Yesterday, 7/27/10, I sold 1 DD Aug10 40 Put for a net deposit of $96.21 in my taxable account.  My basis for these DD shares, if put to me, would be 39.04, excluding trading costs. This option trade produces about a 2.3% simple return and about a 36% annualized return on the potential assigned cost [...]

Yesterday 7/27/10, I sold 4 NLY Jan11 19 Calls for a net deposit of $122.96 in an IRA account.  My basis for these NLY shares is now 17.11, excluding dividends received. I would prefer to have sold Calls with an earlier expiration date but I needed to go further out in order to get a [...]

Many of the stocks that I own and write Covered Calls upon also pay dividends.  Dividends occur on a regular basis and add significantly to my annual investment income.  Year to date I have received a total of $3,856.15 in dividends in my various accounts for 2010.  My year to date average monthly dividends received [...]