New Position Summary

The following CSP positions were established today. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	DTE	Invested	Income	ROI	AROI
ADM	$41.86	P	$40.00	10/28/2016	30	$4,000.00	$29.00	0.73%	8.82%
CL	$73.57	P	$70.00	10/28/2016	30	$7,000.00	$30.00	0.43%	5.21%
TGT	$67.85	P	$64.00	10/28/2016	30	$6,400.00	$26.00	0.41%	4.94%
TIF	$71.14	P	$65.50	10/28/2016	30	$6,550.00	$24.00	0.37%	4.46%
WMT	$71.74	P	$68.00	10/28/2016	30	$6,800.00	$28.00	0.41%	5.01%

Definition of Terms

Price - Stock price when position was established.

Type - P=CSP (Cash Secured Put) and C=CC (Covered Call)

EXPDT - Expiration Date.

DTE - Days to expiration.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

New Position Summary

The following CSP positions were established today. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	DTE	Invested	Income	ROI	AROI
KO	$43.24	P	$42.50	9/30/2016	31	$4,250.00	$35.00	0.82%	9.70%
MSFT	$57.89	P	$56.50	9/30/2016	31	$5,650.00	$43.00	0.76%	8.96%
PG	$87.54	P	$86.00	9/30/2016	31	$8,600.00	$76.00	0.88%	10.41%
TIF	$71.98	P	$69.00	9/16/2016	17	$6,900.00	$47.00	0.68%	14.62%
YUM	$90.78	P	$88.50	9/16/2016	17	$8,850.00	$57.00	0.64%	13.83%

Definition of Terms

Price - Stock price when position was established.

Type - P=CSP (Cash Secured Put) and C=CC (Covered Call)

EXPDT - Expiration Date.

DTE - Days to expiration.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

New Position Summary

The following CSP positions were established today. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	DTE	Invested	Income	ROI	AROI
ABC	$88.17	P	$85.00	9/16/2016	23	$8,500.00	$40.92	0.48%	7.64%
ADM	$43.26	P	$41.00	9/23/2016	30	$4,100.00	$31.92	0.78%	9.47%
CL	$74.26	P	$72.50	9/23/2016	30	$7,250.00	$47.92	0.66%	8.04%
DE	$87.39	P	$83.00	9/23/2016	30	$8,300.00	$64.92	0.78%	9.52%

Definition of Terms

Price - Stock price when position was established.

Type - P=CSP (Cash Secured Put) and C=CC (Covered Call)

EXPDT - Expiration Date.

DTE - Days to expiration.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

New Position Summary

The following CSP positions were established today. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	DTE	Invested	Income	ROI	AROI
LOW	$77.42	P	$73.50	9/23/2016	32	$7,350.00	$37.00	0.50%	6.04%
TGT	$70.45	P	$68.50	9/23/2016	32	$6,850.00	$80.00	1.17%	10.64%
VFC	$64.52	P	$62.50	9/16/2016	25	$6,250.00	$55.00	0.88%	14.93%
WMT	$72.81	P	$71.00	9/23/2016	32	$7,100.00	$62.00	0.87%	8.98%

Definition of Terms

Price - Stock price when position was established.

Type - P=CSP (Cash Secured Put) and C=CC (Covered Call)

EXPDT - Expiration Date.

DTE - Days to expiration.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

New Position Summary

The following CSP positions were established today. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	DTE	Invested	Income	ROI	AROI
ABC	$88.62	P	$87.50	8/19/2016	10	$8,750.00	$61.92	0.71%	25.83%
CVS	$97.45	P	$96.00	8/26/2016	17	$9,600.00	$50.92	0.53%	11.39%
MSFT	$58.20	P	$57.00	8/26/2016	17	$5,700.00	$38.92	0.68%	14.66%
NSC	$89.25	P	$87.00	8/26/2016	17	$8,700.00	$69.91	0.80%	17.25%
PII	$95.75	P	$85.00	9/16/2016	38	$8,500.00	$55.00	0.65%	6.22%
YUM	$89.04	P	$86.50	8/26/2016	17	$8,650.00	$44.92	0.52%	11.15%

Definition of Terms

Price - Stock price when position was established.

Type - P=CSP (Cash Secured Put) and C=CC (Covered Call)

EXPDT - Expiration Date.

DTE - Days to expiration.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

New Position Summary

The following CSP positions were established today. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	DTE	Invested	Income	ROI	AROI
MON	$85.99	P	$80.00	2/19/2016	8	$8,000.00	$58.91	0.74%	33.60%
UTX	$85.02	P	$82.50	2/19/2016	8	$8,250.00	$71.91	0.87%	39.77%

Definition of Terms

Price - Stock price when position was established.

Type - P=CSP (Cash Secured Put) and C=CC (Covered Call)

EXPDT - Expiration Date.

DTE - Days to expiration.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

Back with New Positions

I'm back after a 10 month hiatus. Work got extremely busy last year and I didn't have the time or energy to devote to my portfolio or this blog. I'm still busy at work but will try to find sometime to trade and post, hopefully monthly. It's very time consuming to post all the details of every trade and monthly returns, so going forward I'll only post a table of new positions as I enter them. I will not be posting followup trades or monthly returns. This will lessen the burden of maintaining this blog while hopefully still providing some useful information.

