10:35am (EST) 


Solazyme (SZYM, $12.35, down $0.17)

Sell to OPEN September 12.50 calls (SZYM120922C00012500, $0.80, flat)

Action:  For every 100 shares you buy, sell 1 contract of the September 12.50 calls for 80 cents.  This will lower the cost basis to $11.55.  If we are called away at $12.50 in mid-September the trade will make 8%.