Trade - 5/19/09 - GE

STO (2) Covered Calls - GE June 09 @ $14 for $0.51 each. Net Premium $101.

The Covered Call is managing a current position of 200 shares of GE. This is a monthly return of 3.75% (45% annualized). If the stock closes above 14 at expiration I will get an extra 2.5%. I love plays like this because the stock can go up, down or sidewise and I still make money!