Friday, September 25, 2009

TLT-TBT Pair - New Position

A portion of my covered call portfolio is allocated to fixed income investments, for which I've chosen iShares Trust Barclays 20 Year Treasury Bond Fund (TLT). Some members of the JustCoveredCalls Yahoo Group use ProShares UltraShort Lehman 20 plus Year Treasury (TBT), which corresponds to twice the daily inverse of TLT.

Last year I experimented with pairs trading using DIA-DXD, by doing a covered call (CC) paper trade. I discovered that DXD, which is twice the daily inverse of DIA, had quite a bit of tracking error over the long term, and as such was not a good long term ETF to own.

However, after recent discussions regarding TBT, I decided to take a look at a pairs trade using TLT-TBT. I downloaded the closing prices of both ETF's since the inception of TBT (5/22/08) through this week. I then created a chart of the closing prices and inverted the chart for TBT so that both charts could be easily compared. I noticed that TBT tracked pretty close to TLT. I also noticed that both ETF's typically traded in a relatively small range of prices, except for a three month period starting in Oct 2008 and ending in Jan 2009.



So, I decided to try another pairs trade, this time doing cash secured puts (CSP) on TLT-TBT with real money. I chose OTM strikes for Nov expiration. For TLT, I sold the Nov09 94 Put at $1.19, which gives me downside protection to $92.81. For TBT, I sold the Nov09 43 Put at $1.24, which gives me downside protection to $41.76. Looking at the charts, the downside protection on both appears to be below a recent support level, but that's no guarantee, as anything can happen between now and Nov expiration.

Combined, these two positions should return 11.56% annualized if both expire in Nov. I'm going to maintain them as separate positions until Nov. If they expire, I'll add the proceeds to my ongoing TLT position. If the TLT put is assigned, I'll also add that to the ongoing TLT position (i.e. average down). I'm going to try to avoid getting assigned on the TBT position, since I don't want to own it long term, but will use it to generate additional short term income for the ongoing TLT position.

The following is the trade information, including IB commissions:

TLT Position

CSP Margin Used: $9,400.00
Income Generated: $119.00
Percent Income Generated: 1.27%
Annualized Income Generated: 8.25%
Net Profit If Expired: $119.00
Percent Return If Expired: 1.27%
Annualized Return If Expired: 8.25%
Days Held to Expiration: 56 days

TBT Position

CSP Margin Used: $4,300.00
Income Generated: $124.00
Percent Income Generated: 2.88%
Annualized Income Generated: 18.80%
Net Profit If Expired: $124.00
Percent Return If Expired: 2.88%
Annualized Return If Expired: 18.80%
Days Held to Expiration: 56 days

Combined Position

CSP Margin Used: $13,700.00
Income Generated: $243.00
Percent Income Generated: 1.77%
Annualized Income Generated: 11.56%
Net Profit If Expired: $243.00
Percent Return If Expired: 1.77%
Annualized Return If Expired: 11.56%
Days Held to Expiration: 56 days

Wednesday, September 23, 2009

PFE - Adjustment

The following adjustment was made today on Pfizer (PFE):

23-Sep-09 - CSP Margin Used - CSP 200 PFE @ 16.00 -
23-Sep-09 - Combined Cost Basis - $4,765.00 200 @ 23.83 -
23-Sep-09 - Continued Trade - STO 2 Nov09 16.00 Put @ 0.47 -

I allowed the stock to get called away at $15 at Sep expiration. Today I sold the Nov09 16 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $200.

Current Position Summary:

Stock Investment: $4,765.00
Income Generated: $1,115.50
Percent Income Generated: 23.41%
Annualized Income Generated: 12.83%
Net Profit If Called: -$449.50
Percent Return If Called: -9.43%
Annualized Return If Called: -5.17%
Days Held to Expiration: 666 days

Trade History:

24-Jan-08 - Initial Stock Position - BTO 200 PFE @ 22.83 -
24-Jan-08 - Initial Call Option - STO 2 Mar08 22.50 Call @ 0.96 - Expired
04-Mar-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
25-Mar-08 - Continued Trade - STO 2 Jun08 22.50 Call @ 0.24 - Expired
03-Jun-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
24-Jul-08 - Continued Trade - STO 1 Dec08 22.50 Call @ 0.22 -
24-Jul-08 - Continued Trade - STO 1 Dec08 22.50 Call @ 0.22 - Expired
29-Jul-08 - Continued Trade - STO 1 Dec08 22.50 Call @ 0.14 - Expired
03-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
02-Dec-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
22-Dec-08 - Interim Trade - STO 2 Mar09 20.00 Call @ 0.31 - Expired
03-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.32 -
24-Mar-09 - Interim Trade - STO 2 Apr09 15.00 Call @ 0.20 - Expired
21-Apr-09 - Interim Trade - STO 2 Jun09 15.00 Call @ 0.20 - Closed
02-Jun-09 - Dividend Received - DIV 200 Dividend @ 0.16 -
19-Jun-09 - Buy Back and Roll Out - BTC 2 Jun09 15.00 Call @ -0.06 -
19-Jun-09 - Interim Trade - STO 2 Jul09 15.00 Call @ 0.53 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 15.00 Call @ -0.03 -
17-Jul-09 - Interim Trade - STO 2 Aug09 15.00 Call @ 0.43 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 2 Aug09 15.00 Call @ -0.88 -
11-Aug-09 - Interim Trade - STO 2 Sep09 15.00 Call @ 1.08 - Exercised
02-Sep-09 - Dividend Received - DIV 200 Dividend @ 0.16 -
18-Sep-09 - Option Exercised - EX 2 Sep09 15.00 Call @ 15.00 -
23-Sep-09 - CSP Margin Used - CSP 200 PFE @ 16.00 -
23-Sep-09 - Combined Cost Basis - $4,765.00 200 @ 23.83 -
23-Sep-09 - Continued Trade - STO 2 Nov09 16.00 Put @ 0.47 -

Tuesday, September 22, 2009

VMC - Adjustment

The following adjustment was made today on Vulcan Materials (VMC):

22-Sep-09 - CSP Margin Used - CSP 200 VMC @ 50.00 -
22-Sep-09 - Combined Cost Basis - DSA 200 VMC @ 80.03 -
22-Sep-09 - Continued Trade - STO 2 Nov09 50.00 Put @ 1.75 -

I allowed the stock to get called away at $50 at Sep expiration. Today I sold the Nov09 50 Put to continue the position as a cash secured put (CSP).

Current Position Summary:

Stock Investment: $16,005.00
Income Generated: $2,478.80
Percent Income Generated: 15.49%
Annualized Income Generated: 10.28%
Net Profit If Expired: -$3,526.20
Percent Return If Expired: -22.03%
Annualized Return If Expired: -14.62%
Days Held to Expiration: 550 days

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 -
13-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 - Expired
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
24-Nov-08 - Interim Trade - STO 1 Dec08 55.00 Call @ 0.99 - Closed
09-Dec-08 - Buy Back and Roll Out/Up - BTC 1 Dec08 55.00 Call @ -21.41 -
09-Dec-08 - Second Stock Position - BTO 100 VMC @ 76.11 -
09-Dec-08 - Combined Cost Basis - $16,005.00 200 @ 80.03 -
09-Dec-08 - Interim Trade - STO 2 May09 80.00 Call @ 10.31 - Closed
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
12-Feb-09 - Buy Back and Roll In/Down - BTC 2 May09 80.00 Call @ -0.14 -
12-Feb-09 - Interim Trade - STO 2 Mar09 55.00 Call @ 0.54 - Expired
10-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.49 -
24-Mar-09 - Interim Trade - STO 2 May09 45.00 Call @ 2.21 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May09 45.00 Call @ -5.80 -
04-May-09 - Interim Trade - STO 2 Jun09 45.00 Call @ 6.50 - Expired
10-Jun-09 - Dividend Received - DIV 200 Dividend @ 0.49 -
24-Jun-09 - Interim Trade - STO 2 Jul09 50.00 Call @ 0.35 - Expired
23-Jul-09 - Interim Trade - STO 2 Aug09 50.00 Call @ 0.84 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 2 Aug09 50.00 Call @ -0.90 -
11-Aug-09 - Interim Trade - STO 2 Sep09 50.00 Call @ 1.84 - Exercised
10-Sep-09 - Dividend Received - DIV 200 Dividend @ 0.25 -
18-Sep-09 - Option Exercised - EX 2 Sep09 50.00 Call @ 50.00 -
22-Sep-09 - CSP Margin Used - CSP 200 VMC @ 50.00 -
22-Sep-09 - Combined Cost Basis - DSA 200 VMC @ 80.03 -
22-Sep-09 - Continued Trade - STO 2 Nov09 50.00 Put @ 1.75 -

USB - Adjustment

The following adjustment was made today on US Bancorp (USB):

22-Sep-09 - CSP Margin Used - CSP 100 USB @ 20.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 USB @ 34.94 -
22-Sep-09 - Continued Trade - STO 1 Nov09 20.00 Put @ 0.62 -

I allowed the stock to get called away at $20 at Sep expiration. Today I sold the Nov09 20 Put to continue the position as a cash secured put (CSP).

Current Position Summary:

Stock Investment: $3,494.00
Income Generated: $844.00
Percent Income Generated: 24.16%
Annualized Income Generated: 14.57%
Net Profit If Expired: -$650.00
Percent Return If Expired: -18.60%
Annualized Return If Expired: -11.22%
Days Held to Expiration: 605 days

Trade History:

25-Mar-08 - Initial Stock Position - BTO 100 USB @ 34.94 -
25-Mar-08 - Initial Call Option - STO 1 May08 35.00 Call @ 1.39 - Expired
15-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 0.28 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 32.50 Call @ 0.14 - Expired
15-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-Aug-08 - Continued Trade - STO 1 Sep08 32.50 Call @ 0.59 - Closed
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 32.50 Call @ -1.76 -
12-Sep-08 - Continued Trade - STO 1 Dec08 35.00 Call @ 2.19 - Expired
15-Oct-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-Dec-08 - Interim Trade - STO 1 Feb09 30.00 Call @ 0.50 - Closed
15-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.43 -
23-Jan-09 - Buy Back and Roll Down - BTC 1 Feb09 30.00 Call @ -0.06 -
23-Jan-09 - Interim Trade - STO 1 Feb09 17.50 Call @ 0.59 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 15.00 Call @ 0.24 - Expired
24-Mar-09 - Interim Trade - STO 1 May09 20.00 Call @ 0.60 - Expired
15-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.05 -
18-May-09 - Interim Trade - STO 1 Jun09 21.00 Call @ 0.55 - Expired
24-Jun-09 - Interim Trade - STO 1 Aug09 20.00 Call @ 0.49 - Closed
15-Jul-09 - Dividend Received - DIV 100 Dividend @ 0.05 -
11-Aug-09 - Buy Back & Roll Out - BTC 1 Aug09 20.00 Call @ -2.21 -
11-Aug-09 - Interim Trade - STO 1 Sep09 20.00 Call @ 2.49 - Exercised
18-Sep-09 - Option Exercised - EX 1 Sep09 20.00 Call @ 20.00 -
22-Sep-09 - CSP Margin Used - CSP 100 USB @ 20.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 USB @ 34.94 -
22-Sep-09 - Continued Trade - STO 1 Nov09 20.00 Put @ 0.62 -

UPS - Adjustment

The following adjustment was made Friday on United Parcel Service (UPS):

22-Sep-09 - CSP Margin Used - CSP 100 UPS @ 50.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 UPS @ 71.93 -
22-Sep-09 - Continued Trade - STO 1 Nov09 50.00 Put @ 0.45 -

I allowed the stock to get called away at $50 at Sep expiration. Today I sold the Nov09 50 Put to continue the position as a cash secured put (CSP).

