I logged in to my account at ETrade this morning and found that I had been assigned 3 Jan09 7.50 NFLD contracts.  I’ve written about why I have/had NFLD activity at all in a prior post.  One of the lessons I have learned in the past year is to stop looking at these more speculative stocks and concentrate on more stable companies.

I sold 3 NFLD Jan09 2.50 calls for $19.75 in my taxable account.  I now own this stock at $4.19.  The only reason that I kept this one at all is that the company continues to work on its blood replacement product and periodically it makes progress that dramatically raise the stock price.