On 8/22/08, I sold 2 BP Sep08 65 Covered Calls for a net deposit of $160.50 in an IRA account.  My basis for these BP shares is now 59.65. 

I also own 300 additional BP shares in the same IRA account.  BP pays a good dividend and a rising dividend, .84 in the prior quarter from .6495 four quarters ago.  Not only does it pay a good dividend, it also has pretty good option premiums.  I consider BP, as a representative of the petroleum segment, a core holding.