Thursday, October 29, 2009

MCO - Adjustment




The following adjustment was made today on Moody's Corp (MCO). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/29/2009MCOContinued TradeSTO 2 Nov09 24.00 Put @ 1.14  $228.60


Current Position Summary












CSP Margin Used$10,649.00
Income Generated$3,159.80
Percent Income Generated29.67%
Annualized Income Generated12.36%
Net Profit If Expired-$2,689.20
Percent Return If Expired-25.25%
Annualized Return If Expired-10.52%
Days Held to Expiration876 days


Trade History
















































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/28/2007MCOInitial Stock PositionBTO 100 MCO @ 62.41Called($6,241.00) 
6/28/2007MCOInitial Call OptionSTO 1 Jul07 60.00 Call @ 3.49Expired $349.00
7/25/2007MCOContinued TradeSTO 1 Aug07 60.00 Call @ 1.54Expired $154.00
8/20/2007MCOInterim TradeSTO 1 Sep07 55.00 Call @ 0.89Expired $89.00
9/10/2007MCODividend ReceivedDIV 100 Dividend @ 0.08  $8.00
9/24/2007MCOInterim TradeSTO 1 Oct07 55.00 Call @ 0.24Expired $24.00
10/25/2007MCOSecond Stock PositionBTO 100 MCO @ 44.08Called($4,408.00) 
10/25/2007MCOCombined Cost Basis$10,649.00 200 @ 53.25   
10/25/2007MCOContinued TradeSTO 2 Dec07 55.00 Call @ 0.29Expired $58.60
12/10/2007MCODividend ReceivedDIV 200 Dividend @ 0.08  $16.00
1/24/2008MCOInterim TradeSTO 2 Feb08 40.00 Call @ 0.89Expired $178.60
2/21/2008MCOInterim TradeSTO 2 Mar08 45.00 Call @ 0.24Expired $48.60
3/10/2008MCODividend ReceivedDIV 200 Dividend @ 0.10  $20.00
3/25/2008MCOInterim TradeSTO 2 May08 45.00 Call @ 0.54Expired $108.60
5/16/2008MCOBuy Back & Roll Out/UpBTC 2 May08 45.00 Call @ -0.11  ($21.40)
5/22/2008MCOInterim TradeSTO 2 Jul08 40.00 Call @ 0.94Expired $188.60
6/10/2008MCODividend ReceivedDIV 200 Dividend @ 0.10  $20.00
7/30/2008MCOInterim TradeSTO 1 Aug08 40.00 Call @ 0.54Closed $54.00
7/30/2008MCOInterim TradeSTO 1 Sep08 40.00 Call @ 1.04Closed $104.00
8/15/2008MCOBuy Back and Roll Out BTC 1 Aug08 40.00 Call @ -0.26  ($26.00)
8/15/2008MCOInterim TradeSTO 1 Sep08 40.00 Call @ 2.00Closed $200.00
9/10/2008MCODividend ReceivedDIV 200 Dividend @ 0.10  $20.00
9/12/2008MCOBuy Back & Roll OutBTC 2 Sep08 40.00 Call @ -0.71  ($141.40)
9/12/2008MCOInterim TradeSTO 2 Oct08 40.00 Call @ 1.69Expired $338.60
10/20/2008MCOInterim TradeSTO 2 Nov08 30.00 Call @ 0.56Expired $111.00
11/24/2008MCOInterim TradeSTO 2 Jan09 25.00 Call @ 1.19Expired $238.60
12/10/2008MCODividend ReceivedDIV 200 Dividend @ 0.10  $20.00
1/22/2009MCOInterim TradeSTO 2 Feb09 25.00 Call @ 0.64Expired $128.60
2/24/2009MCOInterim TradeSTO 2 Apr09 22.50 Call @ 0.81Closed $161.20
3/10/2009MCODividend ReceivedDIV 200 Dividend @ 0.10  $20.00
4/13/2009MCOBuy Back & Roll Out/UpBTC 2 Apr09 22.50 Call @ -3.19  ($638.80)
4/13/2009MCOInterim TradeSTO 2 Aug09 25.00 Call @ 3.89Closed $778.60
6/10/2009MCODividend ReceivedDIV 200 Dividend @ 0.10  $20.00
8/11/2009MCOBuy Back & Roll OutBTC 2 Aug09 25.00 Call @ -0.71  ($141.40)
8/11/2009MCOInterim TradeSTO 2 Sep09 25.00 Call @ 1.39Expired $278.60
9/10/2009MCODividend ReceivedDIV 200 Dividend @ 0.10  $20.00
9/22/2009MCOInterim TradeSTO 2 Oct09 24.00 Call @ 0.72Exercised $144.00
10/16/2009MCOOption ExercisedEX 2 Oct09 24.00 Call @ 24.00 $4,800.00 
10/29/2009MCOCSP Margin UsedCSP 200 MCO @ 24.00 ($4,800.00) 
10/29/2009MCOCombined Cost Basis$10,649.00 200 @ 53.25   
10/29/2009MCOContinued TradeSTO 2 Nov09 24.00 Put @ 1.14  $228.60
11/20/2009MCO Totals ($10,649.00)$3,159.80
DTE876 Percent Income/Annualized 29.67%12.36%

Monday, October 26, 2009

MHP - Adjustment




The following adjustment was made today on McGraw-Hill (MHP). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/26/2009MHPContinued TradeSTO 1 Dec09 25.00 Put @ 0.49  $49.00


Current Position Summary












CSP Margin Used$4,527.00
Income Generated$740.40
Percent Income Generated16.36%
Annualized Income Generated10.33%
Net Profit If Expired-$1,286.60
Percent Return If Expired-28.42%
Annualized Return If Expired-17.95%
Days Held to Expiration578 days


