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Taxmantoo

03/24/09 10:06 AM

#54668 RE: Taxmantoo #54221

Well, it took me a week, but I sold my AINV with the GTC order I placed after it went ex-div, $2.60. So I made a penny on the shares, and 26 pennies on the dividend, for a 10% gain in 8 days.

I sold (too soon, it appears) another round of covered calls on my most recent serving of DRYS. Paid about $4.60, sold March 5 calls for $0.30, then sold April calls for $1.00. Calls now bidding $1.20. I'm still happy, either I own the shares for $3.30 or they get called away for $1.70 gain.