On 12/19/08, I BTC 4 YHOO Dec08 14 Covered Calls and STO 4 YHOO Jan09 15 Covered Calls for a net deposit of $262.01 in an IRA account.  My basis for these YHOO shares is now 22.94.

Like with the RYL shares I posted about a minute ago, I did not really want to make these transactions on options expiration day but was concerned that YHOO “might” rise above my 14 strike price and be called away below my basis.  There has been additional rumors of MSFT interest in at least part of YHOO which, along with the market being up, made me a little nervous about the chance that YHOO would move above my strike price.  As I said in my earlier post, I was going to be away from my computer all day and would not be able to monitor the market and make a late day trade if necessary.  Thus, my decision to make these trades while I could.