McCain - Palin and Topsy Turby Stock Market

The market is as topsy turby as the political polls. It is difficult to determine whether to roll out calls or ride them out since the ups and downs are fairly dramatic. I am continuing to follow calls. Currently 4 or 5 maybe called but could go either way. Gold and Oil are really killing me this month.

GME Position Adjusted

GME BTO 300 shares @40.94 ($12,292.95)
STO 3 40 Sep 08 @2.80 Income $827.04
BTC 3 40 Sep 08 @4.40 ($1,332.95)
STO 3 45 Sep 08 @1.45 Income $422.04
If Exercised 9.06% Net, Monthly 9.70%, Annual 118.05%

New Position - Gamestop - GME

Gamestop dropped about 6% even with a good earnings report. With new games being released and the Christmas season coming soon, I feel good about Gamestop the last 2 quarters of 08 and opened a position Thursday.

GME BTO 300 shares @40.94 ($12,292.95)
STO 3 40 Sep 08 @2.80 Income $827.04
If Exercised 4.26% Net, Monthly 4.57%, Annual 55.58%

GOLD Rush - AUY

With the upgrade of AUY today, I decided to buy some more.

AUY BTO 500 shares @ 10.58 ($5,299.45)
STO 5 11 AUY Sep 08 @ 0.55 Income $262.04
If Exercised 8.54% Net, Monthly 8.83%, Annual 107.49%

SPLS New Position

I opened a new position of SPLS in Account 2 - 8/19/08

SPLS BTO 500 shares @23.45 ($11,734.20)
STO 5 22.5 Sep 08 @ 1.90 Income $937.04
If Exercised 3.77% Net, Monthly 3.77%, Annual 45.92%

RIMM, UNH, MSFT, GE, CSCO New Positions

The following positions were opened 8/18/08 in Account 2.

RIMM BTO 100 shares @ $129.31 ($12,940.95)
STO 1 115 Sep 08 @ 16.95 Income $1682.04
BTC 1 115 Sep 08 @ 13.95 ($1407.95)
STO 1 120 Sep 08 @ 10.35 Income $1022.04
If Exercised 2.67% Net, Monthly 2.58%, Annual 31.41%

UNH BTO 400 shares @32.69 ($13,085.20)
STO 4 35 Sep 08 @ 0.70 Income $267.04
If Exercised 8.96%Net, Monthly 8.67%, Annual 105.44%

MSFT BTO 400 shares @ 27.97 ($11,197.55)
STO 4 28 Sep 08 @ 0.85 Income $323.04
Dividend 0.11/share Income $44.00 Payable 9/11
If Exercised 3.21%, Monthly 3.11%, Annual 37.80%

GE BTO 400 shares @ 29.86 ($11,953.95)
STO 4 30 Sep 08 @0.78 Income $267.04
If Exercised 2.80% Net, Monthly 2.71%, Annual 33.01%

CSCO BTO 500 shares @ 24.89 ($12,454.45)
STO 5 25 Sep 08 @0.77 Income 372.04
If Exercised 3.27%, Monthly 3.17%, Annual 38.53%

Positons Adjusted - TRA, JPM, APA, AUY, VZ

The following positons in Account 2 were adjusted today.

TRA
BTO 300 shares TRA ($14,625.95)
STO 3 45 Aug 08 @ 5.90 Income $1,757.04
BTC 3 45 Aug08 @ 7.00 ($2,112.95)
STO 3 50 Aug08 @ 3.60 Income $1067.04 Expired
STO 3 50 Sep 08 @ 1.65 Income $482.04
Dividend 0.10/share Income $30.00
If Exercised net 10.85% - Monthly 5.81%, Annual 70.73%

JPM BTO 300 shares JPM @ 40.19 Total ($12,066.95)
STO 3 40JPM Aug08 @ 1.99 Income $584.04 Expired
STO 3 40 JPM Sep08 @ 0.95 Income $272.04
If Exercised net 6.46% - Monthly 3.34%, Annual 40.63%

APA BTO 100 shares @ 143.55
STO 1 135Jul08 @ 10.20 net $1007.04
BTC 1 135Jul08 @ 0.50 net ($62.95)
STO 1 130Jul08 @ 1.00 net $87.04 Expired
STO 1 135 Aug 08 @ 0.90 net $77.04
BTC 1 135 Aug08 @ 0.35 (47.95)
STO 1 125 Aug08 @ 1.00 $87.04 Expired
STO 1 130 Sep 08 @ 0.70 $57.04
Net if Exercised -0.64% - Monthly –0.25% - Annual -3.04% NOTE: Must watch and not let be exercised.

AUY BTO 500 shares @ 12.73 ($6,374.95)
STO 5 12Aug08 @ 1.10 Income $537.04 Expired
STO 5 12 Sep 08 @ 0.30 Income $137.04
Net if Exercised 4.63% - Monthly 2.72% - Annual 33.11%

VZ
BTO 300 shares VZ ($10,809.95)
STO 3 35 Aug 08 @ 1.72 Income $503.04 Expired
STO 3 35 Sep 08 @ $1.21 Income 350.04
If Exercised net 4.93% - Monthly 2.64%, Annual 32.15%