This morning I BTC 2 AMZN Jul08 80 Puts and STO 2 AMZN Oct08 75 Puts for a net deposit of $291.01 in an IRA account.  My basis on AMZN would now be $61.49 if put to me at 75.
Rolling out and down generated the additional cash and reduced my potential liability by $1000.
I thought [...]

This morning I was assigned 2 VCLK Jan09 30 Puts.  I then sold 2 VCLK Aug09 17.50 Calls for a net deposit of $110.50 in my taxable account.  My basis for VCLK is now 23.19 after accumulated option premiums.
VCLK does not pay dividends so is does not match my current investment objectives.  I will be [...]

This morning I BTC 6 GM Jul08 12.50 Puts and STO 6 GM Sep08 12.50 Puts for a net deposit of $689.01 in my taxable account.  If put to me I would now own these GM shares at 11.11.  GM is trading at 11.46 as I write this.
I sold the Jul08 GM Puts on 5/28 [...]