Friday, April 22, 2011

NVS - Closed




The Novartis (NVS) Apr11 52.50 Put expired last Friday. NVS announced earnings this week and the stock has rose above $57.00, so I decided to close this position. All prices include IB commissions.

Position Summary





Cost Basis$5,250.00
Net Profit$129.24
Percent Return2.46%
Annualized Return13.61%
Days Held to Expiration66 days


Trade History










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/8/2011NVSCSP Margin UsedCSP 100 NVS @ 52.50 ($5,250.00) 
2/8/2011NVSInitial Put OptionSTO 1 Apr 52.50 Put @ 1.29Expired $129.24
3/18/2011NVSCSP Margin ReturnedCSP 100 NVS @ -52.50  $5,250.00
4/15/2011NVS Net Cost/Profit-Loss ($5,250.00)$129.24
DTE66 Percent Profit-Loss/Annualized 2.46%13.61%

NVS - Closed




The Novartis (NVS) Apr11 55.00 Put expired last Friday. NVS announced earnings this week and the stock has rose above $57.00, so I decided to close this position. All prices include IB commissions.

Position Summary





Cost Basis$5,500.00
Net Profit$317.23
Percent Return5.77%
Annualized Return14.62%
Days Held to Expiration144 days


Trade History











DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/22/2010NVSCSP Margin UsedCSP 100 NVS @ 55.00 ($5,500.00) 
11/22/2010NVSInitial Put OptionSTO 1 Dec11 55.00 Put @ 0.88Expired $88.24
12/21/2010NVSContinued TradeSTO 1 Apr11 55.00 Put @ 2.29  $228.99
4/15/2011NVSCSP Margin ReturnedCSP 100 NVS @ -55.00  $5,500.00
4/15/2011NVS Net Cost/Profit-Loss ($5,500.00)$317.23
DTE144 Percent Profit-Loss/Annualized 5.77%14.62%

JNJ - Closed




The Johnson and Johnson (JNJ) Apr11 60.00 Put expired last Friday. JNJ announced earnings this week and the stock has rose above $64.00, so I decided to close this position. All prices include IB commissions.

Position Summary





Cost Basis$6,000.00
Net Profit$120.02
Percent Return2.00%
Annualized Return9.13%
Days Held to Expiration80 days


Trade History












DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2011JNJCSP Margin UsedCSP 100 JNJ @ 60.00 ($6,000.00) 
1/25/2011JNJInitial Put OptionSTO 1 Mar11 60.00 Put @ 0.94Closed $94.04
3/18/2011JNJBuy Back and Roll OutBTC 1 Mar11 60.00 Put @ -1.63  ($163.01)
3/18/2011JNJContinued TradeSTO 1 Apr11 60.00 Put @ 1.89Expired $188.99
4/15/2011JNJCSP Margin ReturnedCSP 100 JNJ @ -60.00  $6,000.00
4/15/2011JNJ Net Cost/Profit-Loss ($6,000.00)$120.02
DTE80 Percent Profit-Loss/Annualized 2.00%9.13%

Wednesday, April 6, 2011

TBT - Adjustment




The following adjustment was made on today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/6/2011TBTBuy Back and Roll Out/UpBTC 2 Apr11 40.00 Call @ -0.08  ($15.93)
4/6/2011TBTInterim TradeSTO 2 Sep11 42.00 Call @ 1.43  $286.57


Current Position Summary





Cost Basis($9,200.00)
Income Generated$936.94
Percent Income Generated10.18%
Annualized Income Generated7.26%
Net Profit If Assigned$136.94
Percent Return If Assigned1.49%
Annualized Return If Assigned1.06%
Days Held to Expiration512 days


Trade History























DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/22/2010TBTCSP Margin UsedCSP 200 TBT @ 46.00 ($9,200.00) 
4/22/2010TBTInitial Put OptionSTO 2 May10 46.00 Put @ 0.55Closed $110.57
5/21/2010TBTBuy Back and Roll OutBTC 2 May10 46.00 Put @ -7.24  ($1,448.13)
5/21/2010TBTContinued TradeSTO 2 Sep10 46.00 Put @ 8.14Exercised $1,628.57
9/8/2010TBTCSP Margin ReturnedCSP 100 TBT @ -46.00 $4,600.00 
9/8/2010TBTStock AssignedEX 1 Sep10 46.00 Put @ -46.00 ($4,600.00) 
9/9/2010TBTInterim TradeSTO 2 Oct10 37.00 Call @ 0.27Expired $54.57
10/21/2010TBTInterim TradeSTO 2 Nov10 37.00 Call @ 0.27Closed $54.67
11/18/2010TBTBuy Back and Roll Out/UpBTC 2 Nov10 37.00 Call @ -0.23  ($46.33)
11/18/2010TBTInterim TradeSTO 2 Dec10 38.00 Call @ 0.91Closed $182.57
12/13/2010TBTBuy Back and Roll Out/UpBTC 2 Dec10 38.00 Call @ -1.83  ($365.43)
12/13/2010TBTInterim TradeSTO 2 Mar11 41.00 Call @ 2.29Closed $458.67
3/18/2011TBTBuy Back and Roll Out/UpBTC 2 Mar11 41.00 Call @ -0.01  ($2.00)
3/18/2011TBTInterim TradeSTO 2 Apr11 40.00 Call @ 0.19Closed $38.57
4/6/2011TBTBuy Back and Roll Out/UpBTC 2 Apr11 40.00 Call @ -0.08  ($15.93)
4/6/2011TBTInterim TradeSTO 2 Sep11 42.00 Call @ 1.43  $286.57
9/16/2011TBT Totals ($9,200.00)$936.94
DTE512 Percent Income/Annualized 10.18%7.26%

ABT - Adjustment




The following adjustment was made today on Abbott Laboratories (ABT). All prices include IB commissions.











CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Years of Positive Free Cash Flow (last 10 years)10
Fair Value Estimate$68.00
Target Buy Price$54.00
Target Margin of Safety20.00%
Actual Buy Price$55.00
Actual Margin of Safety19.12%







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/6/2011ABTContinued TradeSTO 1 May11 52.50 Call @ 0.25  $24.99


Current Position Summary





Cost Basis($5,500.00)
Income Generated$567.53
Percent Income Generated10.32%
Annualized Income Generated7.80%
Net Profit If Assigned$317.53
Percent Return If Assigned5.77%
Annualized Return If Assigned4.36%
Days Held to Expiration483 days


Trade History





















1/22/2010ABTCSP Margin UsedCSP 100 ABT @ 55.00 ($5,500.00) 
1/22/2010ABTInitial Put OptionSTO 1 Feb10 55.00 Put @ 1.00Exercised $100.00
2/19/2010ABTCSP Margin ReturnedCSP 100 ABT @ -55.00 $5,500.00 
2/19/2010ABTStock AssignedEX 1 Feb10 55.00 Put @ -55.00 ($5,500.00) 
2/22/2010ABTContinued TradeSTO 1 Mar10 55.00 Call @ 0.60Expired $60.14
4/30/2010ABTContinued TradeSTO 1 May10 52.50 Call @ 0.31Closed $31.14
5/15/2010ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
5/21/2010ABTBuy Back and Roll Out/DownBTC 1 May10 52.50 Call @ -0.03  ($3.01)
5/21/2010ABTInterim TradeSTO 1 Aug10 50.00 Call @ 1.05Expired $104.99
8/15/2010ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
9/1/2010ABTContinued TradeSTO 1 Jan11 55.00 Call @ 0.76Closed $76.24
11/15/2010ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
12/21/2010ABTBuy BackBTC 1 Jan11 55.00 Call @ -0.03Expired ($2.96)
2/15/2011ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
4/6/2011ABTContinued TradeSTO 1 May11 52.50 Call @ 0.25  $24.99
5/20/2011ABT Totals ($5,500.00)$567.53
DTE483 Percent Income/Annualized 10.32%7.80%

ADP - Dividend




A dividend was received on Automatic Data Processing (ADP). All prices include IB commissions.











CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Years of Positive Free Cash Flow (last 10 years)10
Fair Value Estimate$52.00
Target Buy Price$36.00
Target Margin of Safety30.00%
Actual Buy Price$44.00
Actual Margin of Safety15.38%







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/1/2011ADPDividend ReceivedDIV 100 Dividend @ 0.36  $36.00


Current Position Summary





Cost Basis($4,400.00)
Income Generated$245.47
Percent Income Generated5.58%
Annualized Income Generated4.25%
Net Profit If Assigned$245.47
Percent Return If Assigned5.58%
Annualized Return If Assigned4.25%
Days Held to Expiration479 days


Trade History





















DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/27/2010ADPCSP Margin UsedCSP 100 ADP @ 44.00 ($4,400.00) 
4/27/2010ADPInitial Put OptionSTO 1 May10 44.00 Put @ 0.49Closed $48.99
5/21/2010ADPBuy Back and Roll OutBTC 1 May10 44.00 Put @ -3.89  ($388.86)
5/21/2010ADPContinued TradeSTO 1 Aug10 44.00 Put @ 4.65Exercised $465.14
8/20/2010ADPCSP Margin ReturnedCSP 100 ADP @ -44.00 $4,400.00 
8/20/2010ADPStock AssignedEX 1 Aug10 44.00 Put @ -44.00 ($4,400.00) 
9/1/2010ADPInterim TradeSTO 1 Nov10 42.00 Call @ 0.45Closed $45.24
10/1/2010ADPDividend ReceivedDIV 100 Dividend @ 0.34  $34.00
11/18/2010ADPBuy Back and Roll Out/UpBTC 1 Nov10 42.00 Call @ -3.32  ($331.76)
11/18/2010ADPInterim TradeSTO 1 Feb11 43.00 Call @ 2.96Closed $296.24
1/3/2011ADPDividend ReceivedDIV 100 Dividend @ 0.36  $36.00
1/5/2011ADPBuy Back and Roll Out/UpBTC 1 Feb11 43.00 Call @ -4.68  ($467.76)
1/5/2011ADPContinued TradeSTO 1 Aug11 44.00 Call @ 4.72  $472.24
4/1/2011ADPDividend ReceivedDIV 100 Dividend @ 0.36  $36.00
8/19/2011ADP Totals ($4,400.00)$245.47
DTE479 Percent Income/Annualized 5.58%4.25%