On 10/22/08 I was assigned 2 LXK Jan09 40 Put contracts in my taxable account.  I sold the 200 shares the same day at 25.9801.  This represents a net loss as my basis for LXK was 36.47.  I would like to have sold Covered Calls on LXK but margin calls have just been killing me [...]

I sold 2 VLCK Nov08 7.50 Covered Calls on 10/22/08 for a net deposit of $90.50 in my taxable account.  My basis for these VLCK shares is now 22.50. Of course, VLCK does not pay a dividend so I am not even paid for waiting for its price to recover (if it ever does).  So [...]

I sold 2 BRCD Jan09 4 Covered Calls on 10/22/08 for a net deposit of $34.50 in my taxable account.  My basis for these BRCD shares is now 8.52. BRCD does not pay a dividend so I am just chipping away at my basis until I can sell it, hopefully at something above my basis.  [...]