The AMD position was closed today for a loss since the company no longer met my fundamental criteria. I'll explain the reasons in a separate article. Notice that the buy & hold loss would have been greater. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $1,624.00
Income Generated: $257.00
Net Profit: -$161.00
Percent Return: -9.91%
Annualized Return: -17.48%
Duration of Trade: 207 days
Buy & Hold Comparison
Opening Price: $16.24
Closing Price: $12.06
P/L per Share: -$4.18
Shares: 100
Dividends: $0.00
Net Profit: -$418.00
Percent Return: -25.74%
Annualized Return: -45.39%
Duration of Trade: 207 days
Trade History:
25-Jan-07 - Initial Stock Position - BTO 100 AMD @ 16.24 - Closed
25-Jan-07 - Initial Call Option - STO 1 Jul07 16.00 Call @ 2.14 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 16.00 Call @ 0.43 - Expired
20-Aug-07 - Position Closed - STC 1 Closed @ 12.06 -
skip to main |
skip to sidebar
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.
Join the Discussion Group
The purpose of this Groups.io group is to provide a forum for discussing this blog.
The discussion will focus on covered calls and naked/cash secured puts and related topics. If you are interested in participating, then subscribe below.
Subscribe: justcoveredcallsplus+subscribe@groups.io
Get Email Updates
Add your email address and you will be emailed every time a new post is added to this blog. Emails are sent out only once per day and only if there are any new posts. All email addresses will be kept confidential and will not be used to send any unsolicited email.
Categories
- Commentary (102)
- Trades (2361)
- Trading Plan (6)
Blog Archive
-
▼
2007
(234)
-
▼
Aug 2007
(23)
- Paper Trade Followup
- Taking a Loss
- XTO - New Position
- WSM - New Position
- RS - New Position
- PLCM - New Position
- PFCB - New Position
- WFMI - Adjustment
- TEX - Adjustment
- STLD - Adjustment
- NUE - Adjustment
- MCO - Adjustment
- LM - Adjustment
- ITG - Adjustment
- BRCM - Adjustment
- EXPD - Closed
- PALM - Closed
- AMD - Closed
- EXBD - Closed
- ATVI - Closed
- When to Buy More
- What to Buy, When to Buy, and When to Sell
- Morningstar's New Options Feature
-
▼
Aug 2007
(23)
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.
Recommended Blog Articles
- Bullish Seagulls - Giving Your Cash Secured Put Wings
- Covered Calls, Cash Secured Puts, and Bullish Seagulls
- Seagulls and Jade Lizards
- A Dividend Approach to Retirement
- Calculating Covered Call Returns
- 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
- Using Someone Else's Method
- 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.