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It is hard to believe we have almost ended 2009 and are starting to plan for 2010. For those of you who asked about the covered call investments, I have a new list of potential investment plays for January. The complete list of 20 covered call trades is shown in the graphic below.

It looks like gold and silver calls are most prevalent as the gold market vector (NYSEARCA:GDX) and iShares silver trust (NYSEARCA:SLV) both offer potential good covered call trades. Also, you have Yamana Gold (NYSE:AUY) and Newmont Mining (NYSE:NEM) as gold investments as well as Brazilian mining company VALE RIO DO-ADR (NYSE:VALE). The price of gold has pulled back in the past few weeks. This may be an opportunity to play covered calls on these shares as most are near the bottom of their Bollinger Bands. The Yamana Gold $12.50 strike price will get you an 8.6% return if you believe gold will rally in January.

Covered Calls for January 2010

Disclosure: no positions