Wednesday, January 26, 2011

ABT - Closed

The Abbott Laboratories (ABT) Jan11 47.00 Put expired on Friday. Today ABT announced earnings and the stock has declined below $47.00, so I decided to close this position and establish a new CSP at the $46 strike. All prices include IB commissions.

This was the second position on ABT. The first position is a CC.

Position Summary

Cost Basis$4,700.00
Net Profit$103.04
Percent Return2.19%
Annualized Return6.61%
Days Held to Expiration121 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/22/2010ABTCSP Margin UsedCSP 100 ABT @ 47.00 ($4,700.00) 
9/22/2010ABTInitial Put OptionSTO 1 Jan11 47.00 Put @ 1.03  $103.04
1/21/2011ABTCSP Margin ReturnedCSP 100 ABT @ -47.00  $4,700.00
1/21/2011ABT Net Cost/Profit-Loss ($4,700.00)$103.04
DTE121 Percent Profit-Loss/Annualized 2.19%6.61%