On 7/22/08, I sold 11 GGC Aug08 5 Covered Calls for a net deposit of $30.75 in my taxable account and an IRA account.  My basis, not considering dividends is now 17.40 and 19.09 for the two lots.

You may notice that chipping sound again as I slowlyreduce my basis in GGC.  GGC’s dividend, at .08 per share per quarter, is almost as much as the option premium.  There’s nothing else I have to say about GGC or even why I own it.  (You may guess that I first heard about it from Jim Cramer.)