LNG CC

I have been following this company after an analyst recently downgraded it, and I decided to sell a covered call after the IV went above 150. I bought in at 10.80 and sold a call for 2.20 (May '08, strike - 10). If the stock stays above 10 (which is below the 52wk low), I will make a 16.2% return on a cash on cash basis - slightly less than 200% annualized. Awesome.