MMM - New Position

A new dividend position was established today on 3M Company (MMM). The following is the trade information, including IB commissions:

01-Jul-09 - Initial Stock Position - BTO 100 MMM @ 60.84
01-Jul-09 - Initial Call Option - STO 1 Aug09 60.00 Call @ 2.90
11-Sep-09 - Dividend Received - DIV 100 Dividend @ 0.51

3M Company is a fundamentally solid wide moat company, with 10 consecutive years of positive cash flow, and 50 consecutive years of dividend increases. They should declared a quarterly dividend of $0.51, with ex-dividend date approximately on 8/10, payable approximately on 9/11.

I analyzed doing either a covered call (CC) or a cash secured put (CSP) and decided to do the CC trade to capture the dividend, since it had a slightly better profit than the CSP.

Summary without the dividend if called early the day before Ex-Dividend date:

Stock Investment: $6,084.00
Income Generated: $290.00
Percent Income Generated: 4.77%
Annualized Income Generated: 43.50%
Net Profit If Called: $206.00
Percent Return If Called: 3.39%
Annualized Return If Called: 30.90%
Days Held to Ex-Dividend Date: 40 days

Summary with the dividend if called at option expiration:

Stock Investment: $6,084.00
Income Generated: $341.00
Percent Income Generated: 5.60%
Annualized Income Generated: 40.11%
Net Profit If Called: $257.00
Percent Return If Called: 4.22%
Annualized Return If Called: 30.23%
Days Held to Expiration: 51 days

Dividend Information:

Ex-Dividend Date: 08/10/09 approx.
Dividend Pay Date: 09/11/09 approx.
Dividend Rate: $2.04 ($0.51/quarter)
Dividend Yield on Cost: 3.53%

ABT - New Position

A new dividend position was established today on Abbott Laboratories (ABT). The following is the trade information, including IB commissions:

29-Jun-09 - Initial Stock Position - BTO 100 ABT @ 47.77
29-Jun-09 - Initial Call Option - STO 1 Jul09 47.00 Call @ 1.37
15-Aug-09 - Dividend Received - DIV 100 Dividend @ 0.40

Abbott Laboratories is a fundamentally solid wide moat company, with 10 consecutive years of positive cash flow, and 36 consecutive years of dividend increases. They declared a quarterly dividend on 6/12 of $0.40, with ex-dividend date on 7/15, payable on 8/15.

I analyzed doing either a covered call (CC) or a cash secured put (CSP) and decided to do the CC trade to capture the dividend, since it had a slightly better profit than the CSP.

Summary without the dividend if called early the day before Ex-Dividend date:

Stock Investment: $4,777.00
Income Generated: $137.00
Percent Income Generated: 2.87%
Annualized Income Generated: 65.42%
Net Profit If Called: $60.00
Percent Return If Called: 1.26%
Annualized Return If Called: 28.65%
Days Held to Ex-Dividend Date: 16 days

Summary with the dividend if called at option expiration:

Stock Investment: $4,777.00
Income Generated: $177.00
Percent Income Generated: 3.71%
Annualized Income Generated: 75.13%
Net Profit If Called: $100.00
Percent Return If Called: 2.09%
Annualized Return If Called: 42.45%
Days Held to Expiration: 18 days

Dividend Information:

Ex-Dividend Date: 07/15/09
Dividend Pay Date: 08/15/09
Dividend Rate: $1.60 ($0.40/quarter)
Dividend Yield on Cost: 3.35%

NSC - New Position

A new position was established today on Norfolk Southern Corp (NSC). The following is the trade information, including IB commissions:

25-Jun-09 - Initial Put Option - STO 1 Jul09 38.00 Put @ 1.10
25-Jun-09 - Cash to Secure Put - CSP 100 NSC @ 38.00

Norfolk Southern Corp is a fundamentally solid narrow moat company, with 8 out of 10 years of positive cash flow, and 7 consecutive years of dividend increases.

I analyzed doing either a covered call (CC) or a cash secured put (CSP) and decided to do the CSP, since it had a slightly better profit than the CC.

