US Cont
Well, accidentely filled my sold contract from friday today.

So heres the update now.
BTC Aug 20 call for .37 or $37 less 2.95 for commission= $34.05


STO Aug 19 call for .74 or $74 less 2.95 commission = $71.05

Totals now are
Apr $113
May $152.05
June $211.05
July $112.05
August $115.05

Totals $703.20

Total cost Basis is now $2760-$703.20= $2056.8 or 20.56 per share

US Steel Cont

US Steel Continuation
7/20/2012
BTC 1 July 21 call for .05 or 5$
STO 1 Aug 19 Call for .81 or $81 less 2.95 commision for $78.05

Apr $113
May $152.05
June $211.05
July $112.05
August $78.05

Total $666.20

Total cost Basis is now $2760-$666.20= $2093.8  or 20.93 per share

On July 20th X close at 18.85

Annaly Capital (NLY)
BTO 200 shares for 16.85 for $3370
Dividends received
1/26/2012  $114.00
4/26/2012  $110.00

Option Premium
STO -2 Apr 17 call for .32  $64.00-2.95=$61.05
BTC -2 Apr 17 call for -.04 $8.00
Total                                    $53.05


Total Credits received $307.05

Total cost basis for NLY $3370-$307.05= $3062.95  or $15.31/share

US Steel cont.

STO -1 Jun 23 call for 2.19
BTC -1 jun 23 call for .05 (hopefully still have yet to close)

                              Total 2.14 or $214 less 2.95 commsion for $211.05

Total option premiums
Apr $113
May $152.05
June $211.05

       Total $476.10

Total cost Basis is now $2760-$476.10= $2283.90  or 22.84 per share

US steel Closed on 6/1  at 19.31 per share.
I'm still behind be 3.53 per share.

US STEEL cont

STO -1 may 28 call for 1.60
BTO 1 may 28 call for .05

                                 Total 1.55  For $155 less 2.95 in commissions for $152.05 Credit

My cost basis for US Steel started at 100 shares for 27.60 for $2760
I have received option premium thus far of
April $113
May $152.05
Total $265.05


Making for total cost basis for X $2760 - $265.05= $2494.95  or $24.95 per share.

US Steel Intiated Covered Call

US Steel has been hammered by Economic down turn.
Options premiums remain high. Therefore I initiated a Covered Call positon today.

Buy 100 Shares at 27.60 for $ 2760 of debit -$5 commission for total of $2755 on 3/2/2012
STO -1 April 29 call for 1.13 or $113 of credit -$2.95 commission for total of $110.05

Return if Price below 29 on April Expiration $113/$2760 = 4%
Return if price above 29 on April Expiration  $253/$2760 = 9.1% (less commissions)
    Capital Appreciation $140
    Option Premiun $113
   Total $253


Update
On 4/20/2012 X closed at 28.98.
I closed my April 29 call for .04 on 4/20/2012
My return is:
STO -1 April 29 call for 1.13
BTC 1 April 29 call for .04
                                        Total of 1.09 or $109
                             less commisions of 2.95
                                           Grand total is $106.05

Return is $106.05/$2760 or 3.8% for 49days, or 28% annualized.

I will try to open another CC on X next week as Premium still remain quite high.