In my choice for a stock I have chosen Encana (ECA) which trades on both the TSX and NYSE exchanges. 

As the chart above shows ECA has a floor around $17.50 per share and a top of $20.50
This quick look at the technicals help to determine where one should look when wanting to set entry and exit points.

Granted that Encana has had a horrible year last year with EPS being negative and the prospects of an declining price in its core products - Natural Gas. However in the first quarter ECA had improved it's EPS from the year earlier and was still a negative number and with the passing of the second quarter a far improvement in earnings at 99 cents per share. Additional discussion about ECA can be seen on my stock review blog, http://stockrenter.blogspot.ca/

With the base analyses done and it looks like Encana will survive I decided to buy 500 shares in my TFSA.
The transaction for ECA are as follows.

Jan 17, 2013 bought ECA @$19.15 per share, setting my Net cost to $9584.00

Jan 25, 2013 Sold to Open (STO) 5 (call) February 20 for 35 cent each, netting me $158.76

The February covered calls expired.

March 14, 2013 (STO) 5 (call) July 20 for $1.35 each, netting me $658.76

The July covered calls expired.

March 28th I collected a dividend of $99.95

June 28th I collected another dividend of $103.20

August 22, 2013 (STO) 5 (call) October 19 for 40 cents each, netting me $183.76

The amount that I have received to date is $203.15 in Dividends and $1001.28 from the covered call options for a total of $1204.43. As a percentage bases it works out as 12.57% not bad for this holding.

Next update will be when a trade either expires or if I buy it back and rewrite a new position.

If you have any questions drop me a note. Till then happy trading.