Tuesday, December 19, 2006

EXP - Adjustment

The following adjustment was made on EXP today:

19-Dec-06 - Buy Back & Roll Out/Up - BTC 2 Jan07 40.00 Call @ -3.41
19-Dec-06 - Interim Trade - STO 2 Jul07 45.00 Call @ 4.39

The Jan07 40 call option was an interim trade at a strike price lower than the cost basis. I did not want this call exercised and since it was ITM I rolled it out to Jul07 and up to the 45 strike to avoid assignment. This position is another interim trade and may have to be rolled again.

Current Position Summary:

Stock Investment: $11,903.00
Income Generated: $2,188.50
Percent Income Generated: 18.39%
Net Profit If Called: -$712.50
Percent Return If Called: -5.99%
Annualized Return If Called: -4.83%
Days to Expiration: 452 days

Trade History:

24-Apr-06 - Initial Stock Position - BTO 100 EXP @ 70.60
24-Apr-06 - Initial Call Option - STO 1 May06 65.00 Call @ 8.29
22-May-06 - Dollar Cost Averaging - BTO 100 EXP @ 48.41
22-May-06 - Combined Cost Basis - $11,901.00 200 @ 59.51
22-May-06 - Continued Trade - STO 2 Oct06 60.00 Call @ 2.39
20-Jul-06 - Dividend Received - DIV 200 Dividend @ 0.18
25-Jul-06 - Buy Back & Roll Out/Down - BTC 2 Oct06 60.00 Call @ -0.21
25-Jul-06 - Interim Trade - STO 2 Jan07 50.00 Call @ 2.19
23-Oct-06 - Buy Back & Roll Down - BTC 2 Jan07 50.00 Call @ -0.26
23-Oct-06 - Interim Trade - STO 2 Jan07 40.00 Call @ 1.34
02-Nov-06 - Dividend Received - DIV 200 Dividend @ 0.18
19-Dec-06 - Buy Back & Roll Out/Up - BTC 2 Jan07 40.00 Call @ -3.41
19-Dec-06 - Interim Trade - STO 2 Jul07 45.00 Call @ 4.39