Today, I BTC 2 ACI Jan09 35 Puts and STO 2 ACI Jan10 35 Puts for a net deposit of $421.00 in my taxable account.  If put to me today my basis would be 29.54 for these ACI shares.

This is my taxable account and I am still trying to generate cash and postpone potential Put assignments by rolling out upcoming Puts.  All other things being equal I would probably be okay owning ACI.  I tend to think that coal will continue to be a major fuel for electrical generation.  On the negative side is that if Obama is elected I understand that he is does not think much of coal.  Even so, it is one of our most abundant domestic energy sources and its time will come sooner or later.