Cash to Secure Put: $3,800.00
Income Generated: $110.00
Percent Income Generated: 2.89%
Annualized Income Generated: 48.03%
Net Profit If Expired: $110.00
Percent Return If Expired: 2.89%
Annualized Return If Expired: 48.03%
Days Held to Expiration: 22 days

COP - New Position

A new position was established today on ConocoPhillips (COP). The following is the trade information, including IB commissions:

25-Jun-09 - Initial Put Option - STO 1 Jul09 41.00 Put @ 1.14
25-Jun-09 - Cash to Secure Put - CSP 100 COP @ 41.00

ConocoPhillips is a fundamentally solid narrow moat company, with 10 consecutive years of positive cash flow, and 8 consecutive years of dividend increases.

I analyzed doing either a covered call (CC) or a cash secured put (CSP) and decided to do the CSP, since it had a slightly better profit than the CC.

Cash to Secure Put: $4,100.00
Income Generated: $114.25
Percent Income Generated: 2.79%
Annualized Income Generated: 46.23%
Net Profit If Expired: $114.25
Percent Return If Expired: 2.79%
Annualized Return If Expired:
Days Held to Expiration: 22 days

CAT - New Position

A new dividend position was established today on Caterpillar (CAT). The following is the trade information, including IB commissions:

25-Jun-09 - Initial Stock Position - BTO 100 CAT @ 34.28 -
25-Jun-09 - Initial Call Option - STO 1 Jul09 34.00 Call @ 1.46 -
20-Aug-09 - Dividend Received - DIV 100 Dividend @ 0.42 -

Caterpillar is a fundamentally solid wide moat company, with 9 out of 10 years of positive cash flow, and 15 consecutive years of dividend increases. They declared a quarterly dividend on 6/10 of $0.42, with ex-dividend date on 7/16, payable on 8/20.

I analyzed doing either a covered call (CC) or a cash secured put (CSP) and decided to do the CC trade to capture the dividend, since it had a slightly better profit than the CSP.

Summary without the dividend if called early the day before Ex-Dividend date:

Stock Investment: $3,428.00
Income Generated: $146.00
Percent Income Generated: 4.26%
Annualized Income Generated: 77.73%
Net Profit If Called: $118.00
Percent Return If Called: 3.44%
Annualized Return If Called: 62.82%
Days Held to Ex-Dividend Date: 20 days

Summary with the dividend if called at option expiration:

Stock Investment: $3,428.00
Income Generated: $188.00
Percent Income Generated: 5.48%
Annualized Income Generated: 90.99%
Net Profit If Called: $160.00
Percent Return If Called: 4.67%
Annualized Return If Called: 77.44%
Days Held to Ex-Dividend Date: 22 days

Dividend Information:

Ex-Dividend Date: 07/16/09
Dividend Pay Date: 08/20/09
Dividend Rate: $1.68 ($0.42/per quarter)
Dividend Yield on Cost: 4.90%

VMC - Adjustment

The following adjustment was made today on Vulcan Materials (VMC):

24-Jun-09 - Interim Trade - STO 2 Jul09 50.00 Call @ 0.35 -

Current Position Summary:

Stock Investment: $16,005.00
Income Generated: $1,720.40
Percent Income Generated: 10.75%
Annualized Income Generated: 9.25%
Net Profit If Called: -$4,284.60
Percent Return If Called: -26.77%
Annualized Return If Called: -23.05%
Days Held to Expiration: 424 days

Trade History:

19-May-08 - Initial Stock Position - BTO 100 VMC @ 83.94 -
19-May-08 - Initial Call Option - STO 1 Jun08 85.00 Call @ 3.09 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.85 - Closed
14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
13-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 - Expired
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
24-Nov-08 - Interim Trade - STO 1 Dec08 55.00 Call @ 0.99 - Closed
09-Dec-08 - Buy Back and Roll Out/Up - BTC 1 Dec08 55.00 Call @ -21.41 -
09-Dec-08 - Second Stock Position - BTO 100 VMC @ 76.11 -
09-Dec-08 - Combined Cost Basis - $16,005.00 200 @ 80.03 -
09-Dec-08 - Interim Trade - STO 2 May09 80.00 Call @ 10.31 - Closed
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
12-Feb-09 - Buy Back and Roll In/Down - BTC 2 May09 80.00 Call @ -0.14 -
12-Feb-09 - Interim Trade - STO 2 Mar09 55.00 Call @ 0.54 - Expired
10-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.49 -
24-Mar-09 - Interim Trade - STO 2 May09 45.00 Call @ 2.21 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May09 45.00 Call @ -5.80 -
04-May-09 - Interim Trade - STO 2 Jun09 45.00 Call @ 6.50 - Expired
10-Jun-09 - Dividend Received - DIV 200 Dividend @ 0.49 -
24-Jun-09 - Interim Trade - STO 2 Jul09 50.00 Call @ 0.35 -

