CWTR - Closed

The CWTR Jul07 17.50 Call was deep ITM and had already made 93% of it's potential profit so I decided to close it early to free up some cash. By closing early, I gave up $11 in profit but increased my annualized return by 4.30%. The following is the trade history and returns, including IB commissions. This is another case where buy & hold would have been more profitable.

Covered Call Results

Stock Investment: $1,764.00
Income Generated: $184.00
Net Profit: $158.00
Percent Return: 8.92%
Annualized Return: 32.69%
Duration of Trade: 100 days

Buy & Hold Comparison

Opening Price: $17.64
Closing Price: $23.76
P/L per Share: $6.12
Shares: 100
Dividends: $0.00
Net Profit: $612.00
Percent Return: 34.69%
Annualized Return: 126.63%
Duration of Trade: 100 days

Trade History:

19-Mar-07 - Initial Stock Position - BTO 100 CWTR @ 17.64 - Closed
19-Mar-07 - Initial Call Option - STO 1 Jul07 17.50 Call @ 1.84 - Closed
27-Jun-07 - Buy Back Call Option - BTC 1 Jul07 17.50 Call @ -6.29 -
27-Jun-07 - Sell Stock - STC 100 CWTR @ -23.67 -