Current Position Summary:

Stock Investment: $7,193.00
Income Generated: $1,417.60
Percent Income Generated: 19.71%
Annualized Income Generated: 7.66%
Net Profit If Expired: -$775.40
Percent Return If Expired: -10.78%
Annualized Return If Expired: -4.19%
Days Held to Expiration: 939 days

Trade History:

26-Apr-07 - Initial Stock Position - BTO 100 UPS @ 71.93 - VICC
26-Apr-07 - Continued Trade - STO 1 May07 75.00 Call @ 0.10 - Expired
21-May-07 - Continued Trade - STO 1 Jul07 75.00 Call @ 0.39 - Closed
05-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.42 -
18-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 75.00 Call @ -0.56 -
18-Jul-07 - Continued Trade - STO 1 Oct07 80.00 Call @ 0.89 -
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35 - Expired
10-Jan-08 - Continued Trade - STO 1 Apr08 75.00 Call @ 1.31 - Expired
04-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Apr-08 - Continued Trade - STO 1 Jun08 75.00 Call @ 0.94 - Expired
03-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.56 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 65.00 Call @ -1.53 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 - Closed
09-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 65.00 Call @ -3.91 -
12-Sep-08 - Continued Trade - STO 1 Jan09 70.00 Call @ 3.59 - Expired
03-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
22-Jan-09 - Interim Trade - STO 1 Mar09 55.00 Call @ 0.59 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Mar-09 - Interim Trade - STO 1 Apr09 50.00 Call @ 0.85 - Closed
13-Apr-09 - Buy Back & Roll Out - BTC 1 Apr09 50.00 Call @ -4.00 -
13-Apr-09 - Interim Trade - STO 1 May09 50.00 Call @ 4.89 - Closed
04-May-09 - Buy Back and Roll Out - BTC 1 May09 50.00 Call @ -4.40 -
04-May-09 - Interim Trade - STO 1 Jun09 50.00 Call @ 4.99 - Expired
03-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Jun-09 - Interim Trade - STO 1 Jul09 50.00 Call @ 0.65 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 50.00 Call @ -2.16 -
17-Jul-09 - Interim Trade - STO 1 Aug09 50.00 Call @ 3.29 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 50.00 Call @ -3.71 -
11-Aug-09 - Interim Trade - STO 1 Sep09 50.00 Call @ 3.99 - Exercised
09-Sep-09 - Dividend Received - DIV 100 Dividend @ 0.45 -
18-Sep-09 - Option Exercised - EX 1 Sep09 50.00 Call @ 50.00 -
22-Sep-09 - CSP Margin Used - CSP 100 UPS @ 50.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 UPS @ 71.93 -
22-Sep-09 - Continued Trade - STO 1 Nov09 50.00 Put @ 0.45 -

TGT - Adjustment

The following adjustment was made today on Target (TGT):

22-Sep-09 - CSP Margin Used - CSP 100 TGT @ 46.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 TGT @ 61.37 -
22-Sep-09 - Continued Trade - STO 1 Nov09 46.00 Put @ 1.73 -

I allowed the stock to get called away at $44 at Sep expiration. Today I sold the Nov09 46 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $200.

Current Position Summary:

Stock Investment: $6,137.00
Income Generated: $1,494.48
Percent Income Generated: 24.35%
Annualized Income Generated: 12.29%
Net Profit If Expired: -$42.52
Percent Return If Expired: -0.69%
Annualized Return If Expired: -0.35%
Days Held to Expiration: 723 days

Trade History:

28-Nov-07 - Initial Stock Position - BTO 100 TGT @ 59.37 -
28-Nov-07 - Initial Call Option - STO 1 Dec07 55.00 Call @ 5.66 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb07 55.00 Call @ 0.84 - Expired
21-Feb-08 - Continued Trade - STO 1 Mar08 55.00 Call @ 1.44 - Expired
10-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.14 -
25-Mar-08 - Continued Trade - STO 1 Apr08 55.00 Call @ 1.31 - Expired
23-Apr-08 - Interim Trade - STO 1 May08 55.00 Call @ 0.62 - Closed
16-May-08 - Buy Back & Roll Out/Up - BTC 1 May08 55.00 Call @ -0.11 -
19-May-08 - Continued Trade - STO 1 Jun08 57.50 Call @ 1.21 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.14 -
07-Jul-08 - Continued Trade - STO 1 Jul08 50.00 Call @ 0.58 - Expired
22-Jul-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 1.25 - Closed
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.16 -
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 50.00 Call @ -6.80 -
12-Sep-08 - Continued Trade - STO 1 Oct08 57.50 Call @ 2.62 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 45.00 Call @ 1.18 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 35.00 Call @ 1.39 - Expired
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.16 -
22-Dec-08 - Interim Trade - STO 1 Feb09 40.00 Call @ 1.41 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 30.00 Call @ 0.76 - Closed
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.16 -
20-Mar-09 - Buy Back & Roll Out/Up - BTC 1 Mar09 30.00 Call @ -0.39 -
20-Mar-09 - Interim Trade - STO 1 Apr09 32.50 Call @ 0.93 - Closed
09-Apr-09 - Buy Back & Roll Out/Up - BTC 1 Apr09 32.50 Call @ -7.41 -
09-Apr-09 - Interim Trade - STO 1 Jul09 40.00 Call @ 3.89 - Expired
10-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.16 -
23-Jul-09 - Interim Trade - STO 1 Aug09 44.00 Call @ 0.99 - Closed
12-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 44.00 Call @ -0.49 -
12-Aug-09 - Interim Trade - STC 1 Sep09 44.00 Call @ 1.23 - Exercised
10-Sep-09 - Dividend Received - DIV 100 Dividend @ 0.17 -
18-Sep-09 - Option Exercised - EX 1 Sep09 44.00 Call @ 44.00 -
22-Sep-09 - CSP Margin Used - CSP 100 TGT @ 46.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 TGT @ 61.37 -
22-Sep-09 - Continued Trade - STO 1 Nov09 46.00 Put @ 1.73 -

SNDK - Adjustment

The following adjustment was made today on Sandisk (SNDK):

22-Sep-09 - CSP Margin Used - CSP 200 SNDK @ 20.00 -
22-Sep-09 - Combined Cost Basis - DSA 200 SNDK @ 58.27 -
22-Sep-09 - Continued Trade - STO 2 Nov09 20.00 Put @ 1.01 -

I allowed the stock to get called away at $16 at Sep expiration. Today I sold the Nov09 20 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $800.

Current Position Summary:

Stock Investment: $11,654.00
Income Generated: $4,694.20
Percent Income Generated: 40.28%
Annualized Income Generated: 11.26%
Net Profit If Expired: -$2,959.80
Percent Return If Expired: -25.40%
Annualized Return If Expired: -7.10%
Days Held to Expiration: 1306 days

Trade History:

24-Apr-06 - Initial Stock Position - BTO 100 SNDK @ 59.56 -
24-Apr-06 - Initial Call Option - STO 1 Jul06 57.50 Call @ 7.09 - Closed
06-Jul-06 - Buy Back & Roll Out/Down - BTC 1 Jul06 57.50 Call @ -0.16 -
06-Jul-06 - Second Stock Position - BTO 100 SNDK @ 48.98 -
06-Jul-06 - Combined Cost Basis - $10,854.00 200 @ 54.27 -
06-Jul-06 - Continued Trade - STO 2 Oct06 55.00 Call @ 3.39 - Expired
23-Oct-06 - Continued Trade - STO 2 Jan07 55.00 Call @ 2.14 - Closed
19-Dec-06 - Buy Back & Roll Out/Down - BTC 2 Jan07 55.00 Call @ -0.16 -
19-Dec-06 - Continued Trade - STO 2 Feb07 50.00 Call @ 1.69 - Closed
06-Feb-07 - Buy Back & Roll Out/Down - BTC 2 Feb07 50.00 Call @ -0.06 -
06-Feb-07 - Interim Trade - STO 2 Apr07 45.00 Call @ 1.39 - Expired
27-Apr-07 - Interim Trade - STO 2 May07 45.00 Call @ 0.84 - Expired
21-May-07 - Interim Trade - STO 2 Jun07 45.00 Call @ 0.98 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 2 Jun07 45.00 Call @ -1.46 -
15-Jun-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 2.60 - Expired
22-Oct-07 - Continued Trade - STO 2 Nov07 45.00 Call @ 1.64 - Expired
20-Nov-07 - Continued Trade - STO 2 Dec07 40.00 Call @ 0.67 - Expired
14-Jan-08 - Interim Trade - STO 2 Feb08 35.00 Call @ 0.85 - Expired
21-Feb-08 - Interim Trade - STO 2 Mar08 30.00 Call @ 0.24 - Expired
25-Mar-08 - Interim Trade - STO 2 May08 25.00 Call @ 0.74 - Expired
29-Apr-08 - Buy Back & Roll Out/Up - BTC 2 May08 25.00 Call @ -2.35 -
29-Apr-08 - Interim Trade - STO 2 Jul08 30.00 Call @ 1.38 - Expired
24-Jul-08 - Interim Trade - STO 1 Oct08 20.00 Call @ 0.31 - Expired
24-Jul-08 - Interim Trade - STO 1 Oct08 17.50 Call @ 0.65 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 18.00 Call @ 1.16 - Expired
24-Nov-08 - Interim Trade - STO 2 Dec08 8.00 Call @ 0.27 - Closed
12-Nov-08 - Buy Back and Roll Out/Up - BTC 2 Dec08 8.00 Call @ -2.01 -
11-Dec-08 - Interim Trade - STO 2 Jan09 11.00 Call @ 1.13 - Closed
16-Jan-09 - Buy Back - BTC 2 Jan09 11.00 Call @ -1.05 -
22-Jan-09 - Interim Trade - STO 2 Feb09 13.00 Call @ 0.81 - Expired
24-Feb-09 - Interim Trade - STO 2 Mar09 11.00 Call @ 0.22 - Expired
24-Mar-09 - Interim Trade - STO 2 Apr09 14.00 Call @ 0.67 - Closed
17-Apr-09 - Buy Back and Roll Out - BTC 2 Apr09 14.00 Call @ -1.05 -
17-Apr-09 - Interim Trade - STO 2 May08 15.00 Call @ 1.53 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May08 15.00 Call @ -1.50 -
04-May-09 - Interim Trade - STO 2 Jun09 15.00 call @ 2.25 - Expired
24-Jun-09 - Interim Trade - STO 2 Jul09 16.00 Call @ 0.32 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 16.00 Call @ -1.97 -
17-Jul-09 - Interim Trade - STO 2 Aug09 16.00 Call @ 2.66 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 2 Aug09 16.00 Call @ -1.06 -
11-Aug-09 - Interim Trade - STO 2 Sep09 16.00 Call @ 1.56 - Exercised
18-Sep-09 - Option Exercised - EX 2 Sep09 16.00 Call @ 16.00 -
22-Sep-09 - CSP Margin Used - CSP 200 SNDK @ 20.00 -
22-Sep-09 - Combined Cost Basis - DSA 200 SNDK @ 58.27 -
22-Sep-09 - Continued Trade - STO 2 Nov09 20.00 Put @ 1.01 -

PLCM - Adjustment

The following adjustment was made today on Polycom (PLCM):

22-Sep-09 - CSP Margin Used - CSP 100 PLCM @ 22.50 -
22-Sep-09 - Combined Cost Basis - DSA 100 PLCM @ 36.64 -
22-Sep-09 - Continued Trade - STO 1 Nov09 22.50 Put @ 0.40 -

I allowed the stock to get called away at $17.50 at Sep expiration. Today I sold the Nov09 22.50 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $500.

