The PALM 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: $3,917.00
Income Generated: $613.50
Net Profit: -$133.00
Percent Return: -3.40%
Annualized Return: -2.57%
Duration of Trade: 483 days
Buy & Hold Comparison
Opening Price: $19.59
Closing Price: $15.85
P/L per Share: -$3.74
Shares: 100
Dividends: $0.00
Net Profit: -$374.00
Percent Return: -10.09%
Annualized Return: -14.43%
Duration of Trade: 483 days
Trade History:
24-Apr-06 - Initial Stock Position - BTO 100 PALM @ 23.16 -
24-Apr-06 - Initial Call Option - STO 1 Aug06 22.50 Call @ 2.95 - Closed
05-Jul-06 - Buy Back & Roll Down - BTC 1 Aug06 22.50 Call @ -0.11 -
05-Jul-06 - Dollar Cost Averaging - BTO 100 PALM @ 16.01 -
05-Jul-06 - Combined Cost Basis - $3,917.00 200 @ 19.59 -
05-Jul-06 - Continued Trade - STO 2 Feb07 20.00 Call @ 1.20 - Closed
19-Dec-06 - Buy Back & Roll Out - BTC 2 Feb07 20.00 Call @ -0.11 -
19-Dec-06 - Continued Trade - STO 2 Aug07 20.00 Call @ 0.55 - Expired
20-Aug-07 - Position Closed - STC 2 Closed @ 15.85 -
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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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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.