Trade History





































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/19/2008MHPInitial Stock PositionBTO 100 MHP @ 45.27Called($4,527.00) 
5/19/2008MHPInitial Call OptionSTO 1 Jun08 45.00 Call @ 1.64Expired $164.00
6/11/2008MHPDividend ReceivedDIV 100 Dividend @ 0.22  $22.00
7/7/2008MHPContinued TradeSTO 1 Aug08 45.00 Call @ 0.34Expired $34.00
8/22/2008MHPContinued TradeSTO 1 Sep08 45.00 Call @ 0.51Closed $51.00
9/10/2008MHPDividend ReceivedDIV 100 Dividend @ 0.22  $22.00
9/23/2008MHPContinued TradeSTO 1 Nov08 45.00 Call @ 0.79Closed $79.00
10/20/2008MHPBuy Back and Roll DownBTC 1 Nov08 45.00 Call @ -0.21Closed ($21.00)
10/20/2008MHPInterim TradeSTO 1 Nov08 35.00 Call @ 0.29Expired $29.00
11/24/2008MHPInterim TradeSTO 1 Jan09 30.00 Call @ 0.87Expired $87.00
12/10/2008MHPDividend ReceivedDIV 100 Dividend @ 0.22  $22.00
1/27/2009MHPInterim TradeSTO 1 Feb09 22.50 Call @ 0.35Closed $35.30
2/9/2009MHPBuy Back and Roll Out/UpBTC 1 Feb09 22.50 Call @ -3.30  ($329.70)
2/9/2009MHPInterim TradeSTO 1 Mar09 25.00 Call @ 1.89Expired $189.30
3/11/2009MHPDividend ReceivedDIV 100 Dividend @ 0.23  $22.50
3/24/2009MHPInterim TradeSTO 1 May09 25.00 Call @ 1.16Closed $116.30
4/29/2009MHPBuy Back and Roll OutBTC 1 May09 25.00 Call @ -5.11  ($511.00)
4/29/2009MHPInterim TradeSTO 1 Jun09 25.00 Call @ 5.39Closed $539.00
5/21/2009MHPBuy Back and Roll OutBTC 1 Jun09 25.00 Call @ -5.79  ($579.00)
5/21/2009MHPInterim TradeSTO 1 Aug09 25.00 Call @ 6.31Closed $631.00
6/10/2009MHPDividend ReceivedDIV 100 Dividend @ 0.23  $22.50
8/11/2009MHPBuy Back and Roll OutBTC 1 Aug09 25.00 Call @ -4.70  ($470.00)
8/11/2009MHPInterim TradeSTO 1 Sep09 25.00 Call @ 4.40Closed $440.00
9/10/2009MHPDividend ReceivedDIV 100 Dividend @ 0.23  $22.50
9/18/2009MHPBuy Back and Roll OutBTC 1 Sep09 25.00 Call @ -1.80  ($180.00)
9/18/2009MHPInterim TradeSTO 1 Oct09 25.00 Call @ 2.54Exercised $253.70
10/16/2009MHPOption ExercisedEX 1 Oct09 25.00 Call @ 25.00 $2,500.00 
10/26/2009MHPCSP Margin UsedCSP 100 MHP @ 25.00 ($2,500.00) 
10/26/2009MHPCombined Cost Basis$4,527.00 100 @ 45.27   
10/26/2009MHPContinued TradeSTO 1 Dec09 25.00 Put @ 0.49  $49.00
12/18/2009MHP Totals ($4,527.00)$740.40
DTE578 Percent Income/Annualized 16.36%10.33%

Saturday, October 24, 2009

Continuous Positions

I updated my trading plan today with a new strategy for long term positions. For each underlying company, I will maintain a single continuous position, alternating between Covered Calls (CC) and Cash Secured Puts (CSP). Positions will only be closed when the company no longer meets my requirements.

There were several reasons for this change.

1) It provides an easier method for tracking how well a particular underlying company is performing. I used to track closed positions, but then I lost sight of how each company was performing. Going back to look at each individual closed position for a company was time consuming, since the data needed to be merged. By keeping the position open until I no longer want to hold the company, I can easily see at a glance how the company is performing in my portfolio, or how former companies have performed.

2) It provides more flexibility when making adjustments. When a CC is ITM, rather than buy it back to avoid assignment, I can just let it get assigned, and then sell a CSP at the same strike. I book a credit for the proceeds of the sale, and use that money to secure the put (debit). At times, this is a better alternative than rolling out a CC at the same strike or higher strike for very little, if any, time value. It also requires less capital than averaging down or up. Letting the stock get called and selling the same strike CSP doesn't change the cost basis. Selling a higher strike CSP requires some additional capital but not as much as buying additional shares of stock.

3) Having a small, manageable portfolio of a few good companies, and/or ETF's, and continually writing CC's and CSP's on them greatly simplifies my approach and reduces the amount of time needed to manage the portfolio, since I don't need to constantly search for companies every month.

Over the past couple of months, I've allowed most of my CC positions to be called away and have sold CSP's. When those CSP's are assigned, I'll revert back to selling CC's.

In addition, I've modified the reporting for each position to be in table format, which uses a double-sided accounting method for tracking the stock investment and income generated. Hopefully this format makes it easier for my readers see how each position has performed.

