Covered Calls and Cash Secured Puts

This blog will serve as a trading journal to track my covered call/cash secured put portfolio. Trade information will be posted when positions are established, adjusted and closed, as time permits. Returns will be posted at the end of each month. The information presented here is for educational purposes only. Under no circumstances does this information represent a recommendation to buy or sell any stocks or options. If you choose to use this information, you do so at your own risk.

Monday, March 2, 2015

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
COP	$64.17	P	$62.50	3/20/2015	18	$6,250.00	$79.91	1.28%	25.93%
GPS	$41.46	P	$40.50	3/20/2015	18	$4,050.00	$43.91	1.08%	21.99%
NUE	$47.03	P	$45.50	3/27/2015	25	$4,550.00	$57.26	1.26%	18.37%
OXY	$77.53	P	$74.50	3/20/2015	18	$7,450.00	$74.91	1.01%	20.39%
PM	$82.89	P	$82.00	3/27/2015	25	$8,200.00	$113.91	1.39%	20.28%
WTW	$10.46	P	$10.00	3/20/2015	18	$1,000.00	$54.61	5.46%	110.74%
XOM	$87.77	P	$86.00	3/27/2015	25	$8,600.00	$108.91	1.27%	18.49%

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.

Returns as of Feb 2015

This report includes a Monthly Statement, Income and Portfolio Value Returns for the year, and Annual Returns since 2010.

Monthly Statement for Feb 2015

Income Statement	Feb-2015

Commissions	($5.06)
Dividends	$0.00
Net Trades (Sales)	$4,114.00
Net Trades (Purchases)	$0.00
Other Fees	$0.00
Broker Interest Paid and Received	$0.00
Payment In Lieu of Dividends	$0.00
Withholding Tax	$0.00
Net Income	$4,108.94

Stocks Sold	($3,600.00)
Stocks Purchased	$0.00
Changes to Net Income	($3,600.00)

Invested Capital	$62,550.00
Total Income	$508.94
Percent Income Generated	0.81%

Account Statement	Feb-2015

Cash	$130,239.56
Stocks	$29,654.00
Options	($1,378.38)
Dividend Accruals	$0.00
Starting Value	$158,515.18

Cash	$117,798.50
Stocks	$44,342.00
Options	($786.96)
Dividend Accruals	$42.00
Ending Value	$161,395.54

Total Change in Value	$2,880.36
Percent Change in Value	1.82%

Income Returns for 2015

Reporting Period	Amount Invested	Income Generated	Percent Return
Jan	$120,500.00	$1,637.60	1.36%
Feb	$62,550.00	$508.94	0.81%
Mar	$0.00	$0.00	0.00%
Apr	$0.00	$0.00	0.00%
May	$0.00	$0.00	0.00%
Jun	$0.00	$0.00	0.00%
Jul	$0.00	$0.00	0.00%
Aug	$0.00	$0.00	0.00%
Sep	$0.00	$0.00	0.00%
Oct	$0.00	$0.00	0.00%
Nov	$0.00	$0.00	0.00%
Dec	$0.00	$0.00	0.00%
Monthly Average	$91,525.00	$1,073.27	1.17%
Average Annual Return		$2,146.54	2.35%

Account Value Returns for 2015

Reporting Period	Starting Value	Ending Value	Change in Value	Percent Return
Jan	$160,137.46	$158,515.18	($1,622.28)	-1.01%
Feb	$158,515.18	$161,395.54	$2,880.36	1.82%
Mar	$0.00	$0.00	$0.00	0.00%
Apr	$0.00	$0.00	$0.00	0.00%
May	$0.00	$0.00	$0.00	0.00%
Jun	$0.00	$0.00	$0.00	0.00%
Jul	$0.00	$0.00	$0.00	0.00%
Aug	$0.00	$0.00	$0.00	0.00%
Sep	$0.00	$0.00	$0.00	0.00%
Oct	$0.00	$0.00	$0.00	0.00%
Nov	$0.00	$0.00	$0.00	0.00%
Dec	$0.00	$0.00	$0.00	0.00%
Total Annual Return		$158,515.18	$1,258.08	0.79%

