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 [...]

On 8/20/08, I sold 2 MO OCt08 22 Covered Calls for a net deposit of $46.50 in an IRA account.  My basis for MO is now 37.26. I sold Oct08 calls rather than Sep08 calls because I don’t want it called away and wanted to get a little better premium than the Sep08 calls offered. [...]

On 8/20/08, I sold 2 GOL Sep08 Covered Calls for a net deposit of $50.50 in my taxable account.  My basis for GOL is now 24.57. I used to say that I have not owned an airline stock since back in the 1970s.  I would like to still be able to say that.  GOL has [...]