Current Position Summary:

Stock Investment: $3,664.00
Income Generated: $800.30
Percent Income Generated: 21.84%
Annualized Income Generated: 9.69%
Net Profit If Expired: -$613.70
Percent Return If Expired: -16.75%
Annualized Return If Expired: -7.43%
Days Held to Expiration: 823 days

Trade History:

20-Aug-07 - Initial Stock Position - BTO 100 PLCM @ 31.64 -
20-Aug-07 - Initial Call Option - STO 1 Sep07 30.00 Call @ 2.55 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 30.00 Call @ 0.34 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 30.00 Call @ 0.79 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 30.00 Call @ 0.27 - Expired
14-Jan-08 - Interim Trade - STO 1 Feb08 25.00 Call @ 0.78 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 25.00 Call @ 0.29 - Expired
25-Mar-08 - Interim Trade - STO 1 May08 25.00 Call @ 0.73 - Closed
16-May-08 - Buy Back & Roll Out/Up - BTC 1 May08 25.00 Call @ -0.06 -
19-May-08 - Continued Trade - STO 1 Jul08 30.00 Call @ 0.24 - Expired
22-Jul-08 - Interim Trade - STO 1 Oct08 25.00 Call @ 0.83 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 25.00 Call @ 0.23 - Expired
24-Nov-08 - Interim Trade - STO 1 Jan09 22.50 Call @ 0.39 - Expired
22-Jan-09 - Interim Trade - STO 1 Feb09 15.00 Call @ 0.29 - Expired
24-Feb-09 - Interim Trade - STO 1 Apr09 15.00 Call @ 0.51 - Closed
09-Apr-09 - Buy Back & Roll Out/Up - BTC 1 Apr09 15.00 Call @ -1.91 -
09-Apr-09 - Interim Trade - STO 1 Jul09 17.50 Call @ 1.44 - Closed
17-Jul-09 - Buy Back & Roll Out - BTC 1 Jul09 17.50 Call @ -6.28 -
17-Jul-09 - Interim Trade - STO 1 Aug09 17.50 Call @ 6.27 - Closed
11-Aug-09 - Buy Back & Roll Out - BTC 1 Aug09 17.50 Call @ -5.29 -
11-Aug-09 - Interim Trade - STO 1 Sep09 17.50 Call @ 5.19 - Exercised
18-Sep-09 - Option Exercised - EX 1 Sep09 17.50 Call @ 17.50 -
22-Sep-09 - CSP Margin Used - CSP 100 PLCM @ 22.50 -
22-Sep-09 - Combined Cost Basis - DSA 100 PLCM @ 36.64 -
22-Sep-09 - Continued Trade - STO 1 Nov09 22.50 Put @ 0.40 -

MCO - Adjustment

The following adjustments were made today on Moody's Corp (MCO):

22-Sep-09 - Interim Trade - STO 2 Oct09 24.00 Call @ 0.72 -

Current Position Summary:

Stock Investment: $10,649.00
Income Generated: $2,931.20
Percent Income Generated: 27.53%
Annualized Income Generated: 11.95%
Net Profit If Called: -$2,917.80
Percent Return If Called: -27.40%
Annualized Return If Called: -11.89%
Days Held to Expiration: 841 days

Trade History:

28-Jun-07 - Initial Stock Position - BTO 100 MCO @ 62.41 -
28-Jun-07 - Initial Call Option - STO 1 Jul07 60.00 Call @ 3.49 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 60.00 Call @ 1.54 - Expired
20-Aug-07 - Interim Trade - STO 1 Sep07 55.00 Call @ 0.89 - Expired
10-Sep-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
24-Sep-07 - Interim Trade - STO 1 Oct07 55.00 Call @ 0.24 - Expired
25-Oct-07 - Second Stock Position - BTO 100 MCO @ 44.08 -
25-Oct-07 - Combined Cost Basis - $10,649.00 200 @ 53.25 -
25-Oct-07 - Continued Trade - STO 2 Dec07 55.00 Call @ 0.29 - Expired
10-Dec-07 - Dividend Received - DIV 200 Dividend @ 0.08 -
24-Jan-08 - Interim Trade - STO 2 Feb08 40.00 Call @ 0.89 - Expired
21-Feb-08 - Interim Trade - STO 2 Mar08 45.00 Call @ 0.24 - Expired
10-Mar-08 - Dividend Received - DIV 200 Dividend @ 0.10 -
25-Mar-08 - Interim Trade - STO 2 May08 45.00 Call @ 0.54 - Expired
16-May-08 - Buy Back & Roll Out/Up - BTC 2 May08 45.00 Call @ -0.11 -
22-May-08 - Interim Trade - STO 2 Jul08 40.00 Call @ 0.94 - Expired
10-Jun-08 - Dividend Received - DIV 200 Dividend @ 0.10 -
30-Jul-08 - Interim Trade - STO 1 Aug08 40.00 Call @ 0.54 - Closed
30-Jul-08 - Interim Trade - STO 1 Sep08 40.00 Call @ 1.04 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 40.00 Call @ -0.26 -
15-Aug-08 - Interim Trade - STO 1 Sep08 40.00 Call @ 2.00 - Closed
10-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.10 -
12-Sep-08 - Buy Back & Roll Out - BTC 2 Sep08 40.00 Call @ -0.71 -
12-Sep-08 - Interim Trade - STO 2 Oct08 40.00 Call @ 1.69 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 30.00 Call @ 0.56 - Expired
24-Nov-08 - Interim Trade - STO 2 Jan09 25.00 Call @ 1.19 - Expired
10-Dec-08 - Dividend Received - DIV 200 Dividend @ 0.10 -
22-Jan-09 - Interim Trade - STO 2 Feb09 25.00 Call @ 0.64 - Expired
24-Feb-09 - Interim Trade - STO 2 Apr09 22.50 Call @ 0.81 - Closed
10-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.10 -
13-Apr-09 - Buy Back & Roll Out/Up - BTC 2 Apr09 22.50 Call @ -3.19 -
13-Apr-09 - Interim Trade - STO 2 Aug09 25.00 Call @ 3.89 - Closed
10-Jun-09 - Dividend Received - DIV 200 Dividend @ 0.10 -
11-Aug-09 - Buy Back & Roll Out - BTC 2 Aug09 25.00 Call @ -0.71 -
11-Aug-09 - Interim Trade - STO 2 Sep09 25.00 Call @ 1.39 - Expired
10-Sep-09 - Dividend Received - DIV 200 Dividend @ 0.10 -
22-Sep-09 - Interim Trade - STO 2 Oct09 24.00 Call @ 0.72 -

LM - Adjustment

The following adjustment was made today on Legg Mason (LM):

22-Sep-09 - CSP Margin Used - CSP 100 LM @ 29.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 LM @ 97.09 -
22-Sep-09 - Continued Trade - STO 1 Nov09 29.00 Put @ 1.40 -

I allowed the stock to get called away at $23 at Sep expiration. Today I sold the Nov09 29 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $600. I closed the second position in BAC for a small profit at expiration.

Current Position Summary:

Stock Investment: $9,709.00
Income Generated: $1,877.90
Percent Income Generated: 19.34%
Annualized Income Generated: 8.34%
Net Profit If Expired: -$4,931.10
Percent Return If Expired: -50.79%
Annualized Return If Expired: -21.89%
Days Held to Expiration: 847 days

Trade History:

27-Jul-07 - Initial Stock Position - BTO 100 LM @ 91.09 -
27-Jul-07 - Initial Call Option - STO 1 Aug07 90.00 Call @ 3.49 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 90.00 Call @ 2.09 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 90.00 Call @ 0.47 - Expired
15-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.24 -
25-Oct-07 - Continued Trade - STO 1 Dec07 85.00 Call @ 2.09 - Expired
31-Dec-07 - Dividend Received - DIV 100 Dividend @ 0.24 -
07-Jan-08 - Interim Trade - STO 1 Feb08 80.00 Call @ 0.97 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 75.00 Call @ 0.64 - Expired
25-Mar-08 - Interim Trade - STO 1 Apr08 65.00 Call @ 0.68 - Expired
07-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.24 -
23-Apr-08 - Interim Trade - STO 1 May08 65.00 Call @ 0.39 - Expired
22-May-08 - Interim Trade - STO 1 Jul08 60.00 Call @ 0.82 - Expired
07-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.24 -
29-Jul-08 - Interim Trade - STO 1 Sep08 45.00 Call @ 1.40 - Closed
12-Sep-08 - Buy Back & Roll Out - BTC 1 Sep08 45.00 Call @ -0.40 -
12-Sep-08 - Interim Trade - STO 1 Oct08 45.00 Call @ 1.50 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 25.00 Call @ 1.59 - Expired
20-Oct-08 - Dividend Received - DIV 100 Dividend @ 0.24 -
24-Nov-08 - Interim Trade - STO 1 Dec08 20.00 Call @ 0.49 - Closed
18-Dec-08 - Buy Back & Roll Out - BTC 1 Dec08 20.00 Call @ -1.51 -
18-Dec-08 - Interim Trade - STO 1 Feb09 25.00 Call @ 2.14 - Expired
05-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.24 -
24-Feb-09 - Interim Trade - STO 1 Apr09 17.50 Call @ 0.43 - Closed
13-Apr-09 - Buy Back & Roll Out/Up - BTC 1 Apr09 17.50 Call @ -2.01 -
13-Apr-09 - Interim Trade - STO 1 Aug09 20.00 Call @ 3.20 - Closed
13-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.24 -
13-Jul-09 - Dividend Received - DIV 100 Dividend @ 0.03 -
11-Aug-09 - Buy Back & Roll Out/Up - BTC 1 Aug09 20.00 Call @ -6.91 -
11-Aug-09 - Second Stock Position - BTO 100 LM @ 26.73 -
11-Aug-09 - Combined Cost Basis - $11,781.99 200 @ 58.91 -
11-Aug-09 - Interim Trade - STO 1 Sep09 23.00 Call @ 4.10 - Exercised
18-Sep-09 - Option Exercised - EX 1 Sep09 23.00 Call @ 23.00 -
22-Sep-09 - CSP Margin Used - CSP 100 LM @ 29.00 -
22-Sep-09 - Combined Cost Basis - DSA 100 LM @ 97.09 -
22-Sep-09 - Continued Trade - STO 1 Nov09 29.00 Put @ 1.40 -

LLY - Adjustment

The following adjustment was made today on Eli Lilly (LLY):

22-Sep-09 - Interim Trade - STO 1 Oct09 34.00 Call @ 0.19 -

Current Position Summary:

Stock Investment: $5,003.00
Income Generated: $1,020.30
Percent Income Generated: 20.39%
Annualized Income Generated: 13.99%
Net Profit If Called: -$582.70
Percent Return If Called: -11.65%
Annualized Return If Called: -7.99%
Days Held to Expiration: 532 days

Trade History:

02-May-08 - Initial Stock Position - BTO 100 LLY @ 49.71 - Called
02-May-08 - Initial Call Option - STO 1 Jun08 50.00 Call @ 1.29 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
07-Jul-08 - Continued Trade - STO 1 Aug08 50.00 Call @ 0.29 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 0.32 - Expired
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
23-Sep-08 - Continued Trade - STO 1 Oct08 50.00 Call @ 0.40 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 40.00 Call @ 0.19 - Expired
24-Nov-08 - Interim Trade - STO 1 Jan09 40.00 Call @ 0.39 - Expired
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
29-Jan-09 - Interim Trade - STO 1 Mar09 40.00 Call @ 0.90 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.49 -
24-Mar-09 - Interim Trade - STO 1 Apr09 35.00 Call @ 0.74 - Expired
21-Apr-09 - Interim Trade - STO 1 May09 35.00 Call @ 0.49 - Exercised
13-May-09 - Option Exercised - EX 1 May09 35.00 Call @ 35.00 -
13-May-09 - Repurchase Stock Position - BTO 100 LLY @ 35.32 -
13-May-09 - Interim Trade - STO 1 Jun09 35.00 Call @ 1.59 - Expired
24-Jun-09 - Interim Trade - STO 1 Jul09 35.00 Call @ 0.29 - Expired
23-Jul-09 - Interim Trade - STO 1 Aug09 35.00 Call @ 0.49 - Closed
12-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 35.00 Call @ -0.11 -
12-Aug-09 - Interim Trade - STO 1 Sep09 35.00 Call @ 0.35 - Expired
10-Sep-09 - Dividend Received - DIV 100 Dividend @ 0.49 -
22-Sep-09 - Interim Trade - STO 1 Oct09 34.00 Call @ 0.19 -

DHI - Adjustment

The following adjustment was made today on DR Horton (DHI):

22-Sep-09 - CSP Margin Used - CSP 300 DHI @ 11.00 -
22-Sep-09 - Combined Cost Basis - $8,777.00 300 @ 29.26 -
22-Sep-09 - Continued Trade - STO 3 Nov09 11.00 Put @ 0.44 -

I allowed the stock to get called away at $11 at Sep expiration. Today I sold the Nov09 11 Put to continue the position as a cash secured put (CSP).

