On Monday, 9/22/08, I sold the following Covered Calls for a net deposit of $1049.50 in my taxable and various IRA accounts.

10 AUY Oct08 12 – My basis varies from 6.24 to 11.50 for these shares.

4 DF Oct08 25 – My basis is 33.48 for 200 and 34.28 for the other 200 shares.  I don’t expect these will exceed the strike price but will roll out if they do.

2 GOL Jan09 10 – My basis is 24.12 for these shares.  I sold to far out so that I could get a little more premium without the strike being too close in because I don’t want this called away just yet.

2 TIE Oct08 15 – My basis is 29.21 for these shares.  I doubt that TIE will get to 15 but I will roll these out if it does.

2 VCLK Oct08 12.50 – My basis is 22.95 for these shares.  I will roll these out if VCLK exceeds the strike price.

4 YHOO Oct08 21.00 – My basis is 22.73 for 200 and 24.16 for the other 200 shares.  I will roll these out if, by some chance, YHOO is exceeding the strike price as we near expiration.

2 CCJ Oct08 30.00 – My basis is 35.25 for these shares.  I will roll these out if CCJ exceeds the strike price as we near expiration.

2 AA Oct08 32.50 – My basis is 28.64 for these shares.  I will probably roll them out if AA exceeds the strike price as we near expiration.  AA pays a dividend and is a raw material producer so I have a tendancy to want to hold on to it.

And that is all for Monday’s trades.

On 8/20/08, I sold 2 GOL Sep08 Covered Calls for a net deposit of $50.50 in my taxable account.  My basis for GOL is now 24.57.

I used to say that I have not owned an airline stock since back in the 1970s.  I would like to still be able to say that.  GOL has been a disappointment for me.  Of course, it appears as if the price of oil has been the biggest reason for GOL’s price decline.

I see that GOL is suspending dividends for the rest of 2008.  However in the same article I see a reference to Brazilian corporate law that requires a company to distribute a minumum of 25% of the year’s net profits.  If necessary, GOL intends to distribute a supplemental dividend payment at year end to be in compliance with the law.

Here are the results for the options that I still had outstanding when the markets closed on Friday, 8/15/08.  I had four Put assignments and 22 Calls across multiple accounts that expired allowing me to keep all of the option premium.  The 22 Calls are summarized by stock across accounts resulting in 16 stocks being represented in the following list.  I will begin to sell Calls on these stocks starting tomorrow.