Today I sold 2 KFT Dec09 30 Covered Calls for a net deposit of $50.49 in an IRA account.  My basis for these KFT shares is now $29.61, excluding dividends received. KFT is currently paying a .29 quarterly dividend for about a 4.47%  annualized return with the current price of 25.67 as I write this.  [...]

Today, I sold 4 YHOO Jul09 17 Covered Calls for a net deposit of $69.00 in an IRA account.  My basis for these YHOO shares is now 21.39. YHOO has been steadily trending upwared since mid Nov08.  It has been moving down for much of June and appears to be moving up again the past couple of [...]

Today I sold 1 MWW Aug09 15 Covered Call for a net deposit of $16.25 in an IRA account.  My basis for these MWW shares is now 40.47. I had to go out 2 months to be able to get option premium for the 15 strike price.  There has been some resistance at 15 which [...]