Annual Returns for 2010-Present

Reporting Period	Income Generated	Income Return	Change in Value	Value Return
This Expiration	$508.94	0.81%	$2,880.36	1.82%
YTD 2015	$2,146.54	2.35%	$1,258.08	0.79%
2014	$9,535.40	11.12%	$5,613.08	7.07%
2013	$7,229.81	9.77%	$2,219.11	3.17%
2012	$7,226.51	6.78%	$10,344.20	10.77%
2011	$12,902.95	8.82%	$6,405.99	4.61%
2010	$22,115.55	9.19%	$16,443.88	8.45%
Total Return 2010-Present	$59,010.22	45.68%	$41,026.26	34.07%
Average Annual Return 2010-Present		8.27%		7.94%

Sunday, March 1, 2015

Options Expiration Report for Feb 27 2015

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

Trade History for company (General Motors)

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
3/7/2014	GM		CSP Margin Used	CSP 100 GM @ 36.00		($3,600.00)
3/7/2014	GM	$37.62	Initial Put Option	STO 1 MAR 28 '14 36 Put @ 0.36	Expired		$35.93
3/28/2014	GM		CSP Margin Returned	CSP 100 GM @ -36.00		$3,600.00
3/28/2014	GM	$33.76	Stock Assigned	AS 1 MAR 28 '14 36 Put @ -36.00		($3,600.00)
5/1/2014	GM	$35.06	Continued Trade	STO 1 MAY 30 '14 36 Call @ 0.52	Expired		$51.91
6/4/2014	GM	$36.52	Continued Trade	STO 1 JUN 27 '14 37 Call @ 0.45	Expired		$45.09
6/26/2014	GM		Dividend Received	DIV 100 Dividend @ 0.30			$30.00
7/1/2014	GM	$37.37	Continued Trade	STO 1 AUG 01 '14 38 Call @ 0.62	Expired		$61.91
9/26/2014	GM		Dividend Received	DIV 100 Dividend @ 0.30			$30.00
12/23/2014	GM		Dividend Received	DIV 100 Dividend @ 0.30			$30.00
1/7/2015	GM	$35.63	Continued Trade	STO 1 JAN 30 '15 36 Call @ 0.63	Expired		$63.26
2/4/2015	GM	$35.94	Continued Trade	STO 1 FEB 27 '15 37 Call @ 0.36	Assigned		$35.91
2/27/2015	GM	$37.31	Stock Called	AS 1 FEB 27 '15 37 Call @ 37.00			$3,700.00
2/27/2015	GM			Net Cost/Profit-Loss		($3,600.00)	$484.01
Days Held	357			Percent Profit-Loss/Annualized		13.44%	13.75%

Tuesday, February 24, 2015

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
GDX	$0.00	P	$20.00	3/27/2015	31	$2,000.00	$65.44	3.27%	38.53%
WTW	$0.00	P	$16.00	3/20/2015	24	$1,600.00	$97.48	6.09%	92.66%

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.

QCOM - Continued

A continuation trade was made today on Qualcomm (QCOM). All prices include IB commissions.

Trade History

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
1/5/2015	QCOM		CSP Margin Used	CSP 100 QCOM @ 72.00		($7,200.00)
1/5/2015	QCOM	$71.95	Initial Put Option	STO 1 JAN 30 '15 72 Put @ 1.42	Assigned		$142.26
1/30/2015	QCOM		CSP Margin Returned	CSP 100 QCOM @ -72.00		$7,200.00
1/30/2015	QCOM	$62.46	Stock Assigned	AS 1 JAN 30 '15 72 Put @ -72.00		($7,200.00)
2/24/2015	QCOM	$71.13	Continued Trade	STO 1 MAR 27 '15 72 Call @ 0.74			$74.26
3/27/2015	QCOM			Totals		($7,200.00)	$216.52
DTE	81			Percent Income/Annualized		3.01%	13.55%

MDT - Continued

A continuation trade was made today on Medtronic Inc (MDT). All prices include IB commissions.

Trade History

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			$91.26
3/27/2015	MDT			Totals		($6,300.00)	$436.79
DTE	270			Percent Income/Annualized		6.93%	9.37%

COH - Continued

A continuation trade was made today on Coach (COH). All prices include IB commissions.

Trade History

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
12/29/2015	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			$44.61
3/20/2015	COH			Totals		($4,300.00)	$194.95
DTE	323			Percent Income/Annualized		4.53%	5.12%

Saturday, February 21, 2015

Options Expiration Report for Feb 20 2015

The following CSP positions expired and were closed. All prices include IB commissions.

