High Yield ETF Covered Calls as of May 18th 2007

It’s been a great week as I’ve had all my options exercised.  I made $750 today with my May $35 strikes called as SMH is hovering at $37.13.  Over all I made 9% since December selling near the money calls on SMH and the profits wouldn’t last forever.  I’m glad I finally got called though as I plan on focusing on Energy ETFs this summer.

Here are this week’s high yield ETF Covered Calls for June and July as of May 18th 2007…. China (FXI), Gold (GDX) and Oil (OIH) are hot!  Watch out with China, that ETF has been red hot and is probably due for another correction over the summer!

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