Update Transaction - Mack-Cali Realty (CLI) (7-7-2009)

I decided to sell another covered call on my position in CLI, leaving only 100 shares uncovered. The market is continuing to show signs of deterioration, and I want to give myself some protection. I am choosing to leave my last 100 shares uncovered just in case CLI manages to make it above $23, in which case I will sell a $25 call on the last 100 shares. The profit/loss info is below:


Various -- Bought 100 CLI @ 22.90
2/23/2009 -- Sold To Open 1 CLI July $25 Call @ 0.4592
3/6/2009 -- Bought To Close 1 CLI July $25 Call @ 0.1408
4/1/2009 – CLI Dividend @ .45
4/9/2009 – Sold To Open 1 CLI May $22.5 Call @ 2.8925
5/15/2009 – May $22.5 Call Expired
5/18/2009 – Sold To Open 1 CLI June $22.50 Call @ 1.8925
6/19/2009 - June $22.50 Call Expired
7/1/2009 - Dividend @ .45
7/7/2009 - Sold To Open 1 CLI August $22.50 Call @ 1.1425

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2290.00


Downside Coverage From Current Price: 25.9%
Possible Max Upside: 28.06%

Annualized Max Upside: 56.89%