Thursday, September 6, 2007
EBAY - Closed
The EBAY position was closed today for a profit since it already produced about 93% of the expected return. By closing early I gave back $10 in profit but increased the annualized return. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $3,294.50
Income Generated: -$147.00
Net Profit: $129.50
Percent Return: 3.93%
Annualized Return: 34.99%
Duration of Trade: 41 days
Buy & Hold Comparison
Opening Price: $32.95
Closing Price: $35.71
P/L per Share: $2.76
Shares: 100
Dividends: $0.00
Net Profit: $276.00
Percent Return: 8.38%
Annualized Return: 74.57%
Duration of Trade: 41 days
Trade History:
27-Jul-07 - Initial Stock Position - BTO 100 EBAY @ 32.95 - Closed
27-Jul-07 - Initial Call Option - STO 1 Sep07 32.50 Call @ 1.84 - Closed
06-Sep-07 - Position Closed - BTC 1 Sep07 32.50 Call @ -3.31 -
06-Sep-07 - Position Closed - STC 1 Closed @ 35.71 -
Covered Call Results
Stock Investment: $3,294.50
Income Generated: -$147.00
Net Profit: $129.50
Percent Return: 3.93%
Annualized Return: 34.99%
Duration of Trade: 41 days
Buy & Hold Comparison
Opening Price: $32.95
Closing Price: $35.71
P/L per Share: $2.76
Shares: 100
Dividends: $0.00
Net Profit: $276.00
Percent Return: 8.38%
Annualized Return: 74.57%
Duration of Trade: 41 days
Trade History:
27-Jul-07 - Initial Stock Position - BTO 100 EBAY @ 32.95 - Closed
27-Jul-07 - Initial Call Option - STO 1 Sep07 32.50 Call @ 1.84 - Closed
06-Sep-07 - Position Closed - BTC 1 Sep07 32.50 Call @ -3.31 -
06-Sep-07 - Position Closed - STC 1 Closed @ 35.71 -
Labels:
Trades