Yesterday I BTC 2 DF Dec08 15 Covered Calls and STO 2 DF Mar09 17.50 Covered Calls for a net deposit of $71.01 in an IRA account.  My basis for these DF shares is now 31.98. DF does not pay a dividend so it does not meet my current model but I also don’t want [...]

On Monday I BTC 2 NLY Dec08 15 Covered Calls and yesterday I STO 2 NLY Jan09 15 Covered Calls for a net deposit of $61.01 in an IRA account.  My basis for these NLY shares is now 11.05. Wow, how quickly the market has turned and moved up.  I don’t know if this is [...]

This morning I was assigned 2 VLO Jan09 60 Puts.  I then sold 2 VLO Dec08 20 Covered Calls for a net deposit of the sale of the calls of $86.50.  My basis on these VLO shares is now 54.76 after considering all of the option premiums received to date on this series of trades. [...]