Monday, May 11, 2009

SOLD COVERED CALLS ON DHR

DHR may roll over a little bit here so I had a 3% profit and decided to sell some deep in-the-money calls at $40. I garnered a $23.20 premium. Not bad for 5 days worth of work since the options expire this coming Friday.

Buying more SA at $20.75 has also paid off. I sold some May $25 calls for $0.30. Not much, but it is still money in the pocket.

Did you buy soem more SLV near $12.73? I did and have been rewarded. There may be a pivot showing up as of 5/11/2009. Selling some covered calls may be appropriate.

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