Covered Call of the Day WMGI 10.3.2012

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My trade is to buy the stock at $22 and sell the Nov 20 calls for $2.40. My risk is the stock falling to zero, $19.60 per share, and my reward is the value of the calls, $2.40. My break-even is $19.60. I am hoping to make a return of 10.1% on the call sale.