I sold 2 ALSK Jan09 12.50 Covered Calls on 10/20/08 for a net deposit of $40.50 in an IRA account.  My basis for these ALSK shares is now 14.50.

ALSK pays a dividend of .215 per quarter.  I can normally sell ALSK Calls closer in but with the market so far down I was not able to do so this month.  It is my current intention to continue to hold ALSK for the dividends and for the option premiums.