Yesterday I was assigned 4 BVF Jul08 20 Puts in my taxable account. BVF is trading at 12.33 as I write this.  This assignment is not as bad as it appears because I have rolled out the puts a few times making my basis $12.81 in these shares.  BVF also pays approximately a 12.8% dividend.  I am [...]

On Tuesday, 5/20/08, I sold 4 TBI Jun08 15 Covered Calls for a net deposit of $69.00 in my taxable account. With this sale, my basis on TBI is now $17.  TBI does not pay a dividend so it does not meet my current investing model.  I will continue to sell Covered Calls on TBI, [...]

On Tuesday, 5/20/08, I sold 2 IMB Jun08 2.50 Covered Calls for a net deposit of $20.50 in an IRA account. Sigh!  Another bank stock that is doing poorly.  With this sale my basis in IMB is now $35.39.  That is pretty embarrassing but there it is.  One might ask why I don’t just sell [...]