Monday, June 23, 2008

XHB and AUY Additional Calls Sold Today

STO 1 contract 16 AUYJul 08 0.30 net $21.74
Uncalled 1.3%
Will post called when closed, several months of calls

STO 1 contract 19 XHBJul08 0.40 net $31.74
Uncalled 1.6%
Will post called when closed, several months of calls

Decided to take the lower near month income rather than sell out month and buy back for higher return - near term is lower risk and requires less management effort

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