Yesterday I sold 6 NYX Aug09 30 Covered Calls for a net deposit of $207.46 in an IRA account.  My basis for these NYX shares is now 70.49, excluding dividends received. This same strike price was good in July and looked reasonable for August as well.  NYX has tested this level 3 times since Dec08 [...]

Yesterday I sold 5 BP Jan10 60 Covered Calls for a net deposit of $261.22 in an IRA account.  My basis for there BP shares is now 62.82, excluding dividends received. Speaking of dividends, I receive$420 in dividends from BP each quarter.  That’s .84 per share and is equal to 5.36% on my basis and about [...]

Yesterday, I sold 2 MO Aug09 18 Covered Calls and sold 2 MO Aug09 17 Puts for a net deposit of $12.49 on the Calls and $56.49 on the Puts.  My basis for the MO shares that I own is now $35.98, excluding dividends received.  My basis for the other 200 shares if put to me [...]