WalMart May 21

WalMart is up today so we are selling calls again. We have sold seven 76 calls (expiring tomorrow) for about 40 cents each. This is a very short term attempt to catch the income available during the last two days of this weekly option series. This is an advanced trade, and is not right for everyone. We still have orders in place to sell two more calls. Our current Year to Date loss on WMT is about $2000 after adding in a dividend which has not yet been paid. Our position is, once again, a covered call at the 76 strike. We are long the same 900 shares of WMT and short 7 ...

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