Covered Calls for more income

          Our three legged income investing stool includes dividends, interest (not much there at this point in time) and covered call premiums.  Today was a perfect day to write some calls.  Here is a list of the calls I sold today for a very nice amount of income.

1. LMT December 85 for $1.15
2. FCX November 62 for $2.40
3. FCX November 64.50 for $1.78
4. BG October 77.50 for $1.05
5. QCOM October 62.50 for $1.03

          Covered calls are easier than you think if you have carefully picked the underlying stock.  Each of these stocks pays a dividend with LMT and QCOM increasing their dividends every year.  All are solid companies.  LMT is one of our dividend machines.  These calls will provide a minimum of 10 percent gain if they take my stock.

           This is good income investing folks.

Very Truly Yours,

TheMoneyMadam