I BTC 2 DSX Jun08 40 Puts and STO 2 DSX Sep08 40 Puts for a net deposit of $281.01 in my taxable account.
I debated whether or not to roll these out. DSX pays a good dividend, currently 10.09%, and has been raising it each quarter this year. If assigned DSX in Jun08 I would have owned it at 33.79. It is currently at 32.83. I could then have sold out of the money covered calls for a decent premium and potential additional income if called away. But then I decided to roll the Puts out and gather that additional premium instead. Maybe next time.