Current Position Summary:

Stock Investment: $8,777.00
Income Generated: $3,105.85
Percent Income Generated: 35.39%
Annualized Income Generated: 8.22%
Net Profit If Expired: -$2,371.15
Percent Return If Expired: -27.02%
Annualized Return If Expired: -6.27%
Days Held to Expiration: 1572 days

Trade History:

01-Aug-05 - Initial Stock Position - BTO 100 DHI @ 40.18 -
01-Aug-05 - Initial Call Option - STO 1 Aug05 40.00 Call @ 1.29 - Expired
19-Aug-05 - Dividend Received - DIV 100 Dividend @ 0.09 -
22-Aug-05 - Continued Trade - STO 1 Oct05 40.00 Call @ 0.54 - Closed
05-Oct-05 - Buy Back & Roll Out/Down - BTC 1 Oct05 40.00 Call @ -0.11 -
24-Oct-05 - Interim Trade - STO 1 Nov05 35.00 Call @ 0.49 - Closed
31-Oct-05 - Dividend Received - DIV 100 Dividend @ 0.09 -
18-Nov-05 - Buy Back & Roll Out/Up - BTC 1 Nov05 35.00 Call @ -0.31 -
21-Nov-05 - Continued Trade - STO 1 Dec05 40.00 Call @ 0.34 - Expired
09-Jan-06 - Continued Trade - STO 1 Jan06 40.00 Call @ 0.49 - Expired
23-Jan-06 - Continued Trade - STO 1 Feb06 40.00 Call @ 0.69 - Expired
10-Feb-06 - Dividend Received - DIV 100 Dividend @ 0.10 -
21-Feb-06 - Continued Trade - STO 1 Apr06 40.00 Call @ 0.44 - Closed
23-Mar-06 - Buy Back & Roll Out - BTC 1 Apr06 40.00 Call @ -0.11 -
23-Mar-06 - Continued Trade - STO 1 Aug06 40.00 Call @ 0.94 -
19-May-06 - Dividend Received - DIV 100 Dividend @ 0.10 -
23-May-06 - Buy Back & Roll Out/Down - BTC 1 Aug06 40.00 Call @ -0.11 - Closed
23-May-06 - Second Stock Position - BTO 100 DHI @ 26.89 -
23-May-08 - Combined Cost Basis - $6,707.00 200 @ 33.54 -
23-May-06 - Continued Trade - STO 2 Jan07 35.00 Call @ 1.04 -
25-Jul-06 - Buy Back & Roll Down - BTC 2 Jan07 35.00 Call @ -0.16 - Closed
25-Jul-06 - Third Stock Position - BTO 100 DHI @ 20.70 -
25-Jul-06 - Combined Cost Basis - $8,777.00 300 @ 29.26 -
25-Jul-06 - Interim Trade - STO 3 Jan07 25.00 Call @ 0.99 - Closed
01-Nov-06 - Dividend Received - DIV 300 Dividend @ 0.15 -
19-Dec-06 - Buy Back & Roll Up - BTC 3 Jan07 25.00 Call @ -2.36 -
19-Dec-06 - Continued Trade - STO 3 Jan08 30.00 Call @ 2.74 - Expired
09-Feb-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
18-May-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
27-Aug-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
16-Nov-07 - Dividend Received - DIV 300 Dividend @ 0.15 -
24-Jan-08 - Interim Trade - STO 3 Feb08 15.00 Call @ 0.69 - Closed
20-Feb-08 - Dividend Received - DIV 300 Dividend @ 0.15 -
21-Feb-08 - Interim Trade - STO 3 Mar08 17.50 Call @ 0.39 - Expired
25-Mar-08 - Interim Trade - STO 3 May08 20.00 Call @ 0.39 - Expired
22-May-08 - Interim Trade - STO 3 Jul08 17.50 Call @ 0.16 - Expired
29-May-08 - Dividend Received - DIV 300 Dividend @ 0.08 -
22-Jul-08 - Interim Trade - STO 1 Aug08 12.50 Call @ 0.43 - Closed
22-Jul-08 - Interim Trade - STO 1 Sep08 15.00 Call @ 0.27 - Closed
22-Jul-08 - Interim Trade - STO 1 Nov08 17.50 Call @ 0.33 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 12.50 Call @ -0.04 -
15-Aug-08 - Interim Trade - STO 1 Sep08 12.50 Call @ 0.77 - Closed
28-Aug-08 - Dividend Received - DIV 300 Dividend @ 0.08 -
12-Sep-08 - Buy Back & Roll Out - BTC 1 Sep08 15.00 Call @ -0.36 -
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 12.50 Call @ -1.86 -
12-Sep-08 - Interim Trade - STO 1 Oct08 15.00 Call @ 0.84 - Expired
12-Sep-08 - Interim Trade - STO 1 Nov08 15.00 Call @ 1.39 - Closed
20-Oct-08 - Buy Back and Roll Down - BTC 1 Nov08 17.50 Call @ -0.06 -
20-Oct-08 - Buy Back and Roll Down - BTC 1 Nov08 15.00 Call @ -0.06 -
20-Oct-08 - Interim Trade - STO 3 Dec08 10.00 Call @ 0.24 - Expired
18-Dec-08 - Dividend Received - DIV 300 Dividend @ 0.04 -
22-Dec-08 - Interim Trade - STO 3 Feb09 10.00 Call @ 0.44 - Expired
24-Feb-09 - Interim Trade - STO 3 Mar09 10.00 Call @ 0.34 - Expired
26-Feb-09 - Dividend Received - DIV 300 Dividend @ 0.04 -
24-Mar-09 - Interim Trade - STO 3 May09 12.50 Call @ 0.51 - Closed
04-May-09 - Buy Back and Roll Out - BTC 3 May09 12.50 Call @ -1.46 -
04-May-09 - Interim Trade - STO 3 Jun09 12.00 call @ 2.29 - Expired
27-May-09 - Dividend Received - DIV 300 Dividend @ 0.04 -
24-Jun-09 - Interim Trade - STO 3 Aug09 11.00 Call @ 0.29 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 3 Aug09 11.00 Call @ -1.81 -
11-Aug-09 - Interim Trade - STO 3 Sep09 11.00 Call @ 2.04 - Exercised
28-Aug-09 - Dividend Received - DIV 300 Dividend @ 0.04 -
18-Sep-09 - Option Exercised - EX 3 Sep09 11.00 Call @ 11.00 -
22-Sep-09 - CSP Margin Used - CSP 300 DHI @ 11.00 -
22-Sep-09 - Combined Cost Basis - $8,777.00 300 @ 29.26 -
22-Sep-09 - Continued Trade - STO 3 Nov09 11.00 Put @ 0.44 -

CNI - Adjustment

The following adjustment was made today on Canadian National Railway (CNI):

22-Sep-09 - CSP Margin Used - CSP 100 CNI @ 45.00 -
22-Sep-09 - Combined Cost Basis - $5,701.00 100 @ 57.01 -
22-Sep-09 - Continued Trade - STO 1 Nov09 45.00 Put @ 1.02 -

I allowed the stock to get called away at $40 at Sep expiration. Today I sold the Nov09 45 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $500.

Current Position Summary:

Stock Investment: $5,701.00
Income Generated: $1,196.48
Percent Income Generated: 20.99%
Annualized Income Generated: 18.11%
Net Profit If Expired: -$4.52
Percent Return If Expired: -0.08%
Annualized Return If Expired: -0.07%
Days Held to Expiration: 423 days

Trade History:

23-Sep-08 - Initial Stock Position - BTO 100 CNI @ 52.01 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 50.00 Call @ 3.19 - Expired
30-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
30-Sep-08 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
20-Oct-08 - Interim Trade - STO 1 Nov08 45.00 Call @ 1.04 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 40.00 Call @ 0.46 - Expired
22-Dec-08 - Interim Trade - STO 1 Jan09 40.00 Call @ 0.24 - Expired
31-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.19 -
31-Dec-08 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
23-Jan-09 - Interim Trade - STO 1 Feb09 35.00 Call @ 1.29 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 35.00 Call @ 0.64 - Expired
24-Mar-09 - Interim Trade - STO 1 May09 40.00 Call @ 1.14 - Closed
31-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.20 -
31-Mar-09 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
04-May-09 - Buy Back and Roll Out - BTC 1 May09 40.00 Call @ -3.66 -
04-May-09 - Interim Trade - STO 1 Jun09 40.00 Call @ 4.49 - Closed
02-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 40.00 Call @ -5.04 -
02-Jun-09 - Interim Trade - STO 1 Jul09 40.00 Call @ 5.56 - Closed
30-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.22 -
30-Jun-09 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 40.00 Call @ -3.64 -
17-Jul-09 - Interim Trade - STO 1 Aug09 40.00 Call @ 4.43 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 40.00 Call @ -8.23 -
11-Aug-09 - Interim Trade - STO 1 Sep09 40.00 Call @ 8.33 - Exercised
18-Sep-09 - Option Exercised - EX 1 Sep09 40.00 Call @ 40.00 -
22-Sep-09 - CSP Margin Used - CSP 100 CNI @ 45.00 -
22-Sep-09 - Combined Cost Basis - $5,701.00 100 @ 57.01 -
22-Sep-09 - Continued Trade - STO 1 Nov09 45.00 Put @ 1.02 -

CCL - Adjustment

The following adjustment was made today on Carnival (CCL):

22-Sep-09 - CSP Margin Used - CSP 200 CCL @ 30.00 -
22-Sep-09 - Combined Cost Basis - $9,125.00 200 @ 45.63 -
22-Sep-09 - Continued Trade - STO 2 Nov09 30.00 Put @ 0.91 -

I allowed the stock to get called away at $25 at Sep expiration. Today I sold the Nov09 30 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $1,000.