To make this portfolio easier to manage I've decided to focus on companies who've increased dividends for 10+ consecutive years. These are companies I'd like to own for the long term. To establish positions I'll sell Put options on these stocks, below Morningstar's Fair Value, where the Bid price is greater than or equal to the quarterly dividend. This will allow me to collect "synthetic" dividends every month until assigned, after which I'll hold the positions to collect the "real" dividends. This will require a lot less trading, since I'll only need to trade once a month to establish new positions if needed. If/when work gets less busy (wishful thinking) I'll revise this plan.

The following CSP positions were established today. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	DTE	Invested	Income	ROI	AROI
AMP	$79.15	P	$75.00	2/19/2016	10	$7,500.00	$85.00	1.13%	58.84%
COP	$33.57	P	$28.00	2/19/2016	10	$2,800.00	$25.00	0.89%	35.21%
GPS	$23.29	P	$22.00	2/19/2016	10	$2,200.00	$27.00	1.23%	49.62%
TIF	$62.17	P	$59.00	2/19/2016	10	$5,900.00	$45.00	0.76%	34.59%
VFC	$56.63	P	$50.00	2/19/2016	10	$5,000.00	$35.00	0.70%	30.59%
WSM	$52.11	P	$50.00	2/19/2016	10	$5,000.00	$45.00	0.90%	43.73%

Definition of Terms

Price - Stock price when position was established.

Type - P=CSP (Cash Secured Put) and C=CC (Covered Call)

EXPDT - Expiration Date.

DTE - Days to expiration.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

Proposed Rule To Ban Options From Self-Directed IRAs

The U.S. Department of Labor (DOL) has issued a proposed rule that would take away the current ability of self-directed individual investors to use listed-options in their IRAs. You can voice your concern directly to the DOL but MUST DO SO BEFORE SEPT 24, 2015, when the comment period ends. To comment, follow the instructions here. Thanks to Born to Sell for providing this information.

Options Expiration Report for Apr 24 2015

The following CC positions expired and will be continued. All prices include IB commissions.

Trade History for Coach (COH)

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
5/1/2014	COH		CSP Margin Used	CSP 100 COH @ 43.00		($4,300.00)
5/1/2014	COH	$44.11	Initial Put Option	STO 1 MAY 30 '14 43 Put @ 0.49	Expired		$49.09
5/30/2014	COH		CSP Margin Returned	CSP 100 COH @ -43.00		$4,300.00
5/30/2014	COH	$40.71	Stock Assigned	AS 1 MAY 30 '14 43 Put @ -43.00		($4,300.00)
6/30/2014	COH		Dividend Received	DIV 100 Dividend @ 0.34			$33.75
9/29/2014	COH		Dividend Received	DIV 100 Dividend @ 0.34			$33.75
12/29/2014	COH		Dividend Received	DIV 100 Dividend @ 0.34			$33.75
2/24/2015	COH	$43.04	Continued Trade	STO 1 MAR 20 '15 44 Call @ 0.45	Expired		$44.61
3/30/2015	COH		Dividend Received	DIV 100 Dividend @ 0.34			$33.75
4/16/2015	COH	$43.01	Continued Trade	STO 1 APR 24 '15 43 Call @ 0.55	Expired		$54.61
3/20/2015	COH			Totals		($4,300.00)	$194.95
DTE	323			Percent Income/Annualized		4.53%	5.12%

Trade History for Medtronic (MDT)

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
6/30/2014	MDT		CSP Margin Used	CSP 100 MDT @ 63.00		($6,300.00)
6/30/2014	MDT	$63.69	Initial Put Option	STO 1 JUL 25 '14 63 Put @ 0.86	Assigned		$86.09
7/25/2014	MDT		CSP Margin Returned	CSP 100 MDT @ -63.00		$6,300.00
7/25/2014	MDT	$62.90	Stock Assigned	AS 1 JUL 25 '14 63 Put @ -63.00		($6,300.00)
7/28/2014	MDT	$62.76	Continued Trade	STO 1 AUG 01 '14 63 Call @ 0.29	Expired		$29.09
10/24/2014	MDT		Dividend Received	DIV 100 Dividend @ 0.31			$30.50
7/28/2014	MDT	$62.76	Continued Trade	STO 1 AUG 01 '14 63 Call @ 0.29	Expired		$29.09
1/7/2015	MDT	$72.44	Continued Trade	STO 1 JAN 30 '15 73 Call @ 1.40	Expired		$140.26
1/16/2015	MDT		Dividend Received	DIV 100 Dividend @ 0.31			$30.50
2/24/2015	MDT	$78.97	Continued Trade	STO 1 MAR 27 '15 80 Call @ 0.91	Expired		$91.26
3/30/2015	MDT	$78.39	Continued Trade	STO 1 APR 24 '15 79 Call @ 1.08	Expired		$108.26
4/17/2015	MDT		Dividend Received	DIV 100 Dividend @ 0.31			$30.50
4/24/2015	MDT			Totals		($6,300.00)	$545.05
DTE	298			Percent Income/Annualized		8.65%	10.60%

