Today I sold 4 ALSK Mar08 12.50 puts for a deposit of $129.oo in an IRA account.

I already own 1100 shares of ALSK in taxable and IRA accounts.  It pays a good dividend (6.65% at its current price of 12.80) and I write Covered Calls on it, generally at the $15 strike price.

This stock tends to move between 12/12.50 on the low end up to 15.50/16 on the high end although it has been making lower highs around 14 for the past couple of months.