I sold 10 contracts for March 07 $35 Calls on SMH (SMHCG) for $0.75 this morning. This brought in another $750 in addition to the $850 brought in on December 06. So far my return from SMH since December 06 has been $850+$750 = $1600. This equates to 4.6% return from December 4 thru February 2. If called in March, I’ll earn an additional $750 (2.2%) to bring my total return from Dec 06 thru March 07 to 6.9 pct. Not bad first quarter results! If I don’t get called, I’ll look at May and August Calls.
Later this evening, I’ll power up the ETF-Cashinator to see what other opportunities are abound.
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