As you may have noticed in my prior post I own a considerable number of FBR shares, 5200 to be exact.  As I look at that number I am not really sure how it got so large.  I know it is because I was assigned them (most at $10 – it is currently trading under $2 with [...]

Most of the options I open for Jun08 expired worthless.  Most of them were Covered Calls which allowed me to in turn sell new Covered Calls on them.  In the interest of brevity, here is the list of expires with quantity, strike price and whether it was a Put or Call.  I will make additional [...]

I was assigned 2 WFC Jun08 27.50 Puts over the weekend.  I sold 2 WFC Jul08 27.50 Calls for a net deposit of $60.50 in my taxable account.  My basis for these WFC shares is now 26.50 after accounting for accumulated option premiums. I had originally thought I would sell WFC 30 Calls to catch some [...]