On Wednesday, 9/24/08, I sold the following Covered Calls for a net deposit of $172.50 in my taxable account and various IRA accounts.

8 DIVX Dec08 10.00 – My basis for these DIVX shares ranges from 15.99 to 20.64.  I am a little concerned that DIVX may reach the strike price by December expiration because tech stocks tend to go up during the 3rd and 4th quarters.  Maybe the general economy will prevent that this year.  However, since I am still underwater on DIVX I will roll these out if necessary.  I intend to continue selling calls on DIVX until I can get it sold without taking a loss.

2 PDS Jan09 22.50 – My basis for these PDS shares is 21.45.  PDS is a good (monthly) dividend payer and occasionally has good option premiums.  I sold the Jan09 Calls because I don’t really want it called away unless I can take a profit on them.  It is my intent to hold PDS to collect the dividends and option premiums as part of my core holdings.  I will roll these calls out if necessary.  I own another 200 shares in this same IRA account.