Guns and Cash - Todays Transactions

JPM BTO 300 shares @ 35.95
STO 3 32.5Jul08 @ 4.12
Net if Exercised 1.64% - Monthly 3.17% - Annual 37.41%

SWHC BTO 1000 shares @ 5.11
STO 10 5Aug08 @ .55
Not called 10.22% - Monthly 6.6% - Annual 77.71%
Called/Exercised 8.22% - Monthly 5.3% - Annual 62.5%

JPMs price tic finally broke through its fast MA (7day) so I bought ITM because of concern for earnings announcement on 17 Jul

I bought Smith Wesson (SWHC) because I believe the recent court ruling will result in additional hand gun sales. I do not like to buy stocks for less than $15 but I have made good money on SWHC in the past and it pays good cash as a CC.

New Transactions - APA, COST, AUY, TRA, RIMM, GE, VZ

All the following positions were established today either slightly or more deeply ITM. Therefore, the unexercised return is the same as the exercised return, within fractions of a % since the only difference is the commission on an assigned transaction. The net percentages given include all commissions. The current bear market and only2 weeks left in the CC period both influenced my decision to be conservative.
APA BTO 100 shares @ 143.55
STO 1 135Jul08 @ 10.20
Downside Protection 6.95%
Net if Exercised 1.01% - Monthly 1.89% - Annual 23.0%

COST BTO 200 shares @72.85
STO 2 72.5Jul08 @ 1.85
Downside Protection 2.41%
Net if Exercised 1.91% - Monthly 3.58% - Annual 43.57%

AUY BTO 500 shares @ 16.31
STO 5 15Jul08 @ 1.5
Downside Protection 9.0%
Net if Exercised 0.9% - Monthly 1.74% - Annual 20.53%

TRA BTO 200 shares @ 49.89
STO 2 45Jul08 @ 5.90
Downside Protection 11.62%
Net if Exercised 1.96% - Monthly 3.79% - Annual 44.71%

RIMM BTO 100 shares @ 123.29
STO 1 115Jul08 @10.00
Downside Protection 7.94%
Net if Exercised 1.25% - Monthly 2.42% - Annual 28.51%

GE BTO 500 shares @ 27.20
STO 5 27Jul08 @0.93
Downside Protection 3.27%
Net if Exercised 2.55% - Monthly 4.94% - Annual 58.17%

VZ BTO 300 shares @ 35.78
STO 3 35Jul08 @ 1.13
Downside Protection 2.96%
Net if Exercised 0.72% - Monthly 1.39% - Annual 16.42%

Well the market was up when I opened these transactions. However, I may wish I had moredownside protection after today.

APA, COST, AUY, RIMM Possible buys Tomorrow

My new account is now funded and I am looking at stocks to buy and sell CCs for Jul.
Candiadates are:
APA with CC ITM @135 for good downside.
COST with CC ATM @72.50
AUY with CC ITM @15
RIMM with CC ITM @115

Other possibilities depending on trend of price - need up for verification of up trend in stock price
VZ, GE, WMT, MCD

All will be reviewed to price trend before any action tomorrow.

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