I am a little more bullish on GE + with earnings next month a surprise could lurk and they could go up. I bought GE at 6.88 (7500 shares) I bought a while ago ago leap puts for 7.50 (they expire in jan 2010 I dont want to give up the upside but It would be nice to keep collecting "Dividends" since GE cut the dividend to 10 cents. I figure it should be no problem to write 75 calls for a strike 14 that expire in june for 81 cents then buy 75 calls for a strike 15 that expire in june for 41 cents. then I get to keep 40 cent "dividend" If ge stays between 14 and 15 I lose the GE stock but I did not give up a big upside. Right now my principal at least is protected with the put. But I dont like to just have stock sitting around not working or earning its keep so I figure if I can keep milking this GE cow I would be happy. GE has been kind of sideways.