Monday, August 20, 2007

AMD - Closed

The AMD position was closed today for a loss since the company no longer met my fundamental criteria. I'll explain the reasons in a separate article. Notice that the buy & hold loss would have been greater. The following is the trade history and returns, including IB commissions.

Covered Call Results

Stock Investment: $1,624.00
Income Generated: $257.00
Net Profit: -$161.00
Percent Return: -9.91%
Annualized Return: -17.48%
Duration of Trade: 207 days

Buy & Hold Comparison

Opening Price: $16.24
Closing Price: $12.06
P/L per Share: -$4.18
Shares: 100
Dividends: $0.00
Net Profit: -$418.00
Percent Return: -25.74%
Annualized Return: -45.39%
Duration of Trade: 207 days

Trade History:

25-Jan-07 - Initial Stock Position - BTO 100 AMD @ 16.24 - Closed
25-Jan-07 - Initial Call Option - STO 1 Jul07 16.00 Call @ 2.14 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 16.00 Call @ 0.43 - Expired
20-Aug-07 - Position Closed - STC 1 Closed @ 12.06 -