Update Transaction - Mack-Cali Realty (CLI) (7-16-2009)

This is the final covered call to be sold on my position in CLI. If these shares are called away at expiration I will no longer have any position in CLI. It will be a little sad, considering CLI was a large portion of the CCIP when I started it, but all things must come to an end. I wouldnt have a problem reinvesting in CLI however if it fell back down to the $22.50-$23.50 range in the future. The new 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 July $25 Call @ 2.1426
4/24/2009 -- Bought To Close 1 CLI July $25 Call @ 4.9474
4/24/2009 -- Sold To Open 1 CLI June $30 Call @ 1.9325
5/7/2009 -- Bought To Close 1 CLI June $30 Call @ 0.60
5/7/2009 -- Sold To Open 1 CLI June $25 Call @ 1.5926
6/11/2009 -- Bought To Close 1 CLI June $25 Call @ 0.25
7/1/2009 - Dividend @ .45
7/16/2009 - Sold To Open 1 CLI August $25 Call @ 0.9925

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: 13.6%
Possible Max Upside: 16.63%

Annualized Max Upside: 33.72%