On 2/24/09, I sold 5 BP Mar09 45 Covered Calls for a net deposit of $113.25 in an IRA account.  My basis for these BP shares is now 62.70. The premium I received this month exceeded what I received last month by $50 but I had to sell a lower strike price (50 last month) to do it.  BP has [...]

On 2/24/09, I sold 2 ACAS Mar09 2.50 Covered Calls for a net deposit of $10.50 in an IRA account.  My basis for these ACAS shares is now 22.12. ACAS had been a great dividend payer, paying a dividend each quarter since its IPO in 1997, but last November it stopped, at least temporarily, paying a [...]

My ISP, Time Warner Cable, has been hit by hackers for much of this week with the result that I have had only intermittent access to the Internet.  I’ve been able to make several trades but very little writing about them here.  I’ll try to catch up over the next couple of days…if I can.