Trade Continuation: Microsoft (MSFT) Covered Call

This afternoon I continued my recent MSFT trade as follows:

11/01/2011  13:29:58 Bought 200 MSFT @ 26.029                                      -5,215.79

11/01/2011  13:31:11 Sold 2 MSFT Nov 4 2011 26.0 Call @ 0.36                        60.47

11/04/2011  14:52:03 Bought 2 MSFT Nov 04 2011 26.0 Call @ 0.25                 -61.52

11/04/2011  14:52:44 Sold 2 MSFT Dec 17 2011 26.0 Call @ 0.88                     164.45  

I really got my panties in a wad over this little trade. MSFT was ~26.23 at the time I rolled the position. None of my options were very exciting. I decided to set myself up to collect the .20 dividend and lower the amount I had in the position to $5052.39 ($25.26/share) by rolling the call. If and when I collect the dividend I will have $25.06/share invested.

Maybe this position will be the one where I reach my goal of collecting income until I have zero dollars invested out of pocket... :)

Note: We will be receiving the MSFT dividend.