No...I forget what the option premium was worth. I think it might have been about $1,600. Boeing dropped their dividend at that time too. $10,000./ $1,600. over a year...16% annual return...I can live with that!! It could have been a lot worse, if planes kept dropping out of the sky...
That doesn't jive with what you said previously "Very little downside (but still some)." But if you are satisfied with income over capital appreciation have at it.