Friday, October 23, 2009

LLY - Adjustment




The following adjustment was made today on Eli Lilly (LLY). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/23/2009LLYContinued TradeSTO 1 Nov09 34.00 Put @ 0.99  $99.00


Current Position Summary












CSP Margin Used$5,003.00
Income Generated$1,119.30
Percent Income Generated22.37%
Annualized Income Generated14.40%
Net Profit If Expired-$483.70
Percent Return If Expired-9.67%
Annualized Return If Expired-6.22%
Days Held to Expiration567 days


Trade History



































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/2/2008LLYInitial Stock PositionBTO 100 LLY @ 49.71Called($4,971.00) 
5/2/2008LLYInitial Call OptionSTO 1 Jun08 50.00 Call @ 1.29Expired $129.00
6/10/2008LLYDividend ReceivedDIV 100 Dividend @ 0.47  $47.00
7/7/2008LLYContinued TradeSTO 1 Aug08 50.00 Call @ 0.29Expired $29.00
8/22/2008LLYContinued TradeSTO 1 Sep08 50.00 Call @ 0.32Expired $32.00
9/10/2008LLYDividend ReceivedDIV 100 Dividend @ 0.47  $47.00
9/23/2008LLYContinued TradeSTO 1 Oct08 50.00 Call @ 0.40Expired $40.00
10/20/2008LLYInterim TradeSTO 1 Nov08 40.00 Call @ 0.19Expired $19.00
11/24/2008LLYInterim TradeSTO 1 Jan09 40.00 Call @ 0.39Expired $39.00
12/10/2008LLYDividend ReceivedDIV 100 Dividend @ 0.47  $47.00
1/29/2009LLYInterim TradeSTO 1 Mar09 40.00 Call @ 0.90Expired $90.30
3/10/2009LLYDividend ReceivedDIV 100 Dividend @ 0.49  $49.00
3/24/2009LLYInterim TradeSTO 1 Apr09 35.00 Call @ 0.74Expired $74.00
4/21/2009LLYInterim TradeSTO 1 May09 35.00 Call @ 0.49Exercised $49.00
5/12/2009LLYOption ExercisedEX 1 May09 35.00 Call @ 35.00 $3,500.00 
5/13/2009LLYRepurchase Stock PositionBTO 100 LLY @ 35.32Called($3,532.00) 
5/13/2009LLYCombined Cost Basis$5,003.00 100 @ 50.03   
5/13/2009LLYInterim TradeSTO 1 Jun09 35.00 Call @ 1.59Expired $159.00
6/24/2009LLYInterim TradeSTO 1 Jul09 35.00 Call @ 0.29Expired $29.00
7/23/2009LLYInterim TradeSTO 1 Aug09 35.00 Call @ 0.49Closed $49.00
8/12/2009LLYBuy Back and Roll OutBTC 1 Aug09 35.00 Call @ -0.11  ($11.00)
8/12/2009LLYInterim TradeSTO 1 Sep09 35.00 Call @ 0.35Expired $35.00
9/10/2009LLYDividend ReceivedDIV 100 Dividend @ 0.49  $49.00
9/22/2009LLYInterim TradeSTO 1 Oct09 34.00 Call @ 0.19Exercised $19.00
10/16/2009LLYOption ExercisedEX 1 Oct09 34.00 Call @ 34.00 $3,400.00 
10/23/2009LLYCSP Margin UsedCSP 100 LLY @ 34.00 ($3,400.00) 
10/23/2009LLYCombined Cost Basis$5,003.00 100 @ 50.03   
10/23/2009LLYContinued TradeSTO 1 Nov09 34.00 Put @ 0.99  $99.00
11/20/2009LLY Totals ($5,003.00)$1,119.30
DTE567 Percent Income/Annualized 22.37%14.40%

DOV - Adjustment




The following adjustment was made today on Dover Corp (DOV). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/23/2009DOVContinued TradeSTO 1 Dec09 35.00 Put @ 0.51  $50.70


Current Position Summary












CSP Margin Used$5,921.00
Income Generated$805.70
Percent Income Generated13.61%
Annualized Income Generated8.59%
Net Profit If Expired-$1,615.30
Percent Return If Expired-27.28%
Annualized Return If Expired-17.23%
Days Held to Expiration578 days


Trade History































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/19/2008DOVInitial Stock PositionBTO 100 DOV @ 54.21 ($5,421.00) 
5/19/2008DOVInitial Call OptionSTO 1 Jun08 55.00 Call @ 1.15Expired $115.00
6/15/2008DOVDividend ReceivedDIV 100 Dividend @ 0.20  $20.00
7/7/2008DOVContinued TradeSTO 1 Sep08 55.00 Call @ 0.47Expired $47.00
9/15/2008DOVDividend ReceivedDIV 100 Dividend @ 0.25  $25.00
9/23/2008DOVInterim TradeSTO 1 Dec08 50.00 Call @ 0.78Expired $78.00
12/15/2008DOVDividend ReceivedDIV 100 Dividend @ 0.25  $25.00
12/22/2008DOVInterim TradeSTO 1 Jan09 35.00 Call @ 0.29Expired $29.00
1/28/2009DOVInterim TradeSTO 1 Mar09 35.00 Call @ 0.79Expired $79.00
3/15/2009DOVDividend ReceivedDIV 100 Dividend @ 0.25  $25.00
3/24/2009DOVInterim TradeSTO 1 May09 30.00 Call @ 0.79Closed $79.00
5/4/2009DOVBuy Back and Roll OutBTC 1 May09 30.00 Call @ -2.48  ($248.00)
5/4/2009DOVInterim TradeSTO 1 Jun09 30.00 Call @ 3.09Closed $309.00
6/15/2009DOVDividend ReceivedDIV 100 Dividend @ 0.25  $25.00
6/18/2009DOVBuy Back and Roll OutBTC 1 Jun09 30.00 Call @ -3.81  ($381.00)
6/18/2009DOVInterim TradeSTO 1 Sep09 30.00 Call @ 4.89Exercised $489.00
8/27/2009DOVOption ExercisedEX 1 Sep09 30.00 Call @ 30.00 $3,000.00 
9/2/2009DOVCSP Margin UsedCSP 100 DOV @ 30.00 ($3,000.00) 
9/2/2009DOVCombined Cost Basis$5,421.00 100 @ 54.21   
9/2/2009DOVContinued TradeSTO 1 Oct09 30.00 Put @ 0.39Expired $39.00
10/16/2009DOVCSP Margin ReturnedCSP 100 DOV @ -30.00 $3,000.00 
10/23/2009DOVCSP Margin UsedCSP 100 DOV @ 35.00 ($3,500.00) 
10/23/2009DOVCombined Cost Basis$5,921.00 100 @ 59.21   
10/23/2009DOVContinued TradeSTO 1 Dec09 35.00 Put @ 0.51  $50.70
12/18/2009DOV Totals ($5,921.00)$805.70
DTE578 Percent Income/Annualized 13.61%8.59%

