Tuesday, June 19, 2007

NTES - Adjustment

The following adjustment was made today on NTES:

Note that I still have this flagged as an interim trade, although I'd make a 13% annualized return if called. The reason is the difference between the profit if called and the income generated. If I let it get called I'd give back about half of the income generated. I don't want to do that so I'll monitor this position and roll it out/up if it goes ITM before Sep.

19-Jun-07 - Interim Trade - STO 4 Sep07 20.00 Call @ 0.32 -

Current Position Summary:

Stock Investment: $9,694.00
Income Generated: $3,674.00
Percent Income Generated: 37.90%
Net Profit If Called: $1,980.00
Percent Return If Called: 20.43%
Annualized Return If Called: 13.55%
Days to Expiration: 550 days

Trade History:

20-Mar-06 - Initial Stock Position - BTO 100 NTES @ 96.94 - 4-1 Split
20-Mar-06 - Initial Call Option - STO 1 Jun06 85.00 Call @ 15.29 - 4-1 Split
28-Mar-06 - Split Stock Position - SPLT 400 NTES @ 24.24 -
28-Mar-06 - Split Call Option - SPLT 4 Jun06 21.25 Call @ 3.82 - Expired
26-Jun-06 - Continued Trade - STO 4 Jan07 22.50 Call @ 3.19 - Closed
23-Oct-06 - Buy Back & Roll Out/Down - BTC 4 Jan07 22.50 Call @ -0.16 -
23-Oct-06 - Continued Trade - STO 4 Jan07 18.75 Call @ 0.69 - Closed
17-Jan-07 - Buy Back & Roll Out/Up - BTC 4 Jan07 18.75 Call @ -0.41 -
17-Jan-07 - Continued Trade - STO 4 Mar07 20.00 Call @ 0.99 - Expired
19-Mar-07 - Interim Trade - STO 4 Apr07 20.00 Call @ 0.19 - Expired
23-Apr-07 - Interim Trade - STO 4 May07 20.00 Call @ 0.19 - Expired
21-May-07 - Interim Trade - STO 4 Jun07 20.00 Call @ 0.34 - Expired
19-Jun-07 - Interim Trade - STO 4 Sep07 20.00 Call @ 0.32 -