July 31st, 2009 at 12:29 pm » Comments (0)

Today I sold 3 S Nov09 6 Covered Calls for a net deposit of $17.73 in an IRA account.  My basis for these S shares is now 21.22, excluding dividends received.
What do I say about Sprint?  I just continue to hold them for the paltry options premium I occasionally receive.  I suspect that one day, [...]

July 31st, 2009 at 12:22 pm » Comments (0)

Today I sold 6 BVF Jan10 15 Covered Calls for a net deposit of $455.47 in two IRA accounts, 4 in one and 2 in the other.  My basis for these BVF shares is now $14.60 and $18.45, respectively, excluding dividends received.
That sounds better than it actually is though.  Back on Jul 27, I had [...]

July 30th, 2009 at 3:23 pm » Comments (0)

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.
Today I received the following dividends in five IRA accounts for a total of $340.00:

Stock

Shares

Total Dividend

Div per Share

Basis per share

% on Basis

Annual % on Basis

GE

200

20.00

0.10

10.90

0.9174%

3.6697%

GE

100

10.00

0.10

8.95

1.1173%

4.4693%

GE

100

10.00 [...]