Trade Continuation: Altria Group (MO) Covered Call

In a Roth IRA with the DOW up 230 and MO at 27.80 I continued this investment as follows:

09/01/2011  10:28:40 Bought 200 MO @ 27.2695                                        -5,463.89

09/01/2011  10:30:16 Sold 2 MO Oct 22 2011 27.0 Call @ 0.8                          148.50

10/11/2011  03:58:13 QUALIFIED DIVIDEND (MO)                                            82.00

10/18/2011  13:42:00 Bought 2 MO Oct 22 2011 27.0 Call @ 0.67                  -145.52

10/18/2011  13:42:54 Sold 2 MO Nov 19 2011 27.0 Call @ 1.05                        198.47

11/11/2011  15:39:19 Bought 2 MO Nov 19 2011 27.0 Call @ 0.87                  -185.53 

11/11/2011  15:40:38 Sold 2 MO Jan 21 2012 27.0 Call @ 1.28                        244.47

Our cost basis/downside protection is $25.60/share. In addition we are set up to collect another $82 dividend which will lower our amount invested to $25.21. If we get assigned it will probably happen the 3rd week of December so the option buyer can collect the dividend. The called return will earn ~$260 or 4.8% which equates to ~22.69% annually. If the shares drop below 27 we will collect another $82 dividend and we'll write a fresh call. Our yield on cost is 6.4%. The assigned return on this high yield Dividend Champion is yummy especially on such a conservative in the money investment.