New Trade: Microsoft MSFT Covered Call

This afternoon with the DOW down over 300 points I entered into a Microsoft covered call investment. Microsoft has been raising their dividend for seven straight years. It just raised the dividend to .20/share (3.07% annual yield) and goes ex-dividend November 15. MSFT fulfills my qualification of a stock I would like to hold long term. Here is the transaction:

11/01/2011  13:29:58 Bought 100 MSFT @ 26.029                                      -5,215.79  

11/01/2011  13:31:11 Sold 2 MSFT Nov 04 2011 26.0 Call @ 0.36                      60.47

I may take the ~1% return in 3 days on this weekly option, however, another definite possibility depending on how the next couple of days plays out, is that I will roll the trade to the next week or Nov 19 with an eye toward capturing the dividend. Of course, there is also the possibility the call expires worthless. In any event, our cost basis is $25.77.