On Wednesday, 9/24/08, I was assigned 3 ZQK Nov08 12.50 Puts and sold 3 ZQK Nov08 7.50 Covered Calls for a net deposit of $67.75 in my taxable account.

My basis for ZQK is now 10.48.  ZQK does not pay a dividend so I intend to sell Covered Calls until I can get it called away for a profit.  The reason I am involved with ZQK at all is because it is a local company based in Huntington Beach, CA and my son (with the new daughter) is a designer there.  Not necessarily good reasons but until this assignment I had been making money selling Puts on it.