AXP - Adjustment




The following adjustment was made today on American Express (AXP). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/23/2009AXPContinued TradeSTO 2 Nov09 33.00 Put @ 0.50  $100.60


Current Position Summary












CSP Margin Used$12,600.00
Income Generated$2,860.80
Percent Income Generated22.70%
Annualized Income Generated11.46%
Net Profit If Expired-$3,139.20
Percent Return If Expired-24.91%
Annualized Return If Expired-12.58%
Days Held to Expiration723 days


Trade History

















































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/28/2007AXPInitial Stock PositionBTO 100 AXP @ 56.74Called($5,674.00) 
11/28/2007AXPInitial Call OptionSTO 1 Dec07 55.00 Call @ 3.21Expired $321.00
1/7/2008AXPContinued TradeSTO 1 Feb08 55.00 Call @ 0.69Expired $69.00
2/8/2008AXPDividend ReceivedDIV 100 Dividend @ 0.18  $18.00
2/21/2008AXPInterim TradeSTO 1 Apr08 50.00 Call @ 0.89Expired $89.00
4/25/2008AXPInterim TradeSTO 1 May08 50.00 Call @ 0.30Expired $30.00
5/9/2008AXPDividend ReceivedDIV 100 Dividend @ 0.18  $18.00
5/19/2008AXPInterim TradeSTO 1 Jul08 50.00 Call @ 2.65Expired $265.00
7/23/2008AXPInterim TradeSTO 1 Aug08 42.50 Call @ 0.60Expired $60.00
8/8/2008AXPDividend ReceivedDIV 100 Dividend @ 0.18  $18.00
8/22/2008AXPInterim TradeSTO 1 Sep08 42.50 Call @ 0.28Closed $28.00
9/12/2008AXPBuy Back & Roll OutBTC 1 Sep08 42.50 Call @ -0.16  ($16.00)
9/12/2008AXPInterim TradeSTO 1 Oct08 42.50 Call @ 0.79Expired $79.00
9/23/2008AXPSecond Stock PositionBTO 100 AXP @ 37.26Called($3,726.00) 
9/23/2008AXPCombined Cost Basis$9,400.00 200 @ 47.00   
9/23/2008AXPInitial Call OptionSTO 1 Oct08 35.00 Call @ 3.67Expired $367.00
10/20/2008AXPInterim TradeSTO 2 Nov08 27.50 Call @ 1.22Expired $244.60
11/10/2008AXPDividend ReceivedDIV 200 Dividend @ 0.18  $36.00
11/24/2008AXPInterim TradeSTO 2 Dec08 25.00 Call @ 0.54Expired $108.60
12/22/2008AXPInterim TradeSTO 2 Jan09 22.50 Call @ 0.31Expired $61.20
1/27/2009AXPInterim TradeSTO 2 Feb09 17.50 Call @ 0.66Expired $131.20
2/10/2009AXPDividend ReceivedDIV 200 Dividend @ 0.18  $36.00
2/24/2009AXPInterim TradeSTO 2 Mar09 15.00 Call @ 0.34Expired $68.60
3/24/2009AXPInterim TradeSTO 2 May09 17.50 Call @ 0.84Closed $168.60
5/4/2009AXPBuy Back and Roll OutBTC 2 May09 17.50 Call @ -8.90  ($1,779.40)
5/4/2009AXPInterim TradeSTO 2 Jun09 17.00 Call @ 9.49Exercised $1,898.60
5/8/2009AXPDividend ReceivedDIV 200 Dividend @ 0.18  $36.00
6/19/2009AXPOption ExercisedEX 2 Jun09 17.00 Call @ 17.00 $3,400.00 
6/19/2009AXPCSP Margin UsedCSP 200 AXP @ 21.00Closed($4,200.00) 
6/19/2009AXPInitial Put PositionSTO 2 Jul09 21.00 Put @ 0.29Closed $58.60
7/17/2009AXPBuy Back and Roll Out/UpBTC 2 Jul09 21.00 Put @ -0.06  ($11.00)
7/17/2009AXPCSP Margin ReturnedCSP 200 AXP @ -21.00 $4,200.00 
7/17/2009AXPCSP Margin UsedCSP 200 AXP @ 25.00 ($5,000.00) 
7/17/2009AXPContinued TradeSTO 2 Aug09 25.00 Put @ 0.70Expired $140.60
8/21/2009AXPCSP Margin ReturnedCSP 200 AXP @ -25.00 $5,000.00 
9/2/2009AXPCSP Margin UsedCSP 200 AXP @ 29.00 ($5,800.00) 
9/2/2009AXPCombined Cost Basis$11,800.00 200 @ 59.00   
9/2/2009AXPContinued TradeSTO 2 Oct09 29.00 Put @ 1.08Expired $216.00
10/16/2009AXPCSP Margin ReturnedCSP 200 AXP @ -29.00 $5,800.00 
10/23/2009AXPCSP Margin UsedCSP 200 AXP @ 33.00 ($6,600.00) 
10/23/2009AXPCombined Cost Basis$12,600.00 200 @ 63.00   
10/23/2009AXPContinued TradeSTO 2 Nov09 33.00 Put @ 0.50  $100.60
11/20/2009AXP Totals ($12,600.00)$2,860.80
DTE723 Percent Income/Annualized 22.7%11.46%

Thursday, October 22, 2009

SYK - New Position




A new position was established today on Stryker Corp (SYK). All prices include IB commissions.







