Today, Mar 1, 2010, I BTC 2 IR Mar10 30 Covered Calls and STO 2 IR Jan11 32.50 Covered Calls for a net deposit of $176.93 in an IRA account.  My basis for these IR shares is now 48.58, excluding dividends received.
These transactions not only increased my strike price by $2.50 but also allowed me [...]

Today, Feb25, 2010, I sold 2 BVF Jul10 12.50 Puts for a net deposit of $98.46 in an IRA account.  My basis for these shares, if Put to me, will be 12.01.
BVF does not have a stellar yield but it does currently return about 2.49%.  That is .09 per quarter and is down from .375 per [...]

Yesterday, Feb 23, 2010, I sold 4 NLY Jul10 19 Covered Calls for a net deposit of $90.94 in an IRA account.  My basis for these NLY shares is now 17.42, excluding dividends received.
I have been an owner of NLY shares for some time.  I had 400 shares called away in Dec09 at 17.50 when [...]