Retirement Income

Stocks and Options

August 27th, 2008 at 7:37 pm

ValueClick Inc (VCLK) – Sold Sep08 Calls

On 8/25/08, I sold 2 VLCK Sep08 15 Covered Calls for a net deposit of $20.50 in my taxable account.  My basis is now 23.09.

VCLK does not pay a dividend so does not meet my general investing philosophy.  It also does not provide very good option premiums at this time.  Unless something changes, I will continue to chip away at my basis until I can get VCLK sold at a profit or at least a break even.

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