My 10 WFC Feb12 $31 Calls (in six accounts) were in the money by .09 as the option period closed and were all called away from me.  I realized a net profit of about $375 during the four weeks that I held the shares.  I held the shares prior to their ex-dividend date so I will also collect and additional $120 in dividends on 3/1/12.

I now need to decide what to do with the new cash in my accounts.  At this time I am inclined to sell the $31 weekly puts expiring next Friday, 2/24/12.  I am also considering some of the other stocks for which weekly options are offered.  Some potential candidates are GE, CSCO, HPQ, INTC and T.  All of these companies also pay a dividend and are currently in the right price range for my accounts.  In fact, GE goes ex-dividend next week on 2/23 and I just might outright purchase the stock to capture the dividend.  The down side to purchasing the stock is that I will then need to go out to March or even April to get a decent net return after trading costs.   I will make a decision on Tuesday morning as I see how the markets start the day.