Yesterday I sold 2 DSX Nov08 20 Covered Calls for a net deposit of $140.50 in an IRA account.  My basis for DSX is now 32.46. DSX has been a good dividend payer but the stock price has suffered with the slowdown in the world economy.  I am waiting to see what the current quarter payout [...]

Yesterday I sold 3 S Nov08 5 Covered Calls for a net deposit of $19.75 in an IRA account.  My basis for these S shares is now 21.49. I sat on these shares for more than a month thinking (for some reason) that it would move higher.  As it turns out, I was wrong.  I finally decided [...]

At option expiration last Friday I was assigned 2 Puts (AMZN and NLY) with the rest of my outstanding option contracts expiring worthless.  Here is the recap of what happened: Stock Symbol Option Symbol Call/Put Bought / Sold Strike  Price Number of Contracts Result DSX DSXJG Call Sold 35.00          2 Expired RYL RYLJG Call Sold [...]