JNPR - Closed

The JNPR Jul07 17.00 Call was deep ITM and had already made 92% of it's potential profit so I decided to close it early to free up some cash. By closing early, I gave up $10 in profit but increased my annualized return by 2.70%. 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: $1,809.00
Income Generated: $234.00
Net Profit: $115.00
Percent Return: 6.36%
Annualized Return: 23.20%
Duration of Trade: 100 days

Buy & Hold Comparison

Opening Price: $18.09
Closing Price: $25.49
P/L per Share: $7.40
Shares: 100
Dividends: $0.00
Net Profit: $740.00
Percent Return: 40.91%
Annualized Return: 149.31%
Duration of Trade: 100 days

Trade History:

19-Mar-07 - Initial Stock Position - BTO 100 JNPR @ 18.09 - Closed
19-Mar-07 - Initial Call Option - STO 1 Jul07 17.00 Call @ 2.34 - Closed
27-Jun-07 - Buy Back Call Option - BTC 1 Jul07 17.00 Call @ -8.59 -
27-Jun-07 - Sell Stock - STC 100 JNPR @ -25.49 -