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/22/2009SYKCSP Margin UsedCSP 100 SYK @ 49.00 ($4,900.00) 
10/22/2009SYKInitial Put OptionSTO 1 Nov09 49.00 Put @ 1.16  $115.70


Position Summary












CSP Margin Used$4,900.00
Income Generated$115.70
Percent Income Generated2.36%
Annualized Income Generated29.72%
Net Profit If Expired$115.70
Percent Return If Expired2.36%
Annualized Return If Expired29.72%
Days Held to Expiration29 days

MON - New Position




A new position was established today on Monsanto (MON). All prices include IB commissions.







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/22/2009MONCSP Margin UsedCSP 100 MON @ 75.00 ($7,500.00) 
10/22/2009MONInitial Put OptionSTO 1 Nov09 75.00 Put @ 1.95  $195.00


Position Summary












CSP Margin Used$7,500.00
Income Generated$195.00
Percent Income Generated2.60%
Annualized Income Generated32.72%
Net Profit If Expired$195.00
Percent Return If Expired2.60%
Annualized Return If Expired32.72%
Days Held to Expiration29 days

PG - New Position




A new position was established today on Procter and Gamble (PG). All prices include IB commissions.







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/22/2009PGCSP Margin UsedCSP 100 PG @ 57.50 ($5,750.00) 
10/22/2009PGInitial Put OptionSTO 1 Nov09 57.50 Put @ 1.14  $114.00


Position Summary












CSP Margin Used$5,750.00
Income Generated$114.00
Percent Income Generated1.98%
Annualized Income Generated24.95%
Net Profit If Expired$114.00
Percent Return If Expired1.98%
Annualized Return If Expired24.95%
Days Held to Expiration29 days

EXP - Adjustment




The following adjustment was made today on Eagle Materials Inc (EXP). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/22/2009EXPContinued TradeSTO 2 Dec09 25.00 Put @ 0.74  $148.60


Current Position Summary












CSP Margin Used$10,856.00
Income Generated$2,806.35
Percent Income Generated25.85%
Annualized Income Generated7.07%
Net Profit If Expired-$3,049.65
Percent Return If Expired-28.09%
Annualized Return If Expired-7.69%
Days Held to Expiration1334 days


Trade History


















































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/24/2006EXPInitial Stock PositionBTO 100 EXP @ 70.60Called($7,060.00) 
4/24/2006EXPInitial Call OptionSTO 1 May06 65.00 Call @ 8.29Expired $829.00
5/22/2006EXPContinued TradeSTO 1 Oct06 60.00 Call @ 2.39  $239.25
7/20/2006EXPDividend ReceivedDIV 100 Dividend @ 0.18  $17.50
7/25/2006EXPInterim TradeSTO 1 Jan07 50.00 Call @ 2.19Closed $219.25
7/25/2006EXPBuy Back & Roll Out/DownBTC 1 Oct06 60.00 Call @ -0.21Closed ($20.75)
10/23/2006EXPInterim TradeSTO 1 Jan07 40.00 Call @ 1.34Closed $134.25
10/23/2006EXPBuy Back & Roll DownBTC 1 Jan07 50.00 Call @ -0.26  ($25.75)
11/2/2006EXPDividend ReceivedDIV 100 Dividend @ 0.18  $17.50
12/19/2006EXPBuy Back & Roll Out/UpBTC 1 Jan07 40.00 Call @ -3.41  ($340.75)
12/19/2006EXPInterim TradeSTO 1 Jul07 45.00 Call @ 4.39Closed $439.25
7/5/2007EXPInterim TradeSTO 1 Jan08 55.00 Call @ 3.29Closed $329.00
7/5/2007EXPBuy Back & Roll Out/UpBTC 1 Jul07 45.00 Call @ -5.41  ($541.00)
7/20/2007EXPDividend ReceivedDIV 100 Dividend @ 0.20  $20.00
10/24/2007EXPBuy Back & Roll DownBTC 1 Jan08 55.00 Call @ -0.16  ($16.00)
10/24/2007EXPSecond Stock PositionBTO 100 EXP @ 37.96Called($3,796.00) 
10/24/2007EXPCombined Cost Basis$10,856.00 200 @ 54.28   
10/24/2007EXPInterim TradeSTO 2 Jan08 45.00 Call @ 0.69Expired $138.60
11/5/2007EXPDividend ReceivedDIV 100 Dividend @ 0.20  $20.00
1/21/2008EXPDividend ReceivedDIV 200 Dividend @ 0.20  $40.00
1/24/2008EXPInterim TradeSTO 2 Feb08 35.00 Call @ 1.29Expired $258.60
2/21/2008EXPInterim TradeSTO 2 Apr08 40.00 Call @ 0.84Expired $168.60
4/18/2008EXPDividend ReceivedDIV 200 Dividend @ 0.20  $40.00
4/23/2008EXPInterim TradeSTO 2 Jul08 40.00 Call @ 0.99Expired $198.60
7/22/2008EXPInterim TradeSTO 1 Oct08 30.00 Call @ 0.54Expired $54.00
7/23/2008EXPInterim TradeSTO 1 Sep08 30.00 Call @ 0.34Closed $34.00
7/24/2008EXPDividend ReceivedDIV 200 Dividend @ 0.20  $40.00
9/12/2008EXPBuy Back & Roll OutBTC 1 Sep08 30.00 Call @ -0.36  ($36.00)
9/12/2008EXPInterim TradeSTO 1 Oct08 30.00 Call @ 1.09Expired $109.00
10/20/2008EXPInterim TradeSTO 2 Nov08 20.00 Call @ 0.64Expired $128.60
11/6/2008EXPDividend ReceivedDIV 200 Dividend @ 0.20  $40.00
11/24/2008EXPInterim TradeSTO 2 Dec08 20.00 Call @ 0.34Expired $68.60
12/22/2008EXPInterim TradeSTO 2 Feb09 22.50 Call @ 0.64Expired $128.60
1/23/2009EXPDividend ReceivedDIV 200 Dividend @ 0.10  $20.00
2/24/2009EXPInterim TradeSTO 2 Apr09 20.00 Call @ 0.54Closed $108.60
3/25/2009EXPBuy Back and Roll UpBTC 2 Apr09 20.00 Call @ -5.21  ($1,041.40)
3/25/2009EXPInterim TradeSTO 2 Oct09 25.00 Call @ 3.99Exercised $798.60
4/30/2009EXPDividend ReceivedDIV 200 Dividend @ 0.10  $20.00
7/23/2009EXPDividend ReceivedDIV 200 Dividend @ 0.10  $20.00
10/16/2009EXPOption ExercisedEX 2 Oct09 25.00 Call @ 25.00 $5,000.00 
10/22/2009EXPCSP Margin UsedCSP 200 EXP @ 25.00 ($5,000.00) 
10/22/2009EXPCombined Cost Basis$10,856.00 200 @ 54.28   
10/22/2009EXPContinued TradeSTO 2 Dec09 25.00 Put @ 0.74  $148.60
12/18/2009EXP Totals ($10,856.00)$2,806.35
DTE1334 Percent Income/Annualized 25.85%7.07%

