With the market down big today I added to my MO position in my retirement account. I bought the stock at 27.30 and sold the Dec 17 2011 27 call for .82. My cost basis taking into account the new short call, my prior purchase, reinvestment of dividends and commissions is $25.28.
Due to economic uncertainty, heavy global debt load and my belief that we are in a secular bear market I have once again chosen to write my call in the money.
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