Today I BTC 5 ALSK Jan09 15 Calls and sold 500 shares of ALSK for a net deposit of $5280.23 in my taxable account.  My basis for these ALSK shares was 14.72.

I would rather have held onto ALSK because it pays a decent dividend and I gather additional income from the option premium.  With that said, I had already been considering if a better stock vehicle would give a better total return of dividend and option premium.  So, even though I lost money on this stock I do not feel too bad about it.  My real driver to close out this position in this account is the same as I have already mentioned in my earlier posts today which is to raise cash in my taxable account.  I do continue to hold 600 shares in a couple of IRA accounts.