Current Position Summary:

Stock Investment: $9,125.00
Income Generated: $1,557.00
Percent Income Generated: 17.06%
Annualized Income Generated: 10.98%
Net Profit If Expired: -$1,568.00
Percent Return If Expired: -17.18%
Annualized Return If Expired: -11.06%
Days Held to Expiration: 567 days

Trade History:

02-May-08 - Initial Stock Position - BTO 100 CCL @ 41.36 -
02-May-08 - Initial Call Option - STO 1 Jun08 42.50 Call @ 1.38 - Expired
13-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.40 -
07-Jul-08 - Interim Trade - STO 1 Aug08 35.00 Call @ 0.79 - Closed
05-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 35.00 Call @ -5.11 -
05-Aug-08 - Dollar Cost Averaging - BTO 100 CCL @ 39.89 -
05-Aug-08 - Combined Cost Basis - $8,125.00 200 @ 40.63 -
05-Aug-08 - Continued Trade - STO 2 Oct08 40.00 Call @ 3.15 - Expired
12-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
20-Oct-08 - Interim Trade - STO 2 Nov08 32.50 Call @ 0.99 - Expired
24-Nov-08 - Interim Trade - STO 2 Jan09 22.50 Call @ 0.64 - Expired
12-Dec-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
22-Jan-09 - Interim Trade - STO 2 Feb09 22.50 Call @ 0.39 - Expired
24-Feb-09 - Interim Trade - STO 2 Apr09 22.50 Call @ 0.79 - Closed
09-Apr-09 - Buy Back and Roll Out/Up - BTC 2 Apr09 22.50 Call @ -3.29 -
09-Apr-09 - Interim Trade - STO 2 Jul09 25.00 Call @ 3.41 - Closed
17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 25.00 Call @ -1.20 -
17-Jul-09 - Interim Trade - STO 2 Aug09 25.00 Call @ 2.15 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 2 Aug09 25.00 Call @ -4.30 -
11-Aug-09 - Interim Trade - STO 2 Sep09 25.00 Call @ 4.60 - Exercised
18-Sep-09 - Option Exercised - EX 2 Sep09 25.00 Call @ 25.00 -
22-Sep-09 - CSP Margin Used - CSP 200 CCL @ 30.00 -
22-Sep-09 - Combined Cost Basis - $9,125.00 200 @ 45.63 -
22-Sep-09 - Continued Trade - STO 2 Nov09 30.00 Put @ 0.91 -

BBT - Adjustment

The following adjustment was made today on BB&T (BBT):

22-Sep-09 - CSP Margin Used - CSP 200 BBT @ 25.00 -
22-Sep-09 - Combined Cost Basis - $7,171.00 200 @ 35.86 -
22-Sep-09 - Continued Trade - STO 2 Nov09 25.00 Put @ 0.68 -

I allowed the stock to get called away at $22.50 at Sep expiration. Today I sold the Nov09 25 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $500.

Current Position Summary:

Stock Investment: $7,171.00
Income Generated: $1,912.00
Percent Income Generated: 26.66%
Annualized Income Generated: 16.09%
Net Profit If Expired: -$259.00
Percent Return If Expired: -3.61%
Annualized Return If Expired: -2.18%
Days Held to Expiration: 605 days

Trade History:

25-Mar-08 - Initial Stock Position - BTO 100 BBT @ 35.26 -
25-Mar-08 - Initial Call Option - STO 1 Apr08 35.00 Call @ 1.68 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 35.00 Call @ 0.67 - Expired
01-May-08 - Dividend Received - DIV 100 Dividend @ 0.46 -
19-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 1.47 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 27.50 Call @ 0.35 - Closed
01-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 - Expired
03-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -
22-Dec-08 - Continued Trade - STO 2 Jan09 32.50 Call @ 0.19 - Expired
22-Jan-09 - Interim Trade - STO 2 Feb09 25.00 Call @ 0.54 - Expired
02-Feb-09 - Dividend Received - DIV 200 Dividend @ 0.47 -
24-Feb-09 - Interim Trade - STO 2 Mar09 20.00 Call @ 0.34 - Expired
24-Mar-09 - Interim Trade - STO 2 Apr09 22.50 Call @ 0.29 - Closed
17-Apr-09 - Buy Back and Roll Out - BTC 2 Apr09 22.50 Call @ -1.31 -
17-Apr-09 - Interim Trade - STO 2 Jun09 25.00 Call @ 2.40 - Expired
01-May-09 - Dividend Received - DIV 200 Dividend @ 0.47 -
24-Jun-09 - Interim Trade - STO 2 Jul09 24.00 Call @ 0.29 - Expired
23-Jul-09 - Interim Trade - STO 2 Aug09 22.00 Call @ 0.62 - Closed
03-Aug-09 - Dividend Received - DIV 200 Dividend @ 0.15 -
11-Aug-09 - Buy Back and Roll Out/Up - BTC 2 Aug09 22.00 Call @ -3.10 -
11-Aug-09 - Interim Trade - STO 2 Sep09 22.50 Call @ 3.00 - Exercised
18-Sep-09 - Option Exercised - EX 2 Sep09 22.50 Call @ 22.50 -
22-Sep-09 - CSP Margin Used - CSP 200 BBT @ 25.00 -
22-Sep-09 - Combined Cost Basis - $7,171.00 200 @ 35.86 -
22-Sep-09 - Continued Trade - STO 2 Nov09 25.00 Put @ 0.68 -

BAC - Adjustment

The following adjustment was made today on Bank of America (BAC):

22-Sep-09 - CSP Margin Used - CSP 100 BAC @ 16.00 -
22-Sep-09 - Combined Cost Basis - $3,672.00 100 @ 36.72 -
22-Sep-09 - Continued Trade - STO 1 Oct09 16.00 Put @ 0.27 -

I allowed the stock to get called away at $13 at Sep expiration since. Today I sold the Oct09 16 Put to continue the position as a cash secured put (CSP), which increased my cost basis by $300. I closed the second position in BAC for a small profit at expiration.

Current Position Summary:

Stock Investment: $3,672.00
Income Generated: $681.10
Percent Income Generated: 18.55%
Annualized Income Generated: 17.49%
Net Profit If Expired: -$1,390.90
Percent Return If Expired: -37.88%
Annualized Return If Expired: -35.73%
Days Held to Expiration: 387 days

Trade History:

24-Sep-08 - Initial Stock Position - BTO 100 BAC @ 33.72 -
24-Sep-08 - Initial Call Option - STO 1 Oct08 32.50 Call @ 3.21 - Expired
26-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.64 -
20-Oct-08 - Interim Trade - STO 1 Nov08 27.50 Call @ 0.73 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 17.50Call @ 0.47 - Expired
22-Dec-08 - Interim Trade - STO 1 Jan09 16.00 Call @ 0.47 - Expired
26-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.32 -
22-Jan-09 - Interim Trade - STO 1 Mar09 9.00 Call @ 0.67 - Expired
24-Mar-09 - Interim Trade - STO 1 Apr09 9.00 Call @ 0.60 - Closed
27-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.01 -
14-Apr-09 - Buy Back and Roll Out/Up - BTC 1 Apr09 9.00 Call @ -1.76 -
14-Apr-09 - Interim Trade - STO 1 May09 10.00 Call @ 2.05 - Closed
15-May-09 - Buy Back and Roll Out/Up - BTC 1 May09 10.00 Call @ -0.73 -
15-May-09 - Interim Trade - STO 1 Jun09 11.00 Call @ 1.15 - Closed
18-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 11.00 Call @ -1.88 -
18-Jun-09 - Interim Trade - STO 1 Jul09 11.00 Call @ 2.18 - Closed
26-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.01 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 11.00 Call @ -1.87 -
17-Jul-09 - Interim Trade - STO 1 Aug09 11.00 Call @ 2.09 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 11.00 Call @ -4.96 -
11-Aug-09 - Interim Trade - STO 1 Sep09 13.00 Call @ 3.14 - Exercised
18-Sep-09 - Option Exercised - EX 1 Sep09 13.00 Call @ 13.00 -
22-Sep-09 - CSP Margin Used - CSP 100 BAC @ 16.00 -
22-Sep-09 - Combined Cost Basis - $3,672.00 100 @ 36.72 -
22-Sep-09 - Continued Trade - STO 1 Oct09 16.00 Put @ 0.27 -

Sunday, September 20, 2009

LM - Closed

The Legg Mason (LM) position was exercised on Fri and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

I allowed this second LM CC position to be called away for a small profit to free up the capital.

Trade Results

Stock Investment: $2,672.99
Income Generated: $410.30
Net Profit: $37.31
Percent Return: 1.40%
Annualized Return: 13.41%
Duration of Trade: 38 days

Trade History:

11-Aug-09 - Second Stock Position - BTO 100 LM @ 26.73 -
11-Aug-09 - Initial Call Option - STO 1 Sep09 23.00 Call @ 4.10 - Exercised
18-Sep-09 - Option Exercised - EX 1 Sep09 23.00 Call @ 23.00 -

BAC - Closed

The Bank of America (BAC) position was exercised on Fri and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

I allowed this second BAC CC position to be called away for a small profit to free up the capital.

Trade Results

Stock Investment: $1,594.99
Income Generated: $314.30
Net Profit: $19.31
Percent Return: 1.21%
Annualized Return: 11.63%
Duration of Trade: 38 days

Trade History:

11-Aug-09 - Second Stock Position - BTO 100 BAC @ 15.95 -
11-Aug-09 - Initial Call Option - STO 1 Sep09 13.00 Call @ 3.14 - Exercised
18-Sep-09 - Option Exercised - EX 1 Sep09 13.00 Call @ 13.00 -

WGO - Adjustment

The following adjustment was made on Friday on Winnebago Industries (WGO):

18-Sep-09 - Buy Back and Roll Out - BTC 2 Sep09 12.50 Call @ -0.16 -
18-Sep-09 - Interim Trade - STO 2 Oct09 12.50 Call @ 1.02 -

Current Position Summary:

Stock Investment: $6,455.00
Income Generated: $2,127.10
Percent Income Generated: 32.95%
Annualized Income Generated: 7.76%
Net Profit If Called: -$1,827.90
Percent Return If Called: -28.32%
Annualized Return If Called: -6.67%
Days Held to Expiration: 1550 days

Trade History:

19-Jul-05 - Initial Stock Position - BTO 100 WGO @ 34.92 -
19-Jul-05 - Initial Call Option - STO 1 Aug05 35.00 Call @ 1.09 - Expired
22-Aug-05 - Continued Trade - STO 1 Sep05 35.00 Call @ 0.44 - Closed
01-Sep-05 - Buy Back & Roll Out - BTC 1 Sep05 35.00 Call @ -0.06 -
19-Sep-05 - Continued Trade - STO 1 Nov05 35.00 Call @ 0.34 - Closed
03-Oct-05 - Dividend Received - DIV 100 Dividend @ 0.09 -
21-Oct-05 - Buy Back & Roll Down - BTC 1 Nov05 35.00 Call @ -0.06 -
24-Oct-05 - Interim Trade - STO 1 Nov05 30.00 Call @ 0.24 - Closed
14-Nov-05 - Buy Back & Roll Up - BTC 1 Nov05 30.00 Call @ -2.66 -
21-Nov-05 - Continued Trade - STO 1 Jan06 35.00 Call @ 0.99 - Expired
09-Jan-06 - Dividend Received - DIV 100 Dividend @ 0.09 -
23-Jan-06 - Continued Trade - STO 1 Mar06 35.00 Call @ 0.44 - Expired
20-Mar-06 - Dollar Cost Averaging - BTO 100 WGO @ 29.63 -
20-Mar-06 - Combined Cost Basis - $6,455.00 200 @ 32.28 -
20-Mar-06 - Continued Trade - STO 2 Jul05 35.00 Call @ 0.69 - Expired
03-Apr-06 - Dividend Received - DIV 100 Dividend @ 0.09 -
10-Jul-06 - Dividend Received - DIV 200 Dividend @ 0.09 -
24-Jul-06 - Continued Trade - STO 2 Jan07 35.00 Call @ 1.39 - Closed
09-Oct-06 - Dividend Received - DIV 200 Dividend @ 0.10 -
22-Dec-06 - Buy Back & Roll Out - BTC 2 Jan07 35.00 Call @ -0.16 -
22-Dec-06 - Continued Trade - STO 2 Apr07 35.00 Call @ 1.19 - Expired
08-Jan-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
09-Apr-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
23-Apr-07 - Continued Trade - STO 2 May07 35.00 Call @ 0.54 - Expired
21-May-07 - Continued Trade - STO 2 Jun07 35.00 Call @ 0.09 - Expired
19-Jun-07 - Continued Trade - STO 2 Jan08 35.00 Call @ 0.94 - Expired
09-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
08-Oct-07 - Dividend Received - DIV 200 Dividend @ 0.12 -
24-Jan-08 - Interim Trade - STO 2 Feb08 22.50 Call @ 0.44 - Expired
21-Feb-08 - Interim Trade - STO 2 Apr08 22.50 Call @ 0.79 - Expired
07-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
23-Apr-08 - Interim Trade - STO 2 Jul08 17.50 Call @ 0.49 - Expired
08-Jul-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
22-Jul-08 - Interim Trade - STO 2 Sep08 15.00 Call @ 0.40 - Closed
12-Sep-08 - Buy Back & Roll Out - BTC 2 Sep08 15.00 Call @ -0.06 -
12-Sep-08 - Interim Trade - STO 2 Oct08 15.00 Call @ 0.23 - Expired
06-Oct-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
20-Oct-08 - Interim Trade - STO 2 Dec08 10.00 Call @ 0.15 - Expired
22-Dec-08 - Interim Trade - STO 2 Feb09 7.50 Call @ 0.14 - Expired
27-Mar-09 - Interim Trade - STO 2 May09 7.50 Call @ 0.18 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May09 7.50 Call @ -0.81 -
04-May-09 - Interim Trade - STO 2 Jun09 7.50 Call @ 1.14 - Expired
12-Aug-09 - Interim Trade - STO 2 Sep09 12.50 Call @ 0.46 - Closed
18-Sep-09 - Buy Back and Roll Out - BTC 2 Sep09 12.50 Call @ -0.16 -
18-Sep-09 - Interim Trade - STO 2 Oct09 12.50 Call @ 1.02 -

