Total (TOT) covered call update

Today's reality on Total is different then yesterday's idea.  However, I am still going to use the technique of a covered call to create income and hopefully the call buyer will also purchase my shares because the strike price is so close to the current trading price.
    Yet the strike price provides me with over a 15% gain and this is a good result.

Risk is never far away and TOT could suffer more than it did today (down over three points) over concerns about an oil well spill in the North Sea.  Therefore, I could be stuck TOTally if the call buyer does not also purchase my shares.  Remember I cannot sell the shares that are under the option contract until it expires on May 19, 2012.

Here is the table I use to help me make my call option decisions.







Very Truly Yours,

TheMoneyMadam