USB - Adjustment

The following adjustment was made today on US Bancorp (USB):

24-Jun-09 - Interim Trade - STO 1 Aug09 20.00 Call @ 0.49 -

Current Position Summary:

Stock Investment: $3,494.00
Income Generated: $749.30
Percent Income Generated: 21.45%
Annualized Income Generated: 15.23%
Net Profit If Called: -$744.70
Percent Return If Called: -21.31%
Annualized Return If Called: -15.14%
Days Held to Expiration: 514 days

Trade History:

25-Mar-08 - Initial Stock Position - BTO 100 USB @ 34.94 -
25-Mar-08 - Initial Call Option - STO 1 May08 35.00 Call @ 1.39 - Expired
15-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 0.28 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 32.50 Call @ 0.14 - Expired
15-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-Aug-08 - Continued Trade - STO 1 Sep08 32.50 Call @ 0.59 - Closed
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 32.50 Call @ -1.76 -
12-Sep-08 - Continued Trade - STO 1 Dec08 35.00 Call @ 2.19 - Expired
15-Oct-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-Dec-08 - Interim Trade - STO 1 Feb09 30.00 Call @ 0.50 - Closed
15-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.43 -
23-Jan-09 - Buy Back and Roll Down - BTC 1 Feb09 30.00 Call @ -0.06 -
23-Jan-09 - Interim Trade - STO 1 Feb09 17.50 Call @ 0.59 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 15.00 Call @ 0.24 - Expired
24-Mar-09 - Interim Trade - STO 1 May09 20.00 Call @ 0.60 - Expired
15-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.05 -
18-May-09 - Interim Trade - STO 1 Jun09 21.00 Call @ 0.55 - Expired
24-Jun-09 - Interim Trade - STO 1 Aug09 20.00 Call @ 0.49 -

UPS - Adjustment

The following adjustment was made today on United Parcel Service (UPS):

24-Jun-09 - Interim Trade - STO 1 Jul09 50.00 Call @ 0.65 -

Current Position Summary:

Stock Investment: $7,193.00
Income Generated: $1,186.60
Percent Income Generated: 16.50%
Annualized Income Generated: 7.41%
Net Profit If Called: -$1,006.40
Percent Return If Called: -13.99%
Annualized Return If Called: -6.28%
Days Held to Expiration: 813 days

Trade History:

26-Apr-07 - Initial Stock Position - BTO 100 UPS @ 71.93 - VICC
26-Apr-07 - Continued Trade - STO 1 May07 75.00 Call @ 0.10 - Expired
21-May-07 - Continued Trade - STO 1 Jul07 75.00 Call @ 0.39 - Closed
05-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.42 -
18-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 75.00 Call @ -0.56 -
18-Jul-07 - Continued Trade - STO 1 Oct07 80.00 Call @ 0.89 -
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35 - Expired
10-Jan-08 - Continued Trade - STO 1 Apr08 75.00 Call @ 1.31 - Expired
04-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Apr-08 - Continued Trade - STO 1 Jun08 75.00 Call @ 0.94 - Expired
03-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.56 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 65.00 Call @ -1.53 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 - Closed
09-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 65.00 Call @ -3.91 -
12-Sep-08 - Continued Trade - STO 1 Jan09 70.00 Call @ 3.59 - Expired
03-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
22-Jan-09 - Interim Trade - STO 1 Mar09 55.00 Call @ 0.59 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Mar-09 - Interim Trade - STO 1 Apr09 50.00 Call @ 0.85 - Closed
13-Apr-09 - Buy Back & Roll Out - BTC 1 Apr09 50.00 Call @ -4.00 -
13-Apr-09 - Interim Trade - STO 1 May09 50.00 Call @ 4.89 - Closed
04-May-09 - Buy Back and Roll Out - BTC 1 May09 50.00 Call @ -4.40 -
04-May-09 - Interim Trade - STO 1 Jun09 50.00 Call @ 4.99 - Expired
03-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Jun-09 - Interim Trade - STO 1 Jul09 50.00 Call @ 0.65 -