TLT - Adjustment

The following adjustment was made on Friday on iShares Trust Barclays 20 Year Treasury Bond Fund (TLT):

18-Sep-09 - Buy Back and Roll Up - BTC 3 Sep09 96.00 Call @ -0.06 -
18-Sep-09 - Interim Trade - STO 3 Oct09 97.00 Call @ 1.04 -

Current Position Summary:

Stock Investment: $33,620.95
Income Generated: $3,335.55
Percent Income Generated: 9.92%
Annualized Income Generated: 12.15%
Net Profit If Called: -$1,185.40
Percent Return If Called: -3.53%
Annualized Return If Called: -4.32%
Days Held to Expiration: 298 days

Trade History:

22-Dec-08 - First Stock Position - BTO 100 TLT @ 121.03 -
22-Dec-08 - Initial Call Option - STO 1 Jan09 121.00 Call @ 3.39 - Expired
02-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.41 -
20-Jan-09 - Interim Trade - STO 1 Feb09 113.00 Call @ 1.39 - Expired
24-Feb-09 - Interim Trade - STO 2 Mar09 110.00 Call @ 1.09 - Expired
22-Jan-09 - Second Stock Position - BTO 100 TLT @ 108.96 -
22-Jan-09 - Combined Cost Basis - $22,998.95 200 @ 114.99 -
22-Jan-09 - Initial Call Option - STO 1 Feb09 109.00 Call @ 2.84 - Expired
06-Feb-09 - Dividend Received - DIV 200 Dividend @ 0.29 -
24-Feb-09 - Third Stock Position - BTO 100 TLT @ 106.22 -
24-Feb-09 - Combined Cost Basis - $33,620.95 300 @ 112.07 -
24-Feb-09 - Initial Call Option - STO 1 Mar09 106.00 Call @ 2.59 -
06-Mar-09 - Dividend Received - DIV 300 Dividend @ 0.28 -
24-Mar-09 - Interim Trade - STO 3 Apr09 105.00 Call @ 0.79 - Expired
07-Apr-09 - Dividend Received - DIV 300 Dividend @ 0.30 -
07-May-09 - Dividend Received - DIV 300 Dividend @ 0.30 -
15-May-09 - Interim Trade - STO 3 Jun09 100.00 Call @ 1.09 - Closed
05-Jun-09 - Buy Back and Roll Down - BTC 3 Jun09 100.00 Call @ -0.06 -
05-Jun-09 - Interim Trade - STO 3 Jun09 94.00 Call @ 0.29 -
05-Jun-09 - Interim Trade - STO 3 Jun09 94.00 Call @ 0.29 - Expired
05-Jun-09 - Dividend Received - DIV 300 Dividend @ 0.31 -
24-Jun-09 - Interim Trade - STO 3 Jul09 96.00 Call @ 0.64 - Expired
08-Jul-09 - Dividend Received - DIV 300 Dividend @ 0.30 -
07-Aug-09 - Dividend Received - DIV 300 Dividend @ 0.32 -
12-Aug-09 - Interim Trade - STO 3 Sep09 96.00 Call @ 0.79 - Closed
08-Sep-09 - Dividend Received - DIV 300 Dividend @ 0.31 -
18-Sep-09 - Buy Back and Roll Up - BTC 3 Sep09 96.00 Call @ -0.06 -
18-Sep-09 - Interim Trade - STO 3 Oct09 97.00 Call @ 1.04 -

MHP - Adjustment

The following adjustment was made on Friday on McGraw-Hill (MHP):

18-Sep-09 - Buy Back and Roll Out - BTC 1 Sep09 25.00 Call @ -1.80 -
18-Sep-09 - Interim Trade - STO 1 Oct09 25.00 Call @ 2.54 -

Current Position Summary:

Stock Investment: $4.527.00
Income Generated: $691.40
Percent Income Generated: 15.27%
Annualized Income Generated: 10.82%
Net Profit If Called: -$1,335.60
Percent Return If Called: -29.50%
Annualized Return If Called: -20.91%
Days Held to Expiration: 515 days

Trade History:

19-May-08 - Initial Stock Position - BTO 100 MHP @ 45.27 -
19-May-08 - Initial Call Option - STO 1 Jun08 45.00 Call @ 1.64 - Expired
11-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
07-Jul-08 - Continued Trade - STO 1 Aug08 45.00 Call @ 0.34 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 45.00 Call @ 0.51 - Closed
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
23-Sep-08 - Continued Trade - STO 1 Nov08 45.00 Call @ 0.79 - Closed
20-Oct-08 - Buy Back and Roll Down - BTC 1 Nov08 45.00 Call @ -0.21 - Closed
20-Oct-08 - Interim Trade - STO 1 Nov08 35.00 Call @ 0.29 - Expired
24-Nov-08 - Interim Trade - STO 1 Jan09 30.00 Call @ 0.87 - Expired
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
27-Jan-09 - Interim Trade - STO 1 Feb09 22.50 Call @ 0.35 - Closed
09-Feb-09 - Buy Back and Roll Out/Up - BTC 1 Feb09 22.50 Call @ -3.30 -
09-Feb-09 - Interim Trade - STO 1 Mar09 25.00 Call @ 1.89 - Expired
11-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.23 -
24-Mar-09 - Interim Trade - STO 1 May09 25.00 Call @ 1.16 - Closed
29-Apr-09 - Buy Back and Roll Out - BTC 1 May09 25.00 Call @ -5.11 -
29-Apr-09 - Interim Trade - STO 1 Jun09 25.00 Call @ 5.39 - Closed
21-May-09 - Buy Back and Roll Out - BTC 1 Jun09 25.00 Call @ -5.79 -
21-May-09 - Interim Trade - STO 1 Aug09 25.00 Call @ 6.31 - Closed
10-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.23 -
11-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 25.00 Call @ -4.70 -
11-Aug-09 - Interim Trade - STO 1 Sep09 25.00 Call @ 4.40 - Closed
10-Sep-09 - Dividend Received - DIV 100 Dividend @ 0.23 -
18-Sep-09 - Buy Back and Roll Out - BTC 1 Sep09 25.00 Call @ -1.80 -
18-Sep-09 - Interim Trade - STO 1 Oct09 25.00 Call @ 2.54 -

KO - Closed

The Coca Cola Company (KO) position was exercised on 9/10 and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

Trade Results

Stock Investment: $4,922.99
Income Generated: $332.50
Net Profit: $159.51
Percent Return: 3.24%
Annualized Return: 12.58%
Duration of Trade: 94 days

Trade History:

08-Jun-09 - Second Stock Position - BTO 100 KO @ 49.23 -
08-Jun-09 - Initial Call Option - STO 1 Jul09 47.50 Call @ 2.24 - Closed
01-Jul-09 - Dividend Received - DIV 100 Dividend @ 0.41 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 47.50 Call @ -2.66 -
17-Jul-09 - Continued Trade - STO 1 Aug09 47.50 Call @ 2.99 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 47.50 Call @ -1.76 -
11-Aug-09 - Continued Trade - STO 1 Sep09 47.50 Call @ 2.09 - Exercised
10-Sep-09 - Option Exercised - EX 1 Sep09 47.50 Call @ 47.50 -

KO - Adjustment

The following adjustment was made on Friday on Coca Cola Company (KO):

10-Sep-09 - Option Exercised - EX 1 Sep09 47.50 Call @ 47.50 -
18-Sep-09 - CSP Margin Used - CSP 100 KO @ 50.00 -
18-Sep-09 - Combined Cost Basis - $5,272.00 100 @ 52.72 -
18-Sep-09 - Continued Trade - STO 1 Oct09 50.00 Put @ 0.24 -

The Sep09 47.50 call was exercised early on 9/10 to capture the dividend. I re-entered the position today by selling the Oct09 50 put, which increased the cost basis by $250. I let the second half of this position get called away at a small profit.

Current Position Summary:

Stock Investment: $5,272.00
Income Generated: $700.50
Percent Income Generated: 13.29%
Annualized Income Generated: 12.53%
Net Profit If Expired: $428.50
Percent Return If Expired: 8.13%
Annualized Return If Expired: 7.67%
Days Held to Expiration: 387 days

Trade History:

24-Sep-08 - Initial Stock Position - BTO 100 KO @ 50.22 - Called
24-Sep-08 - Initial Call Option - STO 1 Oct08 50.00 Call @ 1.59 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 50.00 Call @ 0.79 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 50.00 Call @ 0.48 - Expired
15-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.38 -
22-Dec-08 - Interim Trade - STO 1 Jan09 47.50 Call @ 0.55 - Expired
22-Jan-09 - Interim Trade - STO 1 Mar09 47.50 Call @ 0.63 - Expired
24-Mar-09 - Interim Trade - STO 1 Apr09 45.00 Call @ 0.80 - Expired
01-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.41 -
17-Apr-09 - Buy Back and Roll Out - BTC 1 Apr09 45.00 Call @ -0.21 -
17-Apr-09 - Interim Trade - STO 1 May09 45.00 Call @ 1.40 - Closed
15-May-09 - Buy Back and Roll Out - BTC 1 May09 45.00 Call @ -0.06 -
15-May-09 - Interim Trade - STO 1 Jun09 45.00 Call @ 0.99 - Closed
08-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 45.00 Call @ -4.31 -
08-Jun-09 - Interim Trade - STO 1 Jul09 47.50 Call @ 2.24 - Closed
01-Jul-09 - Dividend Received - DIV 100 Dividend @ 0.41 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 47.50 Call @ -2.66 -
17-Jul-09 - Continued Trade - STO 1 Aug09 47.50 Call @ 2.99 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 47.50 Call @ -1.76 -
11-Aug-09 - Continued Trade - STO 1 Sep09 47.50 Call @ 2.09 - Exercised
10-Sep-09 - Option Exercised - EX 1 Sep09 47.50 Call @ 47.50 -
18-Sep-09 - CSP Margin Used - CSP 100 KO @ 50.00 -
18-Sep-09 - Combined Cost Basis - $5,272.00 100 @ 52.72 -
18-Sep-09 - Continued Trade - STO 1 Oct09 50.00 Put @ 0.24 -

GE - Adjustment

The following adjustment was made on Friday on General Electric (GE):

16-Sep-09 - Option Exercised - EX 1 Sep09 11.00 Call @ 11.00 -
18-Sep-09 - CSP Margin Used - CSP 100 GE @ 15.00 -
18-Sep-09 - Combined Cost Basis - $2,901.00 100 @ 29.01 -
18-Sep-09 - Continued Trade - STO 1 Oct09 15.00 Put @ 0.31 -

The Sep09 11 call was exercised early on 9/16 to capture the dividend. I re-entered the position today by selling the Oct09 15 put, which increased the cost basis by $400.

