Today I sold 3 S Nov09 6 Covered Calls for a net deposit of $17.73 in an IRA account.  My basis for these S shares is now 21.22, excluding dividends received.

What do I say about Sprint?  I just continue to hold them for the paltry options premium I occasionally receive.  I suspect that one day, something big will happen and they will be called away below my basis when I am not paying too much attention to it.  I should probably sell it and try to find a better use for the money but having sold these Covered Calls I defer that idea to another day.