Retirement Income

Stocks and Options

October 7th, 2008 at 4:14 pm

DivX, Inc. (DIVX) - BTC Dec08 Calls, Sold Stock

Today, I BTC 2 DIVX Dec08 10 Covered Calls and sold 200 DIVX shares for a net deposit of $996.51 in my taxable account.  My basis for these DIVX shares was 20.34.

Another losing transaction but necessary to help raise cash in my taxable account.  DIVX does not pay a dividend and the option premium is not great but I would have continued to hold and sell Covered Calls except for the continuing deterioration of the market and the resulting margin calls.   See my posts from earlier today for additional comments about why I am raising calls in this account.

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