HLX - Closed

The HLX Jun07 40.00 Call was exercised and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

Here's a good example of a long term position, held about 17 months. The stock ended up basically flat during this period, with an annualized return of only 1.02%. However, by selling covered calls I was able to get a 12.44% annualized return.

Covered Call Results

Stock Investment: $8,053.00
Income Generated: $1,442.00
Net Profit: $1,389.00
Percent Return: 17.25%
Annualized Return: 12.44%
Duration of Trade: 506 days

Buy & Hold Comparison

Opening Price: $40.27
Closing Price: $40.84
P/L per Share: $0.57
Shares: 200
Dividends: $0.00
Net Profit: $114.00
Percent Return: 1.42%
Annualized Return: 1.02%
Duration of Trade: 506 days

Trade History:

25-Jan-06 - Initial Stock Position - BTO 200 HLX @ 40.27 -
25-Jan-06 - Initial Call Option - STO 2 Feb06 40.00 Call @ 1.91 - Expired
01-Mar-06 - Continued Trade - STO 2 Mar06 40.00 Call @ 0.64 - Expired
20-Mar-06 - Continued Trade - STO 2 Jun06 40.00 Call @ 1.49 - Expired
26-Jun-06 - Continued Trade - STO 2 Jan07 40.00 Call @ 2.34 - Closed
19-Dec-06 - Buy Back & Roll Out - BTC 2 Jan07 40.00 Call @ -0.16 -
19-Dec-06 - Continued Trade - STO 2 Feb07 40.00 Call @ 0.49 - Closed
03-Jan-07 - Buy Back & Roll Out - BTC 2 Feb07 40.00 Call @ -0.11 -
03-Jan-07 - Continued Trade - STO 2 Jun07 40.00 Call @ 0.59 - Exercised
15-Jun-07 - Option Exercised - EX 2 Jun07 40.00 Call @ 40.00 -