On Wednesday, 9/23/09, I BTC 5 AA Oct09 12.50 Covered Calls and ST) 5 Apr10 14 Covered Calls for a net deposit of $182.44 in an IRA account.  My basis for these AA shares is now 28.09, excluding dividends received.

Documenting this trade finally catches me up with all of my investing activity.

What do I say about AA?  Two years ago it was trading comfortably between 30 and 40.  Today, it is trying to recover from its March depth of 4.94.  Like many stocks it has been moving up pretty steadily from March with minor corrections along the way.  As the world economy and demand for aluminum increases so should the price of AA.

AA is also one of those companies that reduced it dividend.  It used to pay .17 per share and has reduced that dividend to .03 per share, including for the current quarter.  I look forward to the day when the dividend begins to recover.  In the meantime, I expect that I will continue to hold AA and collect the dividends such as they are and collect option premiums such as they are.