Yesterday I sold 2 WFC Apr08 27.50 Puts for $110.50 in an IRA account.

In Feb08 I was assigned 2 WFC 30 Puts.  I was happy to own WFC (it pays a 4% dividend and I can sell options) and sold 2 Apr08 32.50 calls which were called away.  So here we go again.  Perhaps I can get WFC at an even lower price of 27.50.  If not, I still have the $110.50.

I see that WFC is up today at just over $31 as I write this.  Maybe I should write (sell) a couple of 30 puts also and collect a larger premium (currently 1.20).  I’ll watch this and see how it develops.