I sold 2 YHOO Apr08 30 calls each in a taxable and IRA account for $84.50 and $70.50 respectively.  My basis is now $25.72 and $26.13 for these two sets of YHOO.

Last month I sold Mar08 32.50 calls on these shares.  YHOO has remained below 30 since MSFT’s offer to buy it at 31.  I had thought that it would rise above 30 earlier hence my prior sale at the 32.50 strike price.  I still suspect that MSFT will end up making a higher offer but have decided that I will take the higher premium and sell the 30 strike price each month for however many months this lasts.