Stock	Price	Type	Strike	EXPDT	Days	Invested	Income	ROI	AROI
BHP	$45.50	P	$45.00	1/17/2015	12	$4,500.00	$94.13	2.09%	63.62%
WTW	$20.70	P	$19.00	1/17/2015	12	$1,900.00	$52.26	2.75%	83.66%

Definition of Terms

Price - Stock price when position was established.

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

EXPDT - Expiration Date.

Days - Days Held.

ROI - Return on Investment.

AROI - Annualized Return on Investment.

Wednesday, February 4, 2015

GM - Continued

A continuation trade was made today on General Motors (GM). All prices include IB commissions.

Trade History

Date	Stock	Price	Description	Transaction	Status	Stock Investment	Income Generated
3/7/2014	GM		CSP Margin Used	CSP 100 GM @ 36.00		($3,600.00)
3/7/2014	GM	$37.62	Initial Put Option	STO 1 MAR 28 '14 36 Put @ 0.36	Expired		$35.93
3/28/2014	GM		CSP Margin Returned	CSP 100 GM @ -36.00		$3,600.00
3/28/2014	GM	$33.76	Stock Assigned	AS 1 MAR 28 '14 36 Put @ -36.00		($3,600.00)
5/1/2014	GM	$35.06	Continued Trade	STO 1 MAY 30 '14 36 Call @ 0.52	Expired		$51.91
6/4/2014	GM	$36.52	Continued Trade	STO 1 JUN 27 '14 37 Call @ 0.45	Expired		$45.09
6/26/2014	GM		Dividend Received	DIV 100 Dividend @ 0.30			$30.00
7/1/2014	GM	$37.37	Continued Trade	STO 1 AUG 01 '14 38 Call @ 0.62	Expired		$61.91
9/26/2014	GM		Dividend Received	DIV 100 Dividend @ 0.30			$30.00
12/23/2015	GM		Dividend Received	DIV 100 Dividend @ 0.30			$30.00
1/7/2015	GM	$35.63	Continued Trade	STO 1 JAN 30 '15 36 Call @ 0.63	Expired		$63.26
2/4/2015	GM	$35.94	Continued Trade	STO 1 FEB 27 '15 37 Call @ 0.36			$35.91
2/27/2015	GM			Totals		($3,600.00)	$384.01
DTE	357			Percent Income/Annualized		10.67%	10.91%

Sunday, February 1, 2015

Returns as of Jan 2015

This report includes a Monthly Statement, Income and Portfolio Value Returns for the year, and Annual Returns since 2010.

I starting trading again this month after 4 months off due to work. I added to some existing positions by selling puts below my original cost basis, of which 2 were assigned and combined into the existing position. I also sold puts on several other companies which all expired. Overall, not a bad start to the year.

I decided to change the Account Value section to match the Interactive Brokers statement to make it easier to maintain.

Monthly Statement for Jan 2015

Income Statement	Jan-2015

Commissions	($13.40)
Dividends	$51.50
Net Trades (Sales)	$1,607.00
Net Trades (Purchases)	($14,750.00)
Other Fees	($7.50)
Broker Interest Paid and Received	$0.00
Payment In Lieu of Dividends	$0.00
Withholding Tax	$0.00
Net Income	($13,112.40)

Stocks Sold	$0.00
Stocks Purchased	$14,750.00
Changes to Net Income	$14,750.00

Invested Capital	$120,500.00
Total Income	$1,637.60
Percent Income Generated	1.36%

Account Statement	Jan-2015

Cash	$130,501.96
Stocks	$29,584.00
Options	$0.00
Dividend Accruals	$51.50
Starting Value	$160,137.46

Cash	$130,239.56
Stocks	$29,654.00
Options	($1,378.38)
Dividend Accruals	$0.00
Ending Value	$158,515.18

Total Change in Value	($1,622.28)
Percent Change in Value	-1.01%

Income Returns for 2015

Reporting Period	Amount Invested	Income Generated	Percent Return
Jan	$120,500.00	$1,637.60	1.36%
Feb	$0.00	$0.00	0.00%
Mar	$0.00	$0.00	0.00%
Apr	$0.00	$0.00	0.00%
May	$0.00	$0.00	0.00%
Jun	$0.00	$0.00	0.00%
Jul	$0.00	$0.00	0.00%
Aug	$0.00	$0.00	0.00%
Sep	$0.00	$0.00	0.00%
Oct	$0.00	$0.00	0.00%
Nov	$0.00	$0.00	0.00%
Dec	$0.00	$0.00	0.00%
Monthly Average	$120,500.00	$1,637.60	1.36%
Average Annual Return		$1,637.60	1.36%

