On 3/23/09, I sold 10 GE Apr09 12 Covered Calls for a net deposit of $199.50 in several IRA accounts.  My basis for these GE shares varies from 9.29 to 11.56, excluding dividends.

500 of these GE shares were in the money and put to me in March at 10.  It is a little novel lately that I am actually able to write Covered Calls above my basis for the stock.  GE took a hit today(along with a lot of others) and is below 10 again.  If it continues to go down I may need to sell some new Puts at the 5 strike or below if I can.  I don’t really expect GE to get there but would like to capture the premium if I can.