The following adjustment was made today on SHFL:
SHFL is down about 33% from the original purchase price. I decided to dollar cost average by buying another 100 shares and rolled the call option out to Jan08 and down to the 20 strike.
21-Jun-07 - Buy Back - BTC 1 Aug07 25.00 Call @ -0.11 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 SHFL @ 17.11 -
21-Jun-07 - Combined Cost Basis - $4,263.00 200 @ 21.32 -
21-Jun-07 - Interim Trade - STO 2 Jan08 20.00 Call @ 1.19 -
Current Position Summary:
Stock Investment: $4,263.00
Income Generated: $526.50
Percent Income Generated: 12.35%
Net Profit If Called: $263.50
Percent Return If Called: 6.18%
Annualized Return If Called: 6.82%
Days to Expiration: 331 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 SHFL @ 25.52 -
21-Feb-07 - Initial Call Option - STO 1 Aug07 25.00 Call @ 2.99 - Closed
21-Jun-07 - Buy Back - BTC 1 Aug07 25.00 Call @ -0.11 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 SHFL @ 17.11 -
21-Jun-07 - Combined Cost Basis - $4,263.00 200 @ 21.32 -
21-Jun-07 - Interim Trade - STO 2 Jan08 20.00 Call @ 1.19 -
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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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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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- Covered Call Trading Plan
- Covered Calls and Cash Secured Puts on the Same Stock
- Developing Your Own Method
- How Dividends Effect Option Pricing
- How to Determine the Value of a Stock
- Risk Analysis for Covered Calls
- Successful Investing
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- Value Investing: Marathon vs Sprint
- What to Buy, When to Buy, and When to Sell
- When to Buy More
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.