Current Position Summary:

Stock Investment: $2,901.00
Income Generated: $518.00
Percent Income Generated: 17.86%
Annualized Income Generated: 16.80%
Net Profit If Expired: -$883.00
Percent Return If Expired: -30.44%
Annualized Return If Expired: -28.63%
Days Held to Expiration: 388 days

Trade History:

23-Sep-08 - Initial Stock Position - BTO 100 GE @ 25.01 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 25.00 Call @ 1.79 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 22.00 Call @ 0.34 - Expired
22-Dec-08 - Interim Trade - STO 1 Feb09 18.00 Call @ 0.48 - Expired
26-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.31 -
24-Feb-09 - Interim Trade - STO 1 Apr09 11.00 Call @ 0.51 - Closed
17-Apr-09 - Buy Back and Roll Out - BTC 1 Apr09 11.00 Call @ -1.58 -
17-Apr-09 - Interim Trade - STO 1 May09 11.00 Call @ 1.87 - Closed
27-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.31 -
04-May-09 - Buy Back and Roll Out - BTC 1 May09 11.00 Call @ -2.15 -
04-May-09 - Interim Trade - STO 1 Jun09 11.00 Call @ 2.40 - Closed
16-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 11.00 Call @ -1.97 -
16-Jun-09 - Interim Trade - STO 1 Sep09 11.00 Call @ 2.46 - Exercised
27-Jul-09 - Dividend Received - DIV 100 Dividend @ 0.10 -
16-Sep-09 - Option Exercised - EX 1 Sep09 11.00 Call @ 11.00 -
18-Sep-09 - CSP Margin Used - CSP 100 GE @ 15.00 -
18-Sep-09 - Combined Cost Basis - $2,901.00 100 @ 29.01 -
18-Sep-09 - Continued Trade - STO 1 Oct09 15.00 Put @ 0.31 -

ABT - Adjustment

The following adjustment was made on Friday on Abbott Laboratories (ABT):

18-Sep-09 - Buy Back and Roll Out - BTC 1 Sep09 46.00 Call @ -0.06 -
18-Sep-09 - Continued Trade - STO 1 Oct09 46.00 Call @ 1.05 -

Current Position Summary:

Stock Investment: $4,777.00
Income Generated: $357.00
Percent Income Generated: 7.47%
Annualized Income Generated: 25.03%
Net Profit If Called: $180.00
Percent Return If Called: 3.77%
Annualized Return If Called: 12.62%
Days Held to Expiration: 109 days

Trade History:

29-Jun-09 - Initial Stock Position - BTO 100 ABT @ 47.77 -
29-Jun-09 - Initial Call Option - STO 1 Jul09 47.00 Call @ 1.37 - Expired
23-Jul-09 - Continued Trade - STO 1 Sep09 46.00 Call @ 0.81 - Closed
15-Aug-09 - Dividend Received - DIV 100 Dividend @ 0.40 -
18-Sep-09 - Buy Back and Roll Out - BTC 1 Sep09 46.00 Call @ -0.06 -
18-Sep-09 - Continued Trade - STO 1 Oct09 46.00 Call @ 1.05 -

Thursday, September 10, 2009

ADP - Adjustment

The following adjustment was made today on Automatic Data Processing (ADP):

08-Sep-09 - Option Exercised - EX 1 Sep09 37.00 Call @ 37.00 -
10-Sep-09 - CSP Margin Used - CSP 100 ADP @ 37.00 -
10-Sep-09 - Continued Trade - STO 1 Oct09 37.00 Put @ 0.62 -

The Sep09 37.00 Call was exercised early on 9/8 and the stock was called away to capture the dividend. So today I sold the Oct09 37 Put to continue the position as a cash secured put (CSP). My original cost basis remained the same since the cash received from selling the stock equals the cash required to secure the put.

Current Position Summary:

Stock Investment: $4,308.00
Income Generated: $872.60
Percent Income Generated: 20.26%
Annualized Income Generated: 19.05%
Net Profit If Expired: $264.60
Percent Return If Expired: 6.14%
Annualized Return If Expired: 5.78%
Days Held to Expiration: 388 days

Trade History:

23-Sep-08 - Initial Stock Position - BTO 100 ADP @ 43.08 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 42.50 Call @ 1.75 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 37.50 Call @ 0.84 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 40.00 Call @ 0.46 - Expired
22-Dec-08 - Continued Trade - STO 1 Feb09 42.50 Call @ 0.91 - Expired
01-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.33 -
24-Feb-09 - Interim Trade - STO 1 Apr09 37.50 Call @ 0.75 - Expired
01-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.33 -
21-Apr-09 - Interim Trade - STO 1 May09 39.00 Call @ 0.34 - Expired
18-May-09 - Interim Trade - STO 1 Jun09 37.00 Call @ 0.59 - Closed
08-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 37.00 Call @ -1.30 -
08-Jun-09 - Interim Trade - STO 1 Jul09 37.00 Call @ 1.74 - Expired
01-Jul-09 - Dividend Received - DIV 100 Dividend @ 0.33 -
23-Jul-09 - Continued Trade - STO 1 Aug09 37.50 Call @ 0.36 -
23-Jul-09 - Continued Trade - STO 1 Aug09 37.50 Call @ 0.36 - Closed
11-Aug-09 - Buy Back and Roll Out - BTC 1 Aug09 37.50 Call @ -0.76 -
11-Aug-09 - Continued Trade - STO 1 Sep09 37.00 Call @ 1.43 - Exercised
08-Sep-09 - Option Exercised - EX 1 Sep09 37.00 Call @ 37.00 -
10-Sep-09 - CSP Margin Used - CSP 100 ADP @ 37.00 -
10-Sep-09 - Continued Trade - STO 1 Oct09 37.00 Put @ 0.62 -

Wednesday, September 2, 2009

UTX - Adjustment

The following adjustment was made today on United Technologies (UTX):

02-Sep-09 - CSP Margin Used - CSP 100 UTX @ 55.00 -
02-Sep-09 - Combined Cost Basis - $8,024.00 100 @ 80.24 -
02-Sep-09 - Continued Trade - STO 1 Oct09 55.00 Put @ 1.06 -

The Sep09 50 call was exercised early on 8/18 to capture the dividend. I re-entered the position today by selling the Oct09 55 put.

Current Position Summary:

Stock Investment: $8,024.00
Income Generated: $753.40
Percent Income Generated: 9.39%
Annualized Income Generated: 6.44%
Net Profit If Expired: -$1,770.60
Percent Return If Expired: -22.07%
Annualized Return If Expired: -15.14%
Days Held to Expiration: 532 days

Trade History:

02-May-08 - Initial Stock Position - BTO 100 UTX @ 75.24 -
02-May-08 - Initial Call Option - STO 1 Jun08 75.00 Call @ 2.37 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.32 -
07-Jul-08 - Interim Trade - STO 1 Aug08 70.00 Call @ 0.26 - Expired
22-Aug-08 - Interim Trade - STO 1 Sep08 70.00 Call @ 0.35 - Closed
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.32 -
12-Sep-08 - Buy Back & Roll Out - BTC 1 Sep08 70.00 Call @ -0.06 -
12-Sep-08 - Interim Trade - STO 1 Oct08 70.00 Call @ 0.69 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 60.00 Call @ 0.39 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 55.00 Call @ 0.79 - Expired
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.39 -
22-Dec-08 - Interim Trade - STO 1 Feb09 60.00 Call @ 0.60 - Closed
23-Jan-09 - Buy Back and Roll Down - BTC 1 Feb09 60.00 Call @ -0.06 -
23-Jan-09 - Interim Trade - STO 1 Feb09 50.00 Call @ 0.90 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 45.00 Call @ 0.88 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.39 -
24-Mar-09 - Interim Trade - STO 1 Apr09 45.00 Call @ 1.20 - Closed
16-Apr-09 - Buy Back and Roll Out - BTC 1 Apr09 45.00 Call @ -2.90 -
16-Apr-09 - Interim Trade - STO 1 May09 45.00 Call @ 3.89 - Closed
04-May-09 - Buy Back and Roll Out - BTC 1 May09 45.00 Call @ -6.20 -
04-May-09 - Interim Trade - STO 1 Jun09 45.00 Call @ 6.40 - Closed
10-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.39 -
18-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 45.00 Call @ -10.21 -
18-Jun-09 - Interim Trade - STO 1 Aug09 45.00 Call @ 10.39 - Closed
11-Aug-09 - Buy Back and Roll Out/Up - BTC 1 Aug09 45.00 Call @ -10.91 -
11-Aug-09 - Second Stock Position - BTO 100 UTX @ 55.77 -
11-Aug-09 - Combined Cost Basis - $13,101.00 200 @ 65.51 -
11-Aug-09 - Interim Trade - STO 1 Sep09 50.00 Call @ 5.90 - Exercised
18-Aug-09 - Option Exercised - EX 1 Sep09 50.00 Call @ 50.00 -
02-Sep-09 - CSP Margin Used - CSP 100 UTX @ 55.00 -
02-Sep-09 - Combined Cost Basis - $8,024.00 100 @ 80.24 -
02-Sep-09 - Continued Trade - STO 1 Oct09 55.00 Put @ 1.06 -

DOV - Adjustment

The following adjustment was made today on Dover Corp (DOV):

02-Sep-09 - CSP Margin Used - CSP 100 DOV @ 30.00 -
02-Sep-09 - Combined Cost Basis - $5,421.00 100 @ 54.21 -
02-Sep-09 - Continued Trade - STO 1 Oct09 30.00 Put @ 0.39 -

The Sep09 30 call was exercised early on 8/27 to capture the dividend. I re-entered the position today by selling the Oct09 30 put.

