New Covered Call- HGSI

Initial Transaction -- Bought 1000 shares of HGSI @ $2.96 = $2,960
Sold to Open 10 July 2.50's @ $.78 = $780

Return IF Stock is Called = 10.81%
Option Income (.78*1000) = $780
Stock Appreciation (2.5-2.96)*1000 = -$460
Net Profit = 780-460 = $320
Annualized Return IF Exercised (ARIE) = 218.55%
(320/2969)*(365/18 Days)

This was a gamble, I like how they have FDA approval, and there doesn't seem to be any really large news coming out between now and then... It's a small portion of my portfolio so we will see how well it works.