On 3/23/09, I sold 2 DSX Apr09 15 Covered Calls for a net deposit of $70.50 in an IRA account.  My basis for these DSX shares is now 34.72, excluding dividends received.

My basis would have been lower for DSX except that a couple of months ago I needed to roll the Calls out and up which resulted in a net loss on the roll out.  This happens now and then, especially when the market is rapidly moving up.  Usually I can get a higher strike price without taking the loss by rolling farther out but, as in this case, sometimes I am uneasy that the stock might keep moving higher too fast and effectively prevent me from rolling up at all.