We currently have 5 covered calls written in the IA Portfolio. If they were to expire today we would have the following stocks called away;
Bank of America (BAC) 47.5 + .75 premium = $48.25
J.P. Morgan (JPM) 42.5 + .70 premium = $43.20
This leaves us with the following positions still out of the money;
Chesapeake Energy (CHK) 32.5 + .90 premium = $33.40
Sunoco (SUN) 85 + 1.85 = $86.85
Valero (VLO) 62.5 + 1.65 = $64.15
Stay Tuned.
