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Alias Born 04/06/2004

Re: None

Monday, 01/12/2009 11:15:14 AM

Monday, January 12, 2009 11:15:14 AM

Post# of 189
SAY Covered Call
Current Price $1.19, sell July $2.50 for $.65
87.4% if unchanged, or 171% annualized
293.70% if called, 576% annualized.
$.64 Break Even, 46% downside protection

It is a gamble... depending on how bad the books are cooked.. but gives some fat premiums. Proceed with caution

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