I was assigned three sets of options after options expired last Friday:  two sets of GE and one set of BAC.  Some of these items are consolidated from multiple of my E*Trade accounts.  Here are the summarized results:   Stock Symbol Option Symbol Call/Put Bought / Sold Strike  Price Number of Contracts Result BAC BYONE Put Sold 5.00 [...]

Over the weekend I was assigned 1 GE Feb09 15 Put and 2 GE Feb09 10 Puts in an IRA account.  I now own 400 GE shares at an average basis of 11.80 in this account. Just like the BAC shares I was assigned I did not expect the GE 10 Puts to be assigned [...]

Over the weekend I was assigned 2 BAC Feb09 5 Puts in an IRA account.  I now own 400 shares of BAC in this account with an average basis of 24.78 per share.  As bad as that sounds, this assignment brought my prior average basis down from 45.10.  That’s quite a reduction. I really did [...]