Sold a call

The April call on Dynegy DYN expired on Friday, so I sold a May $10 call today for $.25. This gives a 1 month return of 2.1% if uncalled. The stock is currently trading at $9.60.

Dynegy has an earnings release scheduled for April 8. A pop in the stock and getting called out of it at expiration would be nice. Obviously, the opposite would be a little depressing.

I also had a call expire on my position in Silver Wheaton SLW. The stock is down today, and I would like to get a little more premium for the June $12.50 call than where it is today.  They have an earnings release scheduled for Thursday. So either good earnings or higher silver prices should help the stock price and option premium.

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