Wednesday, October 21, 2009

UTX - Adjustment




The following adjustment was made today on United Technologies (UTX). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2009UTXContinued TradeSTO 1 Nov09 65.00 Put @ 1.23  $122.70


Current Position Summary












CSP Margin Used$9,024.00
Income Generated$876.10
Percent Income Generated9.71%
Annualized Income Generated6.24%
Net Profit If Expired-$1,647.90
Percent Return If Expired-18.26%
Annualized Return If Expired-11.73%
Days Held to Expiration568 days


Trade History









































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/2/2008UTXInitial Stock PositionBTO 100 UTX @ 75.24Called($7,524.00) 
5/2/2008UTXInitial Call OptionSTO 1 Jun08 75.00 Call @ 2.37Expired $237.00
6/10/2008UTXDividend ReceivedDIV 100 Dividend @ 0.32  $32.00
7/7/2008UTXInterim TradeSTO 1 Aug08 70.00 Call @ 0.26Expired $26.00
8/22/2008UTXInterim TradeSTO 1 Sep08 70.00 Call @ 0.35Closed $35.00
9/10/2008UTXDividend ReceivedDIV 100 Dividend @ 0.32  $32.00
9/12/2008UTXBuy Back & Roll OutBTC 1 Sep08 70.00 Call @ -0.06  ($6.00)
9/12/2008UTXInterim TradeSTO 1 Oct08 70.00 Call @ 0.69Expired $69.00
10/20/2008UTXInterim TradeSTO 1 Nov08 60.00 Call @ 0.39Expired $39.00
11/24/2008UTXInterim TradeSTO 1 Dec08 55.00 Call @ 0.79Expired $79.00
12/10/2008UTXDividend ReceivedDIV 100 Dividend @ 0.39  $38.50
12/22/2008UTXInterim TradeSTO 1 Feb09 60.00 Call @ 0.60Closed $60.00
1/23/2009UTXBuy Back and Roll DownBTC 1 Feb09 60.00 Call @ -0.06  ($6.00)
1/23/2009UTXInterim TradeSTO 1 Feb09 50.00 Call @ 0.90Expired $90.30
2/24/2009UTXInterim TradeSTO 1 Mar09 45.00 Call @ 0.88Expired $88.00
3/10/2009UTXDividend ReceivedDIV 100 Dividend @ 0.39  $38.50
3/24/2009UTXInterim TradeSTO 1 Apr09 45.00 Call @ 1.20Closed $120.30
4/16/2009UTXBuy Back and Roll OutBTC 1 Apr09 45.00 Call @ -2.90  ($290.00)
4/16/2009UTXInterim TradeSTO 1 May09 45.00 Call @ 3.89Closed $389.00
5/4/2009UTXBuy Back and Roll OutBTC 1 May09 45.00 Call @ -6.20  ($620.00)
5/4/2009UTXInterim TradeSTO 1 Jun09 45.00 Call @ 6.40Closed $640.00
6/10/2009UTXDividend ReceivedDIV 100 Dividend @ 0.39  $38.50
6/18/2009UTXBuy Back and Roll OutBTC 1 Jun09 45.00 Call @ -10.21  ($1,021.00)
6/18/2009UTXInterim TradeSTO 1 Aug09 45.00 Call @ 10.39Closed $1,039.00
8/11/2009UTXBuy Back and Roll Out/UpBTC 1 Aug09 45.00 Call @ -10.91  ($1,090.70)
8/11/2009UTXInterim TradeSTO 1 Sep09 50.00 Call @ 5.90Exercised $590.30
8/18/2009UTXOption ExercisedEX 1 Sep09 50.00 Call @ 50.00 $5,000.00 
9/2/2009UTXCSP Margin UsedCSP 100 UTX @ 55.00 ($5,500.00) 
9/2/2009UTXCombined Cost Basis$-230.00 100 @ -2.30   
9/2/2009UTXContinued TradeSTO 1 Oct09 55.00 Put @ 1.06Expired $105.70
10/16/2009UTXCSP Margin ReturnedCSP 100 UTX @ -55.00 $5,500.00 
10/21/2009UTXCSP Margin UsedCSP 100 UTX @ 65.00 ($6,500.00) 
10/21/2009UTXCombined Cost Basis$-330.00 100 @ -3.30   
10/21/2009UTXContinued TradeSTO 1 Nov09 65.00 Put @ 1.23  $122.70
11/21/2009UTX Totals ($9,024.00)$876.10
DTE568 Percent Income/Annualized 9.71%6.24%

