Adjustments - AUY, WMT, YHOO, CAT, F

Today was a poor day for much action. I only adjusted a few of my positions.

AUY (3 Different Positions Combined)
BTO 1500 shares Total Cost ($19,839.40) Original Cost not MTM adjusted
Income to Date $3,268.41
Average Holding of combined positions 169 days
Income 16.4% to date, Monthly 2.92 %, Annual 35.11%
15 10 Jan 09 calls were open at end of period and income is included above
STO 15 9 Feb 09 @0.16 Income $221.24
If Exercised Net –14.33%, Monthly -2.34%, Annual -28.42% NOTE: Watch for buy back and roll out

WMT BTO 200 shares Total Cost ($11,569.95) Original Cost not MTM adjusted
Income to Date $882.89
Holding Period 132
Income 7.63% to date, Monthly 1.73%, Annual 20.81%
STO 2 57.5 Jan 09 @1.48 Income $285.04 Expired
STO 2 57.5 Feb 09 @ 0.25 Income $37.04
If Exercised 10.13% Net, Monthly 1.58%, Annual 19.17%

YHOO BTO 1000 shares @ 12.76 ($12,774.45)
STO 10 12.5 Jan 09 @1.51 Income $1,497.04 Expired
STO 10 11 Feb 09 @1.6 Income $1,587.04
If Exercised 10.17% Net, Monthly 5.26%, Annual 64.03%

CAT BTO 200 shares @41.37 ($8283.57)
STO 2 42.5 Jan 09 @2.00 Income $387.04 Expired
STO 2 42 Feb 09 @ 1.59 Income $305.04
If Exercised 10.65% Net, Monthly 5.51%, Annual 67.05%

F BTO 1000 shares @ 2.44 ($2449.95)
STO 10 2.5 Jan 09 @0.17 Income $157.04 Expired
STO 10 3 Mar 09 @ 0.14 Income $127.04
If Exercised 33.64% Net, Monthly 12.94%, Annual 157.42%

Exercised Positions - USO, BA, PRU, TRA

Four positions were exercised after close Friday. Two had been sold ITM and two ATM on the OTM side. Alot of my positions closed very near to the money so should offer good CC returns for Feb. I will be spending the seekend and Monday making decisions on open positions. TRA that was called jumped in value greatly because of a buy out offer. It will require some thought to determine if I desire to reenter it as a position for Feb.

Adjustments - DD, CSCO, MSFT

The buy to close and roll out did not come out as planned. I was away from market for a time yesterday and had placed buy backs and they triggered. If I had been able to watch market I would have cancelled buy backs because of large drop in prices. Now just will make th best of the case and continue to plow ahead.

DD BTO 200 shares Total Cost ($6929.93) Original Cost not MTM adjusted
Income to Date $622.44
Holding Peiod 59 days
Income 9.56% to date, Monthly 19.0%, Annual 228.00%
STO 2 25 Jan 09 @1.35 Income $257.04
BTC 2 25 Jan 09 @ 1.40 ($292.95)
STO 2 30 Feb 09 @ 0.25 Income 37.04
If Exercised -3.99% Net, Monthly -1.00%, Annual –12.13% NOTE: Must watch for roll out/up

CSCO BTO 500 shares Total Cost ($12,454.45) Original Cost not MTM adjusted
Income to Date $1,047.80
Holding Period 121 Days
Income 8.41% to date, Monthly 2.10%, Annual 25.2%
STO 5 17.5 Jan 09 @0.33 Income 152.04
BTC 5 17.5 Jan 09 @0.30 ($132.95)
STO 5 19 Feb 09 @ 0.35 Income $162.04
If Exercised -12.87% Net, Monthly –2.12%, Annual –25.80% NOTE: Must watch for roll out/up

MSFT BTO 400 shares Total Cost ($11,197.55) Original Cost not MTM adjusted
Income to Date $1,079.83
Holding Period 121 Days
Income 9.64% to date, Monthly 2.41%, Annual 28.92%
STO 4 21 Jan 09 @0.27 Income $95.04
BTC 4 21 Jan 09 @ 0.20 ($92.95)
STO 4 23 Feb 09 @0.25 Income $87.04
If Exercised -7.49% Net, Monthly -1.23%, Annual -15.02% NOTE: Must watch for roll out/up

New Position - F

I believe Ford will be a stronger stock as the administation supports financing of the auto makers.

F BTO 1000 shares @ 2.44 ($2449.95)
STO 10 2.5 Jan 09 @0.17 Income $157.04
If Exercised 8.05% Net, Monthly 17.24%, Annual 209.79%

Closed Position - PFE

PFE BTO 300 shares ($5,112.35) Original Cost not MTM adjusted
Income to Date $537.12
Holding Period 70 Days
Income 10.51% to date, Monthly 4.50%, Annual 54.05%
STO 3 17.5 Jan 09 @1.65 Income $182.05
BTC 3 17.5 Jan 09 @0.92 ($288.95)
STC 300 shares @ 18.21 Income $5,453.01
Return 15.08% Net, Monthly 5.45%, Annual 66.31%

New Position - TRA

TRA BTO 300 shares @17.08 ($5,133.38)
STO 3 17.5 Jan 09 @0.85 Income $242.04
If Exercised 6.79% Net, Monthly 14.56%, Annual 177.10%

A New Year Market Starts Tomorrow

Tomorrow we start a new year in the market. Hopefully, we will all do better. Thanks to CCs my account value was only down 21% in the last 6 months. I picked up about 16% through CCs.

HAPPY NEW YEAR TO ALL