Yesterday I BTC 4 KMX Oct08 25 Puts and STO 4 KMX Apr09 25 Puts for a net deposit of $457.99 in an IRA account. If assigned my basis would now be 18.87 if these KMX shares are assigned to me.
KMX does not pay a dividend so it does not meet my general investment philosophy. I intend to continue to roll KMX out and gather the option premium as long as I can. At some point (when my basis is well below the current price) I will probably let it be assigned to me and sell Covered Calls with the goal of having it called away.