Today I sold 6 NYX May09 25 Covered Calls for a net deposit of $143.50 in an IRA account.  My basis for these NYX shares is now 70.15, excluding dividends received. Last month I sold the 22.50 strike price.  This month I sold the 25 strike price and took a smaller premium because I think that [...]

Today I sold 2 BAC Jun09 6 Puts for a net deposit of $178.50 in an IRA account.  My basis for these BAC shares would be 5.11 if put to me. I should probably have made this trade yesterday when the market and BAC was lower.  I didn’t because I thought that the market would [...]

Today I sold 2 RYL May09 22.50 Covered Calls for a net deposit of $100.50 in an IRA account.  My basis for these RYL shares is now 34.04, excluding dividends received. As I wrote a few minutes ago on the YHOO post, I almost did not do any trading at all today because the market [...]