I never divulge numbers of shares/contracts, but here is what I have:
Half of my shares are covered calls (Jun 16 2012 5.00 Call)
The other half are just shares with no contracts
I don't see it breaking through 5.00, nor do I see it crashing below 4.00. If it goes in the money, I still get to profit from the difference between premium and intrinsic value near expiration. The shares without contracts sold are profits whenever I sell them.
If it stays below 5.00 and above 4.00, I'm still a little green. If it goes below 3.70 I'll start to lose a little. I think by using the chart and timing it as so I'm almost guarenteed to make money. Hopefully it blasts through 5.00!