I've been selling 3/19/11 covered 49 calls. Had planned on losing the stock but it looks like I might just pocket the money and keep the shares. Basis is 49.44. Lose or keep the stock,I'll come out ahead.
Not really. I'm going to use the money from calls and the called Abt stock at 49 to exercise Abt options I have at 32.23 before the x-dividend date, 4/13. Also have sold HSP 3/19 55 calls and stock to exercise Abt options. These two actions plus some cash from bonds maturing this month will allow a significant increase in Abt stock just for the dividend. I'm planning on selling May calls before 4/13 to protect myself from a drop in stock price after it goes x-dividend. Then sell Abt after 4/13 to diversify my holdings.