Many of the stocks that I own and write Covered Calls upon also pay dividends.  Dividends happen on a regular basis and add significantly to my annual investment income. This week, I received the following dividends in various accounts for a total of $30.63: Stock Shares Total Dividend Div per Share Basis per share % [...]

On 3/23/09, I sold 5 BP Apr09 45 Covered Calls for a new deposit of $238.25.  My basis for these BP shares is now 62.22, excluding dividends received.  Even though I am underwater with these shares right now I really like BP for the dividends and option premiums.  I consider them part of my core [...]

On 3/23/09, I sold 5 BAC Apr09 9 Covered Calls for a net deposit of $248.25 in an IRA account.  My basis for these BAC shares is now 20.42, excluding dividends received. I’ve sold Covered Calls on a number of stocks this month where the strike price may be a little too close.  I’m not [...]