TLT - Adjustment

The following adjustment was made today on iShares Trust Barclays 20 Year Treasury Bond Fund (TLT):

24-Jun-09 - Interim Trade - STO 3 Jul09 96.00 Call @ 0.64 -

Current Position Summary:

Stock Investment: $33,620.95
Income Generated: $2,522.46
Percent Income Generated: 7.50%
Annualized Income Generated: 13.23%
Net Profit If Called: -$2,298.49
Percent Return If Called: -6.84%
Annualized Return If Called: -12.05%
Days Held to Expiration: 207 days

Trade History:

22-Dec-08 - First Stock Position - BTO 100 TLT @ 121.03 -
22-Dec-08 - Initial Call Option - STO 1 Jan09 121.00 Call @ 3.39 - Expired
02-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.41 -
20-Jan-09 - Interim Trade - STO 1 Feb09 113.00 Call @ 1.39 - Expired
24-Feb-09 - Interim Trade - STO 2 Mar09 110.00 Call @ 1.09 - Expired
22-Jan-09 - Second Stock Position - BTO 100 TLT @ 108.96 -
22-Jan-09 - Combined Cost Basis - $22,998.95 200 @ 114.99 -
22-Jan-09 - Initial Call Option - STO 1 Feb09 109.00 Call @ 2.84 - Expired
06-Feb-09 - Dividend Received - DIV 200 Dividend @ 0.29 -
24-Feb-09 - Third Stock Position - BTO 100 TLT @ 106.22 -
24-Feb-09 - Combined Cost Basis - $33,620.95 300 @ 112.07 -
24-Feb-09 - Initial Call Option - STO 1 Mar09 106.00 Call @ 2.59 -
06-Mar-09 - Dividend Received - DIV 300 Dividend @ 0.28 -
24-Mar-09 - Interim Trade - STO 3 Apr09 105.00 Call @ 0.79 - Expired
07-Apr-09 - Dividend Received - DIV 300 Dividend @ 0.30 -
07-May-09 - Dividend Received - DIV 300 Dividend @ 0.30 -
15-May-09 - Interim Trade - STO 3 Jun09 100.00 Call @ 1.09 - Closed
05-Jun-09 - Buy Back and Roll Down - BTC 3 Jun09 100.00 Call @ -0.06 -
05-Jun-09 - Interim Trade - STO 3 Jun09 94.00 Call @ 0.29 -
05-Jun-09 - Interim Trade - STO 3 Jun09 94.00 Call @ 0.29 - Expired
05-Jun-09 - Dividend Received - DIV 300 Dividend @ 0.31 -
24-Jun-09 - Interim Trade - STO 3 Jul09 96.00 Call @ 0.64 -

SNDK - Adjustment

The following adjustment was made today on Sandisk (SNDK):

24-Jun-09 - Interim Trade - STO 2 Jul09 16.00 call @ 0.32 -

Current Position Summary:

Stock Investment: $10,854.00
Income Generated: $4,252.70
Percent Income Generated: 39.18
Annualized Income Generated: 12.12%
Net Profit If Called: -$3,401.30
Percent Return If Called: -31.34%
Annualized Return If Called: -9.69%
Days Held to Expiration: 1180 days

Trade History:

