This morning I was assigned 2 VCLK Jan09 30 Puts.  I then sold 2 VCLK Aug09 17.50 Calls for a net deposit of $110.50 in my taxable account.  My basis for VCLK is now 23.19 after accumulated option premiums.

VCLK does not pay dividends so is does not match my current investment objectives.  I will be looking to sell Covered Calls on VCLK until is called away at a price at or above my basis.  I sold the 17.50 Calls with the belief that it will not reach that price before August expiration.  My plan is to roll it out if necessary to continue to harvest the premium until the strike price is above my basis.