Current Position Summary:

Stock Investment: $5,421.00
Income Generated: $755.00
Percent Income Generated: 13.93%
Annualized Income Generated: 9.87%
Net Profit If Expired: -$1,666.00
Percent Return If Expired: -30.73%
Annualized Return If Expired: -21.78%
Days Held to Expiration: 515 days

Trade History:

19-May-08 - Initial Stock Position - BTO 100 DOV @ 54.21 -
19-May-08 - Initial Call Option - STO 1 Jun08 55.00 Call @ 1.15 - Expired
15-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.20 -
07-Jul-08 - Continued Trade - STO 1 Sep08 55.00 Call @ 0.47 - Expired
15-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.25 -
23-Sep-08 - Interim Trade - STO 1 Dec08 50.00 Call @ 0.78 - Expired
15-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.25 -
22-Dec-08 - Interim Trade - STO 1 Jan09 35.00 Call @ 0.29 - Expired
28-Jan-09 - Interim Trade - STO 1 Mar09 35.00 Call @ 0.79 - Expired
15-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.25 -
24-Mar-09 - Interim Trade - STO 1 May09 30.00 Call @ 0.79 - Closed
04-May-09 - Buy Back and Roll Out - BTC 1 May09 30.00 Call @ -2.48 -
04-May-09 - Interim Trade - STO 1 Jun09 30.00 Call @ 3.09 - Closed
15-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.25 -
18-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 30.00 Call @ -3.81 -
18-Jun-09 - Interim Trade - STO 1 Sep09 30.00 Call @ 4.89 - Exercised
27-Aug-09 - Option Exercised - EX 1 Sep09 30.00 Call @ 30.00 -
02-Sep-09 - CSP Margin Used - CSP 100 DOV @ 30.00 -
02-Sep-09 - Combined Cost Basis - $5,421.00 100 @ 54.21 -
02-Sep-09 - Continued Trade - STO 1 Oct09 30.00 Put @ 0.39 -

BHP - Adjustment

The following adjustment was made today on BHP Billiton (BHP):

02-Sep-09 - CSP Margin Used - CSP 200 BHP @ 55.00 -
02-Sep-09 - Combined Cost Basis - $14,754.00 200 @ 73.77 -
02-Sep-09 - Continued Trade - STO 2 Oct09 55.00 Put @ 1.59 -

Current Position Summary:

Stock Investment: $14,754.00
Income Generated: $3,086.40
Percent Income Generated: 20.92%
Annualized Income Generated: 18.01%
Net Profit If Expired: -$667.60
Percent Return If Expired: -4.52%
Annualized Return If Expired: -3.90%
Days Held to Expiration: 424 days

Trade History:

18-Aug-08 - Initial Stock Position - BTO 100 BHP @ 65.11 -
18-Aug-08 - Initial Call Option - STO 1 Sep08 65.00 Call @ 3.00 - Expired
22-Sep-08 - Continued Trade - STO 1 Oct08 65.00 Call @ 3.30 - Expired
23-Sep-08 - Second Stock Position - BTO 100 BHP @ 62.43 -
23-Sep-08 - Combined Cost Basis - $12,754.00 200 @ 63.77 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 60.00 Call @ 5.10 - Expired
25-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.82 -
20-Oct-08 - Interim Trade - STO 2 Nov08 45.00 Call @ 1.19 - Expired
24-Nov-08 - Interim Trade - STO 2 Dec08 37.50 Call @ 1.57 - Closed
15-Dec-08 - Buy Back and Roll Out/Up - BTC 2 Dec08 37.50 Call @ -4.41 -
15-Dec-08 - Interim Trade - STO 2 May09 45.00 Call @ 6.39 - Closed
17-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.82 -
04-May-09 - Buy Back and Roll Out - BTC 2 May09 45.00 Call @ -7.01 -
04-May-09 - Interim Trade - STO 2 Jun09 45.00 Call @ 7.99 - Exercised
19-Jun-09 - Option Exercised - EX 2 Jun09 45.00 Call @ 45.00 -
19-Jun-09 - Cash to Secure Put - CSP 200 BHP @ 47.50 -
19-Jun-09 - Combined Cost Basis - $13,254.00 200 @ 66.27 -
19-Jun-09 - Initial Put Position - STO 2 Jul09 47.50 Put @ 0.48 - Closed
17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 47.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 200 BHP @ -47.50 -
17-Jul-09 - CSP Margin Used - CSP 200 BHP @ 50.00 -
17-Jul-09 - Combined Cost Basis - $13,754.00 200 @ 68.77 -
17-Jul-09 - Continued Trade - STO 2 Aug09 50.00 Put @ 0.74 - Expired
21-Aug-09 - CSP Margin Returned - CSP 200 BHP @ -50.00 -
02-Sep-09 - CSP Margin Used - CSP 200 BHP @ 55.00 -
02-Sep-09 - Combined Cost Basis - $14,754.00 200 @ 73.77 -
02-Sep-09 - Continued Trade - STO 2 Oct09 55.00 Put @ 1.59 -

BJS - Closed

The BJ Services (BJS) position has been closed. The following is the trade history and returns, including IB commissions.

The Aug09 12.50 Puts expired on 8/21 and I was going to sell another put after returning from vacation. However, Baker Hughes announced Monday that it had agreed to acquire BJ Services, so I decided to take my lumps and close this position.

Trade Results

Stock Investment: $11,238.00
Income Generated: $3,583.95
Net Profit: -$3,904.05
Percent Return: -34.74%
Annualized Return: -9.32%
Duration of Trade: 1360 days

Trade History:

25-Jan-06 - Initial Stock Position - BTO 200 BJS @ 40.05 - Called
25-Jan-06 - Initial Call Option - STO 2 Feb06 40.00 Call @ 1.54 - Expired
21-Feb-06 - Continued Trade - STO 2 Apr06 40.00 Call @ 0.49 - Closed
20-Mar-06 - Buy Back - BTC 2 Apr06 40.00 Call @ -0.11 -
20-Mar-06 - Second Stock Position - BTO 100 BJS @ 32.29 - Called
20-Mar-06 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
20-Mar-06 - Continued Trade - STO 3 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 300 Dividend @ 0.05 -
24-Jul-06 - Interim Trade - STO 3 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 300 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 3 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 3 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 3 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 3 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 3 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 3 Dec07 27.50 Call @ 0.55 - Expired
11-Jan-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
14-Jan-08 - Interim Trade - STO 3 Apr08 27.50 Call @ 0.64 - Closed
14-Apr-08 - Buy Back & Roll Out/Up - BTC 3 Apr08 27.50 Call @ -1.71 -
14-Apr-08 - Interim Trade - STO 3 Jul08 30.00 Call @ 1.84 - Expired
15-Apr-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
15-Jul-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
23-Jul-08 - Continued Trade - STO 2 Aug08 35.00 Call @ 0.42 - Expired
23-Jul-08 - Continued Trade - STO 1 Aug08 32.50 Call @ 1.14 - Expired
22-Aug-08 - Continued Trade - STO 2 Oct08 32.50 Call @ 0.31 - Expired
22-Aug-08 - Continued Trade - STO 1 Oct08 30.00 Call @ 0.78 - Expired
14-Oct-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
20-Oct-08 - Interim Trade - STO 3 Nov08 17.50 Call @ 0.29 - Expired
24-Nov-08 - Interim Trade - STO 3 Jan09 15.00 Call @ 0.24 - Expired
13-Jan-09 - Dividend Received - DIV 300 Dividend @ 0.05 -
22-Jan-09 - Interim Trade - STO 3 Mar09 12.50 Call @ 0.59 - Expired
24-Mar-09 - Interim Trade - STO 3 May09 12.50 Call @ 0.46 - Closed
15-Apr-09 - Dividend Received - DIV 300 Dividend @ 0.05 -
04-May-09 - Buy Back and Roll Out - BTC 3 May09 12.50 Call @ -2.71 -
04-May-09 - Interim Trade - STO 3 Jun09 12.50 Call @ 2.94 - Closed
11-Jun-09 - Option Exercised - EX 1 Jun09 12.50 Call @ 12.50 -
12-Jun-09 - CSP Margin Used - CSP 100 BJS @ 12.50 - Closed
12-Jun-09 - Initial Put Position - STO 1 Jul09 12.50 Put @ 0.20 - Closed
18-Jun-09 - Buy Back and Roll Out - BTC 2 Jun09 12.50 Call @ -1.66 -
18-Jun-09 - Interim Trade - STO 2 Jul09 12.50 Call @ 1.95 - Exercised
15-Jul-09 - Dividend Received - DIV 200 Dividend @ 0.05 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 12.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 100 BJS @ -12.50 -
17-Jul-09 - CSP Margin Used - CSP 300 BJS @ 12.50 -
17-Jul-09 - Option Exercised - EX 2 Jul09 12.50 Call @ 12.50 -
17-Jul-09 - Continued Trade - STO 3 Aug09 12.50 Put @ 0.33 - Expired
31-Aug-09 - CSP Margin Returned - CSP 300 BJS @ -12.50 -

AXP - Adjustment

The following adjustment was made today on American Express (AXP):

02-Sep-09 - CSP Margin Used - CSP 200 AXP @ 29.00 -
02-Sep-09 - Combined Cost Basis - $11,800.00 200 @ 59.00 -
02-Sep-09 - Continued Trade - STO 2 Oct09 29.00 Put @ 1.08 -

Current Position Summary:

Stock Investment: $11,800.00
Income Generated: $2,760.20
Percent Income Generated: 23.39%
Annualized Income Generated: 12.41%
Net Profit If Expired: -$3,239.80
Percent Return If Expired: -27.46%
Annualized Return If Expired: -14.57%
Days Held to Expiration: 688 days

Trade History:

28-Nov-07 - Initial Stock Position - BTO 100 AXP @ 56.74 - Called
28-Nov-07 - Initial Call Option - STO 1 Dec07 55.00 Call @ 3.21 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb08 55.00 Call @ 0.69 - Expired
08-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
21-Feb-08 - Interim Trade - STO 1 Apr08 50.00 Call @ 0.89 - Expired
25-Apr-08 - Interim Trade - STO 1 May08 50.00 Call @ 0.30 - Expired
09-May-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
19-May-08 - Interim Trade - STO 1 Jul08 50.00 Call @ 2.65 - Expired
23-Jul-08 - Interim Trade - STO 1 Aug08 42.50 Call @ 0.60 - Expired
08-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
22-Aug-08 - Interim Trade - STO 1 Sep08 42.50 Call @ 0.28 - Closed
12-Sep-08 - Buy Back & Roll Out - BTC 1 Sep08 42.50 Call @ -0.16 -
12-Sep-08 - Interim Trade - STO 1 Oct08 42.50 Call @ 0.79 - Expired
23-Sep-08 - Second Stock Position - BTO 100 AXP @ 37.26 - Called
23-Sep-08 - Combined Cost Basis - $9,400.00 200 @ 47.00 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 35.00 Call @ 3.67 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 27.50 Call @ 1.22 - Expired
10-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.18 -
24-Nov-08 - Interim Trade - STO 2 Dec08 25.00 Call @ 0.54 - Expired
22-Dec-08 - Interim Trade - STO 2 Jan09 22.50 Call @ 0.31 - Expired
27-Jan-09 - Interim Trade - STO 2 Feb09 17.50 Call @ 0.66 - Expired
10-Feb-09 - Dividend Received - DIV 200 Dividend @ 0.18 -
24-Feb-09 - Interim Trade - STO 2 Mar09 15.00 Call @ 0.34 - Expired
24-Mar-09 - Interim Trade - STO 2 May09 17.50 Call @ 0.84 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May09 17.50 Call @ -8.90 -
04-May-09 - Interim Trade - STO 2 Jun09 17.00 Call @ 9.49 - Exercised
08-May-09 - Dividend Received - DIV 200 Dividend @ 0.18 -
19-Jun-09 - Option Exercised - EX 2 Jun09 17.00 Call @ 17.00 -
19-Jun-09 - CSP Margin Used - CSP 200 AXP @ 21.00 - Closed
19-Jun-09 - Initial Put Position - STO 2 Jul09 21.00 Put @ 0.29 - Closed
17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 21.00 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 200 AXP @ -21.00 -
17-Jul-09 - CSP Margin Used - CSP 200 AXP @ 25.00 -
17-Jul-09 - Combined Cost Basis - $11,000.00 200 @ 55.00 -
17-Jul-09 - Continued Trade - STO 2 Aug09 25.00 Put @ 0.70 - Expired
21-Aug-09 - CSP Margin Returned - CSP 200 AXP @ -25.00 -
02-Sep-09 - CSP Margin Used - CSP 200 AXP @ 29.00 -
02-Sep-09 - Combined Cost Basis - $11,800.00 200 @ 59.00 -
02-Sep-09 - Continued Trade - STO 2 Oct09 29.00 Put @ 1.08 -