Happy July Everyone!
Managing to generate income and lower basis using covered calls. The downside, for me, with using covered calls is losing opportunity for a nice gain. One can always buy the stock back, but I have not trained myself to this yet.
2012/06/29 S CLF 48.92
2012/06/29 SS LNKD 106.45
2012/07/06 CS LNKD 109.40
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2012/03/16 BOUGHT FCX 38.70
2012/03/23 BOUGHT FIO 29.1999
2012/05/04 BOUGHT CLF 58.90
2012/04/19 BOUGHT OXY 88.682012/04/27
SOLD OXY May 4, 2012 92.50 Call 1.100
2012/05/04 BASIS OXY 87.58
2012/06/07 S June 16, 2012 87.50C 1.05 (Expired)
2012/06/07 BASIS OXY 86.53
2012/07/03 S July 21, 2012 $90 Call 1.20 (Expired)
2012/07/03 BASIS OXY 85.33
2012/05/30 B SINA 54.25
2012/06/07 S June 16, 2012 57.50C 1.05
2012/05/07 BASIS SINA 53.20
2012/06/22 S June 29, 2012 55C 1.20
2012/06/22 BASIS SINA 52
2012/02/27 BOUGHT SODA 44.60
SOLD MAR42.50C 5.50 (Expired)
2012/03/16 BASIS SODA 39.30
2012/05/10 SOLD May 19 37.50C 1.30
2012/05/10 BASIS SODA 38
2012/06/22 S July 21, 2012 40C 1.10
2012/06/22 BASIS SODA 36.90
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