Trade History for Philip Morris (PM)

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
3/2/2015	PM		CSP Margin Used	CSP 100 PM @ 82.00		($8,200.00)
3/2/2015	PM	$82.89	Initial Put Option	STO 1 MAR 27 '15 82 Put @ 1.14	Assigned		$113.91
3/27/2015	PM		CSP Margin Returned	CSP 100 PM @ -82.00		$8,200.00
3/27/2015	PM	$76.79	Stock Assigned	AS 1 MAR 27 '15 82 Put @ -82.00		($8,200.00)
4/16/2015	PM	$84.96	Continued Trade	STO 1 APR 24 '15 85 Call @ 0.51	Expired		$51.26
4/26/2015	PM			Totals		($8,200.00)	$113.91
DTE	55			Percent Income/Annualized		1.39%	9.22%

The following CC positions were called away at the strike price and were closed. All prices include IB commissions.

Trade History for Baxter International (BAX)

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
3/3/2015	BAX		CSP Margin Used	CSP 100 BAX @ 69.00		($6,900.00)
3/3/2015	BAX	$69.32	Initial Put Option	STO 1 MAR 27 '15 69 Put @ 1.10	Assigned		$109.91
3/27/2015	BAX		CSP Margin Returned	CSP 100 BAX @ -69.00		$6,900.00
3/27/2015	BAX	$68.55	Stock Assigned	AS 1 MAR 27 '15 69 Put @ -69.00		($6,900.00)
3/30/2015	BAX	$68.58	Continued Trade	STO 1 APR 24 '15 69 Call @ 0.88	Assigned		$88.26
4/24/2015	BAX	$71.14	Stock Called	AS 1 APR 24 '15 69 Call @ 69.00		$0.00	$6,900.00
4/24/2015	BAX			Net Cost/Profit-Loss		($6,900.00)	$198.17
Days Held	52			Percent Profit-Loss/Annualized		2.87%	20.16%

Trade History for Occidental Petroleum (OXY)

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
3/2/2015	OXY		CSP Margin Used	CSP 100 OXY @ 74.50		($7,450.00)
3/2/2015	OXY	$71.95	Initial Put Option	STO 1 MAR 20 '15 74.5 Put @ 0.75	Assigned		$74.91
3/20/2015	OXY		CSP Margin Returned	CSP 100 OXY @ -74.50		$7,450.00
3/20/2015	OXY	$72.72	Stock Assigned	AS 1 MAR 20 '15 74.5 Put @ -74.50		($7,450.00)
3/30/2015	OXY	$74.14	Continued Trade	STO 1 APR 24 '15 74.5 Call @ 1.45	Assigned		$144.91
4/24/2015	OXY	$79.77	Stock Called	AS 1 APR 24 '15 74.5 Call @ 74.50		$0.00	$7,450.00
4/24/2015	OXY			Net Cost/Profit-Loss		($7,450.00)	$219.82
Days Held	53			Percent Profit-Loss/Annualized		2.95%	20.32%

Trade History for Exxon Mobil(XOM)

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
3/2/2015	XOM		CSP Margin Used	CSP 100 XOM @ 86.00		($8,600.00)
3/2/2015	XOM	$87.77	Initial Put Option	STO 1 MAR 27 '15 86 Put @ 1.09	Assigned		$108.91
3/27/2015	XOM		CSP Margin Returned	CSP 100 XOM @ -86.00		$8,600.00
3/27/2015	XOM	$83.58	Stock Assigned	AS 1 MAR 27 '15 86 Put @ -86.00		($8,600.00)
3/30/2015	XOM	$85.60	Continued Trade	STO 1 APR 24 '15 86 Call @ 1.24	Assigned		$124.26
4/24/2015	XOM	$86.97	Stock Called	AS 1 APR 24 '15 86 Call @ 86.00		$0.00	$8,600.00
4/24/2015	XOM			Net Cost/Profit-Loss		($8,600.00)	$233.17
Days Held	53			Percent Profit-Loss/Annualized		2.71%	18.67%

PM - Continued

A continuation trade was made 4/16 on Philip Morris (PM). All prices include IB commissions.

Trade History

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
3/2/2015	PM		CSP Margin Used	CSP 100 PM @ 82.00		($8,200.00)
3/2/2015	PM	$82.89	Initial Put Option	STO 1 MAR 27 '15 82 Put @ 1.14	Assigned		$113.91
3/27/2015	PM		CSP Margin Returned	CSP 100 PM @ -82.00		$8,200.00
3/27/2015	PM	$76.79	Stock Assigned	AS 1 MAR 27 '15 82 Put @ -82.00		($8,200.00)
4/16/2015	PM	$84.96	Continued Trade	STO 1 APR 24 '15 85 Call @ 0.51			$51.26
4/19/2015	PM			Totals		($8,200.00)	$113.91
DTE	48			Percent Income/Annualized		1.39%	10.56%