LVLT Covered Call Trade 5-14-07

I sold a few LVLT call options today. I sold the May 5.00 for .50 cents. So I made $100 on this trade. I am not planning on selling the common stock, so this was strictly a monthly income play.

UPDATE 5-21-07: Well as it turned out, I was called out on my option. So I had to sell my 200 shares of LVLT at $5.00 per share. This trade actually became a loss due to the fact that when you get called out you have to pay a manual commission fee. $17 bucks for each option that gets exercised. I paid $34.00 when I got called out!!! Plus the commission I paid when I bought the stock, and when I sold the covered calls. So all in all the total commission was $64.50! Bottom line this trade ended up being a 10% loss!