I was assigned 2 AUY Jul08 15 Puts in an IRA account.  I had rolled these contracts out in the past and decided that I would allow them to be put to me this time.  With accumulated option premiums I own these shares at 12.48 which is less than the Friday close of 13.97.

I own 700 other shares of AUY and have done quite nicely by selling Covered Calls on them and collecting the small dividend (recently increased to .01 per month from .01 per quarter).

AUY has been a long time favorite of Jim Cramer which is where I first heard of it and why I began my relationship with it.  I haven’t always done well with Jim’s picks but this one has been good for me.