I sold 10 contracts for May 07 $35 Calls on SMH (SMHEG) for $0.70 this morning. This brought in another $700 in addition to the $750 in February and the $850 in December. So far my return from SMH since December 06 has been $850+$750+$700 = $2300. This equates to 6.7% return from December 4 thru April 10th. If called in May, I’ll earn an additional $750 (2.2%) to bring my total return from Dec 06 thru May 07 to 8.9 pct. If I don’t get called, I’ll look at August Calls.
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