This morning I BTC 6 DIVX May08 7.50 Calls, 2 each in my taxable account and 2 IRA accounts, for a net cost of $449.49 to each account.

I sold these calls in early April after watching the stock fall to the low 6 range.  It looked like it would languish there for awhile and the 7.50 Calls would be safe (expire worthless).  Then DIVX reported increased earnings and sales and it started to climb and actually gaped up at one point.  I was rather expecting that it would fall back again but to no avail.  The stock is at $9.44 as I write this and still methodically climbing to somewhere.  I these DIVX lots at various prices from 16.24 to 20.84 so am happy that the stock is recovering even though I took a hit on the options today.  If this continues I should be able to sell new Calls at the $15 strike price or better with a reasonable premium thus making my BTC today worthwhile.