On Friday, 9/26/08, I BTC 2 ACI Jan09 40 Puts and STO 2 ACI Jan10 40 Puts in my taxable account for a net deposit of $481.00 in my taxable account.

I wouldn’t mind owning some ACI but this is my taxable account and I am still working on reducing margin exposure in it.  ACI does pay a dividend of .09 per quarter which is about 1.19% and has pretty good option premium but I just don’t want to spend the cash on it right now when I can generate cash without increasing my potential liability.

If put to me right now my basis for these ACI shares would be 32.62 which is just below its closing price of 32.89 today.