Yesterday, Feb 22, 10, I sold 8 ETFC Jul10 2 Calls for a net deposit of $63.89 in an IRA account.  My basis for these ETFC shares is now 17.01.

I believe I said in an earlier post that I am willing to let ETFC go at the $2 strike price.  ETFC does not meet my goals for a stock as it does not pay a dividend and has a low option yield.  I sell the $2 strike with the idea that I will milk it as long as possible, which may include rolling out at the same strike or up if possible as long as the transaction will result in a net deposit into my account. Sooner or later ETFC will be out of my accounts.