24-Apr-06 - Initial Stock Position - BTO 100 SNDK @ 59.56 -
24-Apr-06 - Initial Call Option - STO 1 Jul06 57.50 Call @ 7.09 - Closed
06-Jul-06 - Buy Back & Roll Out/Down - BTC 1 Jul06 57.50 Call @ -0.16 -
06-Jul-06 - Second Stock Position - BTO 100 SNDK @ 48.98 -
06-Jul-06 - Combined Cost Basis - $10,854.00 200 @ 54.27 -
06-Jul-06 - Continued Trade - STO 2 Oct06 55.00 Call @ 3.39 - Expired
23-Oct-06 - Continued Trade - STO 2 Jan07 55.00 Call @ 2.14 - Closed
19-Dec-06 - Buy Back & Roll Out/Down - BTC 2 Jan07 55.00 Call @ -0.16 -
19-Dec-06 - Continued Trade - STO 2 Feb07 50.00 Call @ 1.69 - Closed
06-Feb-07 - Buy Back & Roll Out/Down - BTC 2 Feb07 50.00 Call @ -0.06 -
06-Feb-07 - Interim Trade - STO 2 Apr07 45.00 Call @ 1.39 - Expired
27-Apr-07 - Interim Trade - STO 2 May07 45.00 Call @ 0.84 - Expired
21-May-07 - Interim Trade - STO 2 Jun07 45.00 Call @ 0.98 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 2 Jun07 45.00 Call @ -1.46 -
15-Jun-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 2.60 - Expired
22-Oct-07 - Continued Trade - STO 2 Nov07 45.00 Call @ 1.64 - Expired
20-Nov-07 - Continued Trade - STO 2 Dec07 40.00 Call @ 0.67 - Expired
14-Jan-08 - Interim Trade - STO 2 Feb08 35.00 Call @ 0.85 - Expired
21-Feb-08 - Interim Trade - STO 2 Mar08 30.00 Call @ 0.24 - Expired
25-Mar-08 - Interim Trade - STO 2 May08 25.00 Call @ 0.74 - Expired
29-Apr-08 - Buy Back & Roll Out/Up - BTC 2 May08 25.00 Call @ -2.35 -
29-Apr-08 - Interim Trade - STO 2 Jul08 30.00 Call @ 1.38 - Expired
24-Jul-08 - Interim Trade - STO 1 Oct08 20.00 Call @ 0.31 - Expired
24-Jul-08 - Interim Trade - STO 1 Oct08 17.50 Call @ 0.65 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 18.00 Call @ 1.16 - Expired
24-Nov-08 - Interim Trade - STO 2 Dec08 8.00 Call @ 0.27 - Closed
12-Nov-08 - Buy Back and Roll Out/Up - BTC 2 Dec08 8.00 Call @ -2.01 -
11-Dec-08 - Interim Trade - STO 2 Jan09 11.00 Call @ 1.13 - Closed
16-Jan-09 - Buy Back - BTC 2 Jan09 11.00 Call @ -1.05 -
22-Jan-09 - Interim Trade - STO 2 Feb09 13.00 Call @ 0.81 - Expired
24-Feb-09 - Interim Trade - STO 2 Mar09 11.00 Call @ 0.22 - Expired
24-Mar-09 - Interim Trade - STO 2 Apr09 14.00 Call @ 0.67 - Closed
17-Apr-09 - Buy Back and Roll Out - BTC 2 Apr09 14.00 Call @ -1.05 -
17-Apr-09 - Interim Trade - STO 2 May08 15.00 Call @ 1.53 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May08 15.00 Call @ -1.50 -
04-May-09 - Interim Trade - STO 2 Jun09 15.00 call @ 2.25 - Expired
24-Jun-09 - Interim Trade - STO 2 Jul09 16.00 call @ 0.32 -

LLY - Adjustment

The following adjustment was made today on Eli Lilly (LLY):

24-Jun-09 - Interim Trade - STO 1 Jul09 35.00 Call @ 0.29 -

Current Position Summary:

Stock Investment: $5,003.00
Income Generated: $879.30
Percent Income Generated: 17.58%
Annualized Income Generated: 14.55%
Net Profit If Called: -$623.70
Percent Return If Called: -12.47%
Annualized Return If Called: -10.32%
Days Held to Expiration: 441 days

Trade History:

02-May-08 - Initial Stock Position - BTO 100 LLY @ 49.71 - Called
02-May-08 - Initial Call Option - STO 1 Jun08 50.00 Call @ 1.29 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
07-Jul-08 - Continued Trade - STO 1 Aug08 50.00 Call @ 0.29 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 0.32 - Expired
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
23-Sep-08 - Continued Trade - STO 1 Oct08 50.00 Call @ 0.40 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 40.00 Call @ 0.19 - Expired
24-Nov-08 - Interim Trade - STO 1 Jan09 40.00 Call @ 0.39 - Expired
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
29-Jan-09 - Interim Trade - STO 1 Mar09 40.00 Call @ 0.90 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.49 -
24-Mar-09 - Interim Trade - STO 1 Apr09 35.00 Call @ 0.74 - Expired
21-Apr-09 - Interim Trade - STO 1 May09 35.00 Call @ 0.49 - Exercised
13-May-09 - Option Exercised - EX 1 May09 35.00 Call @ 35.00 -
13-May-09 - Repurchase Stock Position - BTO 100 LLY @ 35.32 -
13-May-09 - Interim Trade - STO 1 Jun09 35.00 Call @ 1.59 - Expired
24-Jun-09 - Interim Trade - STO 1 Jul09 35.00 Call @ 0.29 -

