. Final value including sale of all calls is $3,733, down

(10.2%)

Buy 300 shares of CONTINENTAL AIRLINES B (CAL) at $14.23  (closing last trade price) and sell 3 contracts of CAL GC (Jul$15.00) at $1.35 (closing bid price) expiring on 7/19/2008. Cost is $4,289, and income from sale of the calls is $391 and includes your commissions.  Annualized return if called is 183%.

Comments:

Exercised get out price at $12.10 (-15%) on June 23 after buying back calls at $0.05. Final value including sale of all calls is $3,991, down (6.9%)

Buy 200 shares of WELLS FARGO & CO (WFC) at $24.50  (closing last trade price) and sell 2 contracts of WFC GY (Jul$27.50) at $0.60 (closing bid price) expiring on 7/19/2008. Cost is $4,920, and income from sale of the calls is $107 and includes your commissions.  Annualized return if called is 182%.

Comments:

Called on July 19 at $27.50. Final value including sale of all calls is $5,587, up 13.6%.

Buy 100 shares of FOCUS MEDIA HOLDING LTD (FMCN) at $27.05  (closing last trade price) and sell 1 contracts of QOH GF (Jul$30.00) at $1.15 (closing bid price) expiring on 7/19/2008. Cost is $2,725, and income from sale of the calls is $104 and includes your commissions.  Annualized return if called is 181%.

Comments:

Not called on July 19. Will now sell Aug30 at $1.00. Price at $25.92 and value at $2,784 , up 2.2% on July 19 including sale of all calls. Not called on August 16.  Sold all shares at $26.25 to close out position on August 16. Final value including sale of all calls is $2,729, up 0.1%.

Buy 200 shares of TESORO CORPORATION (TSO) at $20.35  (closing last trade price) and sell 2 contracts of TSO GX (Jul$22.50) at $0.80 (closing bid price) expiring on 7/19/2008. Cost is $4,090, and income from sale of the calls is $147 and includes your commissions.  Annualized return if called is 178%.

Comments:

Exercised get out price at $17.30 (-15%) on June 30 after buying back calls at $0.05. Final value including sale of all calls is $3,584, down

(12.4%)

Buy 400 shares of EVERGREEN SOLAR INC (ESLR) at $11.66  (closing last trade price) and sell 4 contracts of QLU GV (Jul$12.50) at $0.80 (closing bid price) expiring on 7/19/2008. Cost is $4,684, and income from sale of the calls is $304 and includes your commissions.  Annualized return if called is 173%.

Comments:

Exercised get out price at $9.91 (-15%) on June 23 after buying back calls at $0.05. Final value including sale of all calls is $4,232, down (9.6%)

Buy 100 shares of CAPITAL ONE FINANCIAL CP (COF) at $40.90  (closing last trade price) and sell 1 contracts of COF GI (Jul$45.00) at $1.60 (closing bid price) expiring on 7/19/2008. Cost is $4,110, and income from sale of the calls is $149 and includes your commissions.  Annualized return if called is 171%.

Comments:

Not called on July 19. Will now sell Aug45 at $2.50. Price at $42.87 and value at $4,674 , up 13.7% on July 19 including sale of all calls. Not called on August 16.  Sold all shares at $43.95 to close out position on August 16. Final value including sale of all calls is $4,544, up 10.6%.

Buy 100 shares of INTEROIL CORP (IOC) at $33.33  (closing last trade price) and sell 1 contracts of IOC GG (Jul$35.00) at $2.90 (closing bid price) expiring on 7/19/2008. Cost is $3,353, and income from sale of the calls is $279 and includes your commissions.  Annualized return if called is 166%.

Comments:

Exercised get out price at $28.33 (-15%) on June 23 after buying back calls at $0.05. Final value including sale of all calls is $3,095, down (7.7%)

Buy 300 shares of VERIFONE HOLDINGS INC (PAY) at $13.80  (closing last trade price) and sell 3 contracts of PAY GC (Jul$15.00) at $0.60 (closing bid price) expiring on 7/19/2008. Cost is $4,160, and income from sale of the calls is $166 and includes your commissions.  Annualized return if called is 159%.

Comments:

Exercised get out price at $11.73 (-15%) on July 10 after buying back calls at $0.05. Final value including sale of all calls is $3,655, down (12.1%)

Buy 100 shares of PENN NATIONAL GAMING INC (PENN) at $37.04  (closing last trade price) and sell 1 contracts of UQN GH (Jul$40.00) at $1.90 (closing bid price) expiring on 7/19/2008. Cost is $3,724, and income from sale of the calls is $179 and includes your commissions.  Annualized return if called is 159%.

Comments:

Exercised get out price at $31.48 (-15%) on July 2 after buying back calls at $0.05. Final value including sale of all calls is $3,310, down (11.1%)

Buy 200 shares of KB HOME (KBH) at $18.21  (closing last trade price) and sell 2 contracts of KBH GD (Jul$20.00) at $0.60 (closing bid price) expiring on 7/19/2008. Cost is $3,662, and income from sale of the calls is $107 and includes your commissions.  Annualized return if called is 158%.

Comments:

Exercised get out price at $15.48 (-15%) on July 11 after buying back calls at $0.05. Final value including sale of all calls is $3,203, down (12.5%)

Income from sale of calls is +$3,715.

All positions closed out at August 16.

Cost of these ten (20) stocks is $80,982. At August 16, 2008 (expiration weekend), this list value is $76,223, down (5.9%).

*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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