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 -
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This blog will serve as a trading journal to track my options portfolio. Trade information will be posted weekly, including new positions, adjusted positions, and closed positions. The information presented here is for educational purposes only. Under no circumstances does this information represent a recommendation to buy or sell any stocks or options. If you choose to use this information, you do so at your own risk.
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Sep 2009
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About Me
- CCWriter
- I've been investing in the stock market for 30+ years. I started out like most investors with mutual funds, then progressed to individual stocks, and finally options trading, using Covered Calls and Cash Secured Puts as my primary strategies. I started this blog in 2006 to track my options trades and also started a discussion group, first hosted at Yahoo, and now at Groups.io, to help others who were interested in trading Covered Calls and Cash Secured Puts. I hope the information provided in this blog, and the accompanying discussion group, is helpful. If you're interested in learning more, please join the discussion group at the top of this page. We have many members who are always willing to help.
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Disclaimer:
The information presented here is for educational purposes only. Under no circumstances does this information represent a recommendation to buy or sell any stocks or options. If you choose to use this information, you do so at your own risk.