Today, I sold 5 BAC Jul09 15 Covered Calls for a net deposit of $43.25 in an IRA account.  My basis for these shares is now 21.63, excluding dividends received. Today I sold 2 BAC Jul09 12 Puts for a net deposit of $124.50 in the same IRA account.  My basis for these shares would [...]

Today I sold 2 DSX Aug09 17.50 Covered Calls for a net deposit of $40.50 in an IRA account.  My basis for these shares is now 33.83, excluding dividends received. DSX suspended its dividends last November.  I expect that it will resume dividends when the economic environment improves although that probably will not be until [...]

Today I purchased 200 shares of BMY at a net cost of 20.15 per share and sold 2 BMY Aug09 21 Covered Calls for a net deposit on the Calls of $98.50 in an IRA account.  My basis for these BMY shares is 19.66. BMY pays a good dividend at .31 per quarter for an annualized [...]