PFCB - Adjustment




The following adjustment was made today on P.F Chang's (PFCB). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2009PFCBContinued TradeSTO 1 Nov09 30.00 Put @ 0.91  $91.00


Current Position Summary












CSP Margin Used$4,078.00
Income Generated$992.30
Percent Income Generated24.33%
Annualized Income Generated10.78%
Net Profit If Expired$85.70
Percent Return If Expired-2.10%
Annualized Return If Expired-0.93%
Days Held to Expiration824 days


Trade History

































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/20/2007PFCBInitial Stock PositionBTO 100 PFCB @ 35.78Called($3,578.00) 
8/20/2007PFCBInitial Call OptionSTO 1 Sep07 35.00 Call @ 2.30Expired $230.00
9/24/2007PFCBContinued TradeSTO 1 Oct07 35.00 Call @ 0.39Expired $39.00
10/25/2007PFCBContinued TradeSTO 1 Jan08 35.00 Call @ 0.22Expired $22.00
1/24/2008PFCBInterim TradeSTO 1 Feb08 30.00 Call @ 0.65Expired $65.00
2/21/2008PFCBInterim TradeSTO 1 Mar08 30.00 Call @ 0.74Expired $74.00
3/25/2008PFCBContinued TradeSTO 1 Apr08 35.00 Call @ 0.34Expired $34.00
4/24/2008PFCBContinued TradeSTO 1 Jun08 35.00 Call @ 0.49Expired $49.00
7/24/2008PFCBInterim TradeSTO 1 Sep08 30.00 Call @ 0.63Closed $63.00
9/12/2008PFCBBuy Back & Roll OutBTC 1 Sep08 30.00 Call @ -0.06  ($6.00)
9/12/2008PFCBInterim TradeSTO 1 Oct08 30.00 Call @ 0.09Expired $9.00
10/20/2008PFCBInterim TradeSTO 1 Nov08 22.50 Call @ 0.34Expired $34.00
11/24/2008PFCBInterim TradeSTO 1 Dec08 20.00 Call @ 0.34Closed $34.00
12/10/2008PFCBBuy Back and Roll Out/UpBTC 1 Dec08 20.00 Call @ -3.11  ($311.00)
12/10/2008PFCBInterim TradeSTO 1 Apr09 25.00 Call @ 2.89Closed $289.30
4/14/2009PFCBBuy Back and Roll OutBTC 1 Apr09 25.00 Call @ -2.55  ($255.00)
4/14/2009PFCBInterim TradeSTO 1 May09 25.00 Call @ 3.49Closed $349.00
5/4/2009PFCBBuy Back and Roll OutBTC 1 May09 25.00 Call @ -6.89  ($689.00)
5/4/2009PFCBInterim TradeSTO 1 Jun09 25.00 Call @ 7.37Exercised $737.00
6/19/2009PFCBOption ExercisedEX 1 Jun09 25.00 Call @ 25.00 $2,500.00 
6/19/2009PFCBCash to Secure PutCSP 100 PFCB @ 25.00 ($2,500.00) 
6/19/2009PFCBContinued TradeSTO 1 Oct 25.00 Put @ 1.34Expired $134.00
10/16/2009PFCBCSP Margin ReturnedCSP 100 PFCB @ -25.00 $2,500.00 
10/21/2009PFCBCSP Margin UsedCSP 100 PFCB @ 30.00 ($3,000.00) 
10/21/2009PFCBCombined Cost Basis$3,947.67 100 @ 39.48   
10/21/2009PFCBContinued TradeSTO 1 Nov09 30.00 Put @ 0.91  $91.00
11/21/2009PFCB Totals ($4,078.00)$992.30
DTE824 Percent Income/Annualized 24.33%10.78%

KO - Adjustment




The following adjustment was made on today on Coca Cola Company (KO). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2009KOContinued TradeSTO 1 Dec09 52.50 Put @ 0.79  $79.00


Current Position Summary












CSP Margin Used$5,522.00
Income Generated$779.50
Percent Income Generated14.12%
Annualized Income Generated11.45%
Net Profit If Expired$507.50
Percent Return If Expired9.19%
Annualized Return If Expired7.45%
Days Held to Expiration450 days