FTEK - Adjustment

The following adjustment was made today on Fuel Tech (FTEK):

24-Jun-09 - Interim Trade - STO 1 Dec09 12.50 Call @ 0.69 -

Current Position Summary:

Stock Investment: $2,839.00
Income Generated: $528.00
Percent Income Generated: 18.60%
Annualized Income Generated: 7.44%
Net Profit If Called: -$1,061.00
Percent Return If Called: -37.37%
Annualized Return If Called: -14.94%
Days Held to Expiration: 913 days

Trade History:

19-Jun-07 - Initial Stock Position - BTO 100 FTEK @ 28.39 -
19-Jun-07 - Initial Call Option - STO 1 Dec07 30.00 Call @ 3.29 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb08 25.00 Call @ 0.34 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 22.50 Call @ 0.44 - Expired
25-Mar-08 - Interim Trade - STO 1 May08 22.50 Call @ 0.74 - Closed
29-Apr-08 - Buy Back & Roll Out/Up - BTC 1 May08 22.50 Call @ -3.91 -
29-Apr-08 - Continued Trade - STO 1 Jun08 30.00 Call @ 0.69 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 22.50 Call @ 0.39 - Expired
22-Aug-08 - Interim Trade - STO 1 Sep08 22.50 Call @ 0.64 - Closed
12-Sep-08 - Buy Back & Roll Out - BTC 1 Sep08 22.50 Call @ -0.16 -
12-Sep-08 - Interim Trade - STO 1 Oct08 22.50 Call @ 0.24 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 17.50 Call @ 0.49 - Expired
24-Nov-08 - Interim Trade - STO 1 Jan09 12.50 Call @ 0.24 - Expired
20-Jan-09 - Interim Trade - STO 1 Mar09 12.50 Call @ 0.29 - Expired
24-Mar-09 - Interim Trade - STO 1 May09 12.50 Call @ 0.49 - Closed
04-May-09 - Buy Back and Roll Out - BTC 1 May09 12.50 Call @ -1.31 -
04-May-09 - Interim Trade - STO 1 Jun09 12.50 Call @ 1.69 - Expired
24-Jun-09 - Interim Trade - STO 1 Dec09 12.50 Call @ 0.69 -

DHI - Adjustment

The following adjustment was made today on DR Horton (DHI):

24-Jun-09 - Interim Trade - STO 3 Aug09 11.00 Call @ 0.29 -

Current Position Summary:

Stock Investment: $8,777.00
Income Generated: $2,891.80
Percent Income Generated: 32.95%
Annualized Income Generated: 8.12%
Net Profit If Called: -$2,585.20
Percent Return If Called: -29.45%
Annualized Return If Called: -7.26%
Days Held to Expiration: 1481 days

Trade History:

