Yesterday I sold 2 WFC Apr08 27.50 Puts for $110.50 in an IRA account. In Feb08 I was assigned 2 WFC 30 Puts.  I was happy to own WFC (it pays a 4% dividend and I can sell options) and sold 2 Apr08 32.50 calls which were called away.  So here we go again.  Perhaps I can get [...]

I BTC 2 GM Jun08 25 Puts and STC 2 GM Sep08 25 Puts for a net deposit of $171 in my taxable account. I would probably let this run longer in one of my other accounts.  As I have said in other posts I am still trying to “heal” this account and am a [...]

I was assigned 2 BVF Apr08 20 Puts yesterday.  BVF floats up and down with a downward bias for the past year.  It didn’t help that this week the SEC and the Ontario Securities Comission charged the company and executives of making false and misleading statements.  The stock took a small dip on the news and has been [...]