On 11/24/09, I purchased 200 shares of BMY at a net $25, including costs.  I then sold 2 BMY Jan10 26 Covered Calls for a net deposit of $46.49 in an IRA account.  My basis for these BMY shares is 24.77. I just wrote about 2 BMY 21 Dec09 Covered Calls being called away.  I decided [...]

On 11/24/09, 2 BMY Dec09 21 Covered Calls were called away from me for a net deposit of $4,179.90 in an IRA account. My basis for these BMY shares was 19.13 per share givingme a realized profit of $353.90, excluding dividends received.  $205.48 of that profit was already realized as option premiums received since I [...]

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. On 11/23/09, I received notice of the following dividends paid in an IRA account for a total of $18.00:         I use my [...]