Account Value Returns for 2015

Reporting Period	Starting Value	Ending Value	Change in Value	Percent Return
Jan	$160,137.46	$158,515.18	($1,622.28)	-1.01%
Feb	$0.00	$0.00	$0.00	0.00%
Mar	$0.00	$0.00	$0.00	0.00%
Apr	$0.00	$0.00	$0.00	0.00%
May	$0.00	$0.00	$0.00	0.00%
Jun	$0.00	$0.00	$0.00	0.00%
Jul	$0.00	$0.00	$0.00	0.00%
Aug	$0.00	$0.00	$0.00	0.00%
Sep	$0.00	$0.00	$0.00	0.00%
Oct	$0.00	$0.00	$0.00	0.00%
Nov	$0.00	$0.00	$0.00	0.00%
Dec	$0.00	$0.00	$0.00	0.00%
Total Annual Return		$158,515.18	($1,622.28)	-1.01%

Annual Returns for 2010-Present

Reporting Period	Income Generated	Income Return	Change in Value	Value Return
This Expiration	$1,637.60	1.36%	($1,622.28)	-1.01%
YTD 2015	$1,637.60	1.36%	($1,622.28)	-1.01%
2014	$9,535.40	11.12%	$5,613.08	7.07%
2013	$7,229.81	9.77%	$2,219.11	3.17%
2012	$7,226.51	6.78%	$10,344.20	10.77%
2011	$12,902.95	8.82%	$6,405.99	4.61%
2010	$22,115.55	9.19%	$16,443.88	8.45%
Total Return 2010-Present	$59,010.22	45.68%	$41,026.26	34.07%
Average Annual Return 2010-Present		8.27%		7.94%

Join the Yahoo Group

The purpose of this Yahoo Group is to provide a forum for discussing this blog.

The discusion will focus on covered calls and naked/cash secured puts. No other option strategies will be discussed. If you currently trade covered calls and/or naked/cash secured puts, or are interested in learning how, then you're welcome to join.

Current Holdings

Company	Percent
BHP Billiton - BHP	4.39%
Coach - COH	2.52%
Fluor - FLR	7.75%
Market Vectors Gold Miners - GDX	3.66%
Medtronic - MDT	3.69%
Qualcomm - QCOM	4.21%
Weight Watchers - WTW	4.83%
Total Invested	31.03%

Current Asset Allocation

Allocation	Percent
Cash	68.97%
Stocks	27.38%
ETFs	3.66%
Total Invested	31.03%
Total Allocation	100.00%

Sector	Percent
ETFs	3.66%
Bonds - Treasury	0.00%
Commodities - Energy	0.00%
Commodities - Precious Metals	3.66%
Stocks - Domestic	0.00%
Stocks - International	0.00%
Volatility - S&P 500	0.00%
Cyclical	11.73%
Basic Materials	4.39%
Consumer Cyclical	7.34%
Financial Services	0.00%
Real Estate	0.00%
Defensive	3.69%
Healthcare	3.69%
Consumer Defensive	0.00%
Utilities	0.00%
Sensitive	11.96%
Communication Services	0.00%
Energy	0.00%
Industrials	7.75%
Technology	4.21%
Total Invested	31.03%

Covered Calls and Cash Secured Puts

Monday, March 2, 2015

New Position Summary

Returns as of Feb 2015

Monthly Statement for Feb 2015

Sunday, March 1, 2015

Options Expiration Report for Feb 27 2015

Tuesday, February 24, 2015

New Position Summary

QCOM - Continued

MDT - Continued

COH - Continued

Saturday, February 21, 2015

Options Expiration Report for Feb 20 2015

Wednesday, February 4, 2015

GM - Continued

Sunday, February 1, 2015

Returns as of Jan 2015

Monthly Statement for Jan 2015

Join the Yahoo Group

Subscribe to RSS Feed

Get Email Updates

Current Holdings

Current Asset Allocation

Categories

Blog Archive

About Me

Make a Difference

Recommended Blog Articles

Recommended Covered Call Blogs

Recommended Articles

Recommended Sites

Recommended Books

Disclaimer:

Subscribe to justcoveredcalls