RE:Better math than SimpleJohnsSounds like congratulations and keep doing what you ar edoing are in order.... However I will just comment once again here. 1. Total return is always better than simple yield. 2. Yield over 7% is rarely sustainable for very long if you check the odds. 3. Call option income is not only possibl ewhen the stock is going down as you suggest. First if the stock doesn't move it natuarally generates profits but more importantly - if you studiend the subject or read all of my posts, I consistently hav eurged people to sell a portion only of their portfolio short on calls to allow one to roll out and up over multiple option expiring timeframes. Thi slowers your return somewhat but still adds a nice bump to a portfolio. I will stick to my knitting generating 20% year in and year out and you go for your 68 or 100% However it will be a miracle if you can duplicate that kind of return over a considerable time frame. My take on ALA after the dividend was cut was that it woudl only increase over time along with the stock value and price for many years. And about that 19:50 buy recommendation - as it enters that territory again the advice still holds much higher over the next 14 months or so..