More option sales

ETFC had another nice jump today so I sold an April '08 covered call (strike - 5) for 0.10. On a cash on cash basis, I'm making 2.5% with IDCC (37% annualized) and 2.2% with ETFC (47% annualized). The cash on cash numbers may look small but on an annualized basis, they're HUGE. If you like money, sell calls.