01-Aug-05 - Initial Stock Position - BTO 100 DHI @ 40.18 -
01-Aug-05 - Initial Call Option - STO 1 Aug05 40.00 Call @ 1.29 - Expired
19-Aug-05 - Dividend Received - DIV 100 Dividend @ 0.09 -
22-Aug-05 - Continued Trade - STO 1 Oct05 40.00 Call @ 0.54 - Closed
05-Oct-05 - Buy Back & Roll Out/Down - BTC 1 Oct05 40.00 Call @ -0.11 -
24-Oct-05 - Interim Trade - STO 1 Nov05 35.00 Call @ 0.49 - Closed
31-Oct-05 - Dividend Received - DIV 100 Dividend @ 0.09 -
18-Nov-05 - Buy Back & Roll Out/Up - BTC 1 Nov05 35.00 Call @ -0.31 -
21-Nov-05 - Continued Trade - STO 1 Dec05 40.00 Call @ 0.34 - Expired
09-Jan-06 - Continued Trade - STO 1 Jan06 40.00 Call @ 0.49 - Expired
23-Jan-06 - Continued Trade - STO 1 Feb06 40.00 Call @ 0.69 - Expired
10-Feb-06 - Dividend Received - DIV 100 Dividend @ 0.10 -
21-Feb-06 - Continued Trade - STO 1 Apr06 40.00 Call @ 0.44 - Closed
23-Mar-06 - Buy Back & Roll Out - BTC 1 Apr06 40.00 Call @ -0.11 -
23-Mar-06 - Continued Trade - STO 1 Aug06 40.00 Call @ 0.94 -
19-May-06 - Dividend Received - DIV 100 Dividend @ 0.10 -
23-May-06 - Buy Back & Roll Out/Down - BTC 1 Aug06 40.00 Call @ -0.11 - Closed
23-May-06 - Second Stock Position - BTO 100 DHI @ 26.89 -
23-May-08 - Combined Cost Basis - $6,707.00 200 @ 33.54 -
23-May-06 - Continued Trade - STO 2 Jan07 35.00 Call @ 1.04 -
25-Jul-06 - Buy Back & Roll Down - BTC 2 Jan07 35.00 Call @ -0.16 - Closed
25-Jul-06 - Third Stock Position - BTO 100 DHI @ 20.70 -
25-Jul-06 - Combined Cost Basis - $8,777.00 300 @ 29.26 -
25-Jul-06 - Interim Trade - STO 3 Jan07 25.00 Call @ 0.99 - Closed
01-Nov-06 - Dividend Received - DIV 300 Dividend @ 0.15 -
19-Dec-06 - Buy Back & Roll Up - BTC 3 Jan07 25.00 Call @ -2.36 -
19-Dec-06 - Continued Trade - STO 3 Jan08 30.00 Call @ 2.74 - Expired
09-Feb-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
18-May-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
27-Aug-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
16-Nov-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
24-Jan-08 - Interim Trade - STO 3 Feb08 15.00 Call @ 0.69 - Closed
20-Feb-08 - Dividend Received - DIV 300 Dividend @ 0.15 -
21-Feb-08 - Interim Trade - STO 3 Mar08 17.50 Call @ 0.39 - Expired
25-Mar-08 - Interim Trade - STO 3 May08 20.00 Call @ 0.39 - Expired
22-May-08 - Interim Trade - STO 3 Jul08 17.50 Call @ 0.16 - Expired
29-May-08 - Dividend Received - DIV 300 Dividend @ 0.08 -
22-Jul-08 - Interim Trade - STO 1 Aug08 12.50 Call @ 0.43 - Closed
22-Jul-08 - Interim Trade - STO 1 Sep08 15.00 Call @ 0.27 - Closed
22-Jul-08 - Interim Trade - STO 1 Nov08 17.50 Call @ 0.33 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 12.50 Call @ -0.04 -
15-Aug-08 - Interim Trade - STO 1 Sep08 12.50 Call @ 0.77 - Closed
28-Aug-08 - Dividend Received - DIV 300 Dividend @ 0.08 -
12-Sep-08 - Buy Back & Roll Out - BTC 1 Sep08 15.00 Call @ -0.36 -
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 12.50 Call @ -1.86 -
12-Sep-08 - Interim Trade - STO 1 Oct08 15.00 Call @ 0.84 - Expired
12-Sep-08 - Interim Trade - STO 1 Nov08 15.00 Call @ 1.39 - Closed
20-Oct-08 - Buy Back and Roll Down - BTC 1 Nov08 17.50 Call @ -0.06 -
20-Oct-08 - Buy Back and Roll Down - BTC 1 Nov08 15.00 Call @ -0.06 -
20-Oct-08 - Interim Trade - STO 3 Dec08 10.00 Call @ 0.24 - Expired
18-Dec-08 - Dividend Received - DIV 300 Dividend @ 0.04 -
22-Dec-08 - Interim Trade - STO 3 Feb09 10.00 Call @ 0.44 - Expired
24-Feb-09 - Interim Trade - STO 3 Mar09 10.00 Call @ 0.34 - Expired
26-Feb-09 - Dividend Received - DIV 300 Dividend @ 0.04 -
24-Mar-09 - Interim Trade - STO 3 May09 12.50 Call @ 0.51 - Closed
04-May-09 - Buy Back and Roll Out - BTC 3 May09 12.50 Call @ -1.46 -
04-May-09 - Interim Trade - STO 3 Jun09 12.00 call @ 2.29 - Expired
27-May-09 - Dividend Received - DIV 300 Dividend @ 0.04 -
24-Jun-09 - Interim Trade - STO 3 Aug09 11.00 Call @ 0.29 -

