Covered Call System Newsletter, Saturday, 05/13/2006 11:54:15 PM ET
New Covered-Call Candidates
HAVING TROUBLE PRINTING?
With the recent slump in share values, the number of favorable covered-call candidates is relatively low. In addition, the downtrend may continue for a few sessions, thus it is essential to be very selective when initiating any new positions.
Conservative (ITM) Covered-Calls for May 14, 2006
Aggressive (ATM/OTM) Covered-Calls for May 14, 2006
Stock Symbol - The stock to purchase for the covered-call
Last Price - The (stock) closing price on the day prior to the portfolio publishing date
Expiration Month, Strike Price, Option Ticker - Identifies the specific option to be sold
Open Interest - An indication of liquidity in the (sold) option series
Option bid - The (option) closing price on the day prior to the portfolio publishing date
% Gain if assigned - Amount of profit (based on position cost basis) with option exercised
% Downside Protection - Relative distance to cost basis, based on cash received from sold option