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I have an roll ever IRA with a well known online brokerage firm. For a while, I traded the peaks and valleys of equity only to find myself always out of sync with the timing. I decide to do some research on the option chains for AAPL, GOOG, AND PCLN to see which could provide mr a way to plan monthly income without having to time peaks and valleys. I feel mor comfortable with having a play on equity of a stock versus the wait game. Two weeks prior to the options expiration date I purchased 100 shares of AAPL. I sold a covered call on my one contract. For $10/share and my strike price was $20 dollars above what I bought at. Within 2 weeks the stock went past my strike price and I gladly gave up my shares for 3000 profit on 50000. Annualized that is a 150 percent gain. At the same time, I SOLD a covered called on my GOOG stock. While the option did not exercise, I kept the 5 dollars.share and the stock was only up 4 points for a 900 dollar 2 day event. I sold another covered call for March expiration of 15 points above the price I paid. GOOG is already past my strike price but I will gladly surrender for a 3000 month and two week gain.

I bought PCLN 2 days before it's 40 point gain. My strike price is 35 dollars above what I paid and someone paid me 20 dollars a share for my covered call. If all goes well, that will be a 5500 gain two weeks from Friday.

I am looking at repeating with AAPL AND PCLN.
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