BBT - Adjustment

The following adjustment was made today on BB&T (BBT):

24-Jun-09 - Interim Trade - STO 2 Jul09 24.00 Call @ 0.29 -

Current Position Summary:

Stock Investment: $6.671.00
Income Generated: $1,640.20
Percent Income Generated: 24.59%
Annualized Income Generated: 18.74%
Net Profit If Called: -$230.80
Percent Return If Called: -3.46%
Annualized Return If Called: -2.64%
Days Held to Expiration: 479 days

Trade History:

25-Mar-08 - Initial Stock Position - BTO 100 BBT @ 35.26 -
25-Mar-08 - Initial Call Option - STO 1 Apr08 35.00 Call @ 1.68 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 35.00 Call @ 0.67 - Expired
01-May-08 - Dividend Received - DIV 100 Dividend @ 0.46 -
19-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 1.47 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 27.50 Call @ 0.35 - Closed
01-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 - Expired
03-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -
22-Dec-08 - Continued Trade - STO 2 Jan09 32.50 Call @ 0.19 - Expired
22-Jan-09 - Interim Trade - STO 2 Feb09 25.00 Call @ 0.54 - Expired
02-Feb-09 - Dividend Received - DIV 200 Dividend @ 0.47 -
24-Feb-09 - Interim Trade - STO 2 Mar09 20.00 Call @ 0.34 - Expired
24-Mar-09 - Interim Trade - STO 2 Apr09 22.50 Call @ 0.29 - Closed
17-Apr-09 - Buy Back and Roll Out - BTC 2 Apr09 22.50 Call @ -1.31 -
17-Apr-09 - Interim Trade - STO 2 Jun09 25.00 Call @ 2.40 - Expired
01-May-09 - Dividend Received - DIV 200 Dividend @ 0.47 -
24-Jun-09 - Interim Trade - STO 2 Jul09 24.00 Call @ 0.29 -

Paper Trade - TGT CC and CSP Closed

Since I'm now incorporating cash secured puts in my trading plan, and have real trade examples, there's no need to continue this paper trade, so I decided to close out it out on Friday. As you can see the results were virtually the same, and includes the dividend received on the CC position.

TGT CC Position

Stock Investment: $3,978.00
Income Generated: $332.00
Net Profit: $311.00
Percent Return: 7.82%
Annualized Return: 40.19%
Duration of Trade: 71 days

Trade History:

09-Apr-09 - Initial Stock Position - BTO 100 TGT @ 39.78 - Closed
09-Apr-09 - Initial Call Option - STO 1 May09 37.50 Call @ 3.70 - Closed
15-May-09 - Buy Back and Roll Out/Up - BTC 1 May09 37.50 Call @ -2.97 -
15-May-09 - Continued Trade - STO 1 Jun09 39.00 Call @ 3.04 - Closed
10-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.16 -
19-Jun-09 - Close Option Position - BTC 1 Jun09 39.00 Call @ -0.64 -
19-Jun-09 - Close Stock Position - STC 1 Closed @ 39.57 -


TGT CSP Position

Stock Investment: $3,900.00
Income Generated: $312.00
Net Profit: $312.00
Percent Return: 8.00%
Annualized Return: 41.13%
Duration of Trade: 71 days

Trade History:

09-Apr-09 - Initial Put Option - STO 1 May09 37.50 Put @ 1.44 - Expired
15-May-09 - Buy Back and Roll Out/Up - BTC 1 May09 37.50 Put @ -0.06 -
15-May-09 - Cash to Secure Put - CSP 100 TGT @ 39.00 -
15-May-09 - Continued Trade - STO 1 Jun09 39.00 Put @ 1.80 - Closed
19-Jun-09 - Close Option Position - BTC 1 Jun09 39.00 Put @ -0.06 -
19-Jun-09 - Close Secured Cash - CSP 1 Closed @ 39.00 -