Trade History



































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/24/2008KOInitial Stock PositionBTO 100 KO @ 50.22Called($5,022.00) 
9/24/2008KOInitial Call OptionSTO 1 Oct08 50.00 Call @ 1.59Expired $159.00
10/20/2008KOInterim TradeSTO 1 Nov08 50.00 Call @ 0.79Expired $79.00
11/24/2008KOInterim TradeSTO 1 Dec08 50.00 Call @ 0.48Expired $48.00
12/15/2008KODividend ReceivedDIV 100 Dividend @ 0.38  $38.00
12/22/2008KOInterim TradeSTO 1 Jan09 47.50 Call @ 0.55Expired $55.00
1/22/2009KOInterim TradeSTO 1 Mar09 47.50 Call @ 0.63Expired $63.00
3/24/2009KOInterim TradeSTO 1 Apr09 45.00 Call @ 0.80Expired $80.00
4/1/2009KODividend ReceivedDIV 100 Dividend @ 0.41  $41.00
4/17/2009KOBuy Back and Roll OutBTC 1 Apr09 45.00 Call @ -0.21  ($21.00)
4/17/2009KOInterim TradeSTO 1 May09 45.00 Call @ 1.40Closed $140.00
5/15/2009KOBuy Back and Roll OutBTC 1 May09 45.00 Call @ -0.06  ($6.00)
5/15/2009KOInterim TradeSTO 1 Jun09 45.00 Call @ 0.99Closed $99.00
6/8/2009KOBuy Back and Roll OutBTC 1 Jun09 45.00 Call @ -4.31  ($431.00)
6/8/2009KOInterim TradeSTO 1 Jul09 47.50 Call @ 2.24Closed $224.30
7/1/2009KODividend ReceivedDIV 100 Dividend @ 0.41  $41.00
7/17/2009KOBuy Back and Roll OutBTC 1 Jul09 47.50 Call @ -2.66  ($265.70)
7/17/2009KOContinued TradeSTO 1 Aug09 47.50 Call @ 2.99Closed $299.30
8/11/2009KOBuy Back and Roll OutBTC 1 Aug09 47.50 Call @ -1.76  ($175.70)
8/11/2009KOContinued TradeSTO 1 Sep09 47.50 Call @ 2.09Exercised $209.30
9/10/2009KOOption ExercisedEX 1 Sep09 47.50 Call @ 47.50 $4,750.00 
9/18/2009KOCSP Margin UsedCSP 100 KO @ 50.00 ($5,000.00) 
9/18/2009KOCombined Cost Basis$5,272.00 100 @ 52.72   
9/18/2009KOContinued TradeSTO 1 Oct09 50.00 Put @ 0.24Expired $24.00
10/16/2009KOCSP Margin ReturnedCSP 100 KO @ -50.00 $5,000.00 
10/21/2009KOCSP Margin UsedCSP 100 KO @ 52.50 ($5,250.00) 
10/21/2009KOCombined Cost Basis$5,876.90 100 @ 58.77   
10/21/2009KOContinued TradeSTO 1 Dec09 52.50 Put @ 0.79  $79.00
12/18/2009KO Totals ($5,522.00)$779.50
DTE450 Percent Income/Annualized 14.12%11.45%

BAC - Adjustment




The following adjustment was made today on Bank of America (BAC). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2009BACContinued TradeSTO 1 Nov09 16.00 Put @ 0.31  $31.00


Current Position Summary












CSP Margin Used$3,672.00
Income Generated$714.10
Percent Income Generated19.45%
Annualized Income Generated16.82%
Net Profit If Expired-$1,357.90
Percent Return If Expired-36.98%
Annualized Return If Expired-31.98%
Days Held to Expiration422 days


Trade History





































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/24/2008BACInitial Stock PositionBTO 100 BAC @ 33.72Called($3,372.00) 
9/24/2008BACInitial Call OptionSTO 1 Oct08 32.50 Call @ 3.21Expired $321.00
9/26/2008BACDividend ReceivedDIV 100 Dividend @ 0.64  $64.00
10/20/2008BACInterim TradeSTO 1 Nov08 27.50 Call @ 0.73Expired $73.00
11/24/2008BACInterim TradeSTO 1 Dec08 17.50Call @ 0.47Expired $47.00
12/22/2008BACInterim TradeSTO 1 Jan09 16.00 Call @ 0.47Expired $47.00
12/26/2008BACDividend ReceivedDIV 100 Dividend @ 0.32  $32.00
1/22/2009BACInterim TradeSTO 1 Mar09 9.00 Call @ 0.67Expired $67.00
3/24/2009BACInterim TradeSTO 1 Apr09 9.00 Call @ 0.60Closed $60.00
3/27/2009BACDividend ReceivedDIV 100 Dividend @ 0.01  $1.00
4/14/2009BACBuy Back and Roll Out/UpBTC 1 Apr09 9.00 Call @ -1.76  ($176.00)
4/14/2009BACInterim TradeSTO 1 May09 10.00 Call @ 2.05Closed $205.00
5/15/2009BACBuy Back and Roll Out/UpBTC 1 May09 10.00 Call @ -0.73  ($72.75)
5/15/2009BACInterim TradeSTO 1 Jun09 11.00 Call @ 1.15Closed $114.55
6/18/2009BACBuy Back and Roll OutBTC 1 Jun09 11.00 Call @ -1.88  ($188.00)
6/18/2009BACInterim TradeSTO 1 Jul09 11.00 Call @ 2.18Closed $218.00
6/26/2009BACDividend ReceivedDIV 100 Dividend @ 0.01  $1.00
7/17/2009BACBuy Back and Roll OutBTC 1 Jul09 11.00 Call @ -1.87  ($187.00)
7/17/2009BACInterim TradeSTO 1 Aug09 11.00 Call @ 2.09Closed $209.00
8/11/2009BACBuy Back and Roll OutBTC 1 Aug09 11.00 Call @ -4.96  ($496.00)
8/11/2009BACInterim TradeSTO 1 Sep09 13.00 Call @ 3.14Exercised $314.30
9/18/2009BACOption ExercisedEX 1 Sep09 13.00 Call @ 13.00 $1,300.00 
9/22/2009BACCSP Margin UsedCSP 100 BAC @ 16.00 ($1,600.00) 
9/22/2009BACCombined Cost Basis$3,672.00 100 @ 36.72   
9/22/2009BACContinued TradeSTO 1 Oct09 16.00 Put @ 0.27Expired $27.00
9/25/2009BACDividend ReceivedDIV 200 Dividend @ 0.01  $2.00
10/16/2009BACCSP Margin ReturnedCSP 100 BAC @ -16.00 $1,600.00 
10/21/2009BACCSP Margin UsedCSP 100 BAC @ 16.00 ($1,600.00) 
10/21/2009BACCombined Cost Basis$5,037.00 100 @ 50.37   
10/21/2009BACContinued TradeSTO 1 Nov09 16.00 Put @ 0.31  $31.00
11/20/2009BAC Totals ($3,672.00)$714.10
DTE422 Percent Income/Annualized 19.45%16.82%