Wednesday, August 13, 2008

VMC - Adjustment

The following adjustment was made today on VMC:

14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
14-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -

The Aug08 65.00 Call was deep ITM with had less than .10 time value left so I rolled out/up to the Nov08 70.00 Call to avoid assignment. I'll also collect a dividend on Sep 10th.

Current Position Summary:

Stock Investment: $8,394.00
Income Generated: $722.00
Percent Income Generated: 8.60%
Annualized Income Generated: 16.88%
Net Profit If Called: -$672.00
Percent Return If Called: -8.01%
Annualized Return If Called: -15.71%
Days Held to Expiration: 186

Trade History:

19-May-08 - Initial Stock Position - BTO 100 VMC @ 83.94 -
19-May-08 - Initial Call Option - STO 1 Jun08 85.00 Call @ 3.09 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.85 - Closed
14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
14-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -