On 7/22/08, I sold 2 CCJ Aug08 40 Covered Calls for a net deposit of $190.50 in an IRA account.  My basis for CCJ, excluding dividends, is now 36.95.
Although CCJ does pay a small dividend (.06 per share per quarter) it is not the primary reason that I own the stock.  The option premium is why [...]

On 7/22/08, I sold 11 GGC Aug08 5 Covered Calls for a net deposit of $30.75 in my taxable account and an IRA account.  My basis, not considering dividends is now 17.40 and 19.09 for the two lots.
You may notice that chipping sound again as I slowlyreduce my basis in GGC.  GGC’s dividend, at .08 [...]

On 7/22/08, I sold 2 BAC Aug08 35 Covered Calls for a net deposit of $56.50 in an IRA account.  After option premiums, but without considering dividends, my basis is now 45.77 for these BAC shares.
BAC pays a decent dividend at .64 per share per quarter for a 7.91% annualized return.  BAC reaffirmed this dividend [...]