When it rains, it pours.  I was assigned 9 contracts of FBR on Tuesday, 11/13/07.  This was a little unexpected.  I had made a record keeping error and thought these were Puts written for Jan 09.  Turns out they were for Jan 08.  I normally would have rolled them out.  That does not always keep [...]

As I expected, I was assigned the other CFC contract on Monday, 11/12/07.  Again I sold a call on the stock.  This time I sold the Jan 08 $15 call because I wanted to generate a little more new cash to help the margin situation.  I don’t really expect the stock to get above that [...]

The CFC I wrote about earlier is in my taxable and margin account.  I have let the margin get pretty thin on this account.  Being put the CFC and fully expecting to be put another CFC contract I need to raise some cash and/or reduce my open potential liability in this account.  Based upon the [...]