I’ve been a little nervous lately about how far and fast the market was advancing.  I had several Covered Calls that were in the money. Yesterday I decided to Buy to Close some of them with the idea that they would continue higher and I could roll them out at a higher strike price in a few days.  I did this knowing that it would probably cost me in the short term but with the belief that I would benefit in the longer term.  These transactions cost me a total of $2967.44 and raised my basis for each of the underlying stocks.  I still have BRCD and S May09 Covered Calls that are in the money.  I will continue to monitor them and roll them out if necessary prior to options expiration.   Here are the summarized transactions: