A new position was established today on TGT. The following is the trade information, including IB commissions:
28-Nov-07 - Initial Stock Position - BTO 100 TGT @ 59.37
28-Nov-07 - Initial Call Option - STO 1 Dec07 55.00 Call @ 5.66
Stock Investment: $5,937.00
Income Generated: $566.00
Percent Income Generated: 9.53%
Annualized Income Generated: 151.29%
Net Profit If Called: $129.00
Percent Return If Called: 2.17%
Annualized Return If Called: 34.48%
Days to Expiration: 23 days
Wednesday, November 28, 2007
NUE - New Position
A new position was established today on NUE. The following is the trade information, including IB commissions:
28-Nov-07 - Initial Stock Position - BTO 100 NUE @ 54.37
28-Nov-07 - Initial Call Option - STO 1 Dec07 50.00 Call @ 5.39
Stock Investment: $5,437.00
Income Generated: $539.00
Percent Income Generated: 9.91%
Annualized Income Generated: 157.32%
Net Profit If Called: $102.00
Percent Return If Called: 1.88%
Annualized Return If Called: 29.77%
Days to Expiration: 23 days
28-Nov-07 - Initial Stock Position - BTO 100 NUE @ 54.37
28-Nov-07 - Initial Call Option - STO 1 Dec07 50.00 Call @ 5.39
Stock Investment: $5,437.00
Income Generated: $539.00
Percent Income Generated: 9.91%
Annualized Income Generated: 157.32%
Net Profit If Called: $102.00
Percent Return If Called: 1.88%
Annualized Return If Called: 29.77%
Days to Expiration: 23 days
AXP - New Position
A new position was established today on AXP. The following is the trade information, including IB commissions:
28-Nov-07 - Initial Stock Position - BTO 100 AXP @ 56.74
28-Nov-07 - Initial Call Option - STO 1 Dec07 55.00 Call @ 3.21
Stock Investment: $5.674.00
Income Generated: $321.00
Percent Income Generated: 5.66%
Annualized Income Generated: 89.78%
Net Profit If Called: $147.00
Percent Return If Called: 2.59%
Annualized Return If Called: 41.11%
Days to Expiration: 23 days
28-Nov-07 - Initial Stock Position - BTO 100 AXP @ 56.74
28-Nov-07 - Initial Call Option - STO 1 Dec07 55.00 Call @ 3.21
Stock Investment: $5.674.00
Income Generated: $321.00
Percent Income Generated: 5.66%
Annualized Income Generated: 89.78%
Net Profit If Called: $147.00
Percent Return If Called: 2.59%
Annualized Return If Called: 41.11%
Days to Expiration: 23 days
Thursday, November 22, 2007
Happy Thanksgiving!
I'd like to wish all the readers of this blog and the members of the JustCoveredCalls Yahoo Group and very Happy Thanksgiving! The response I've received from this blog and Yahoo group has been beyond my expectations. I really appreciate all the feedback and hope that the information presented has been helpful.
Tuesday, November 20, 2007
SNDK - Adjustment
The following adjustment was made today on SNDK:
20-Nov-07 - Continued Trade - STO 2 Dec07 40.00 Call @ 0.67
This is another position where I sold a lower strike call which would result in a small profit if called. Again, I'll monitor this one like an interim trade and roll it out/up to avoid assigned if it should be ITM at expiration.
Current Position Summary:
Stock Investment: $10,854.00
Income Generated: $3,431.70
Percent Income Generated: 31.62%
Annualized Income Generated: 19.04%
Net Profit If Called: $577.70
Percent Return If Called: 5.32%
Annualized Return If Called: 3.21%
Days to Expiration: 606 days
Trade History:
24-Apr-06 - Initial Stock Position - BTO 100 SNDK @ 59.56 -
24-Apr-06 - Initial Call Option - STO 1 Jul06 57.50 Call @ 7.09 - Closed
06-Jul-06 - Buy Back & Roll Out/Down - BTC 1 Jul06 57.50 Call @ -0.16 -
06-Jul-06 - Dollar Cost Averaging - BTO 100 SNDK @ 48.98 -
06-Jul-06 - Combined Cost Basis - $10,854.00 200 @ 54.27 -
06-Jul-06 - Continued Trade - STO 2 Oct06 55.00 Call @ 3.39 - Expired
23-Oct-06 - Continued Trade - STO 2 Jan07 55.00 Call @ 2.14 - Closed
19-Dec-06 - Buy Back & Roll Out/Down - BTC 2 Jan07 55.00 Call @ -0.16 -
19-Dec-06 - Continued Trade - STO 2 Feb07 50.00 Call @ 1.69 - Closed
06-Feb-07 - Buy Back & Roll Out/Down - BTC 2 Feb07 50.00 Call @ -0.06 -
06-Feb-07 - Interim Trade - STO 2 Apr07 45.00 Call @ 1.39 - Expired
27-Apr-07 - Interim Trade - STO 2 May07 45.00 Call @ 0.84 - Expired
21-May-07 - Interim Trade - STO 2 Jun07 45.00 Call @ 0.98 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 2 Jun07 45.00 Call @ -1.46 -
15-Jun-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 2.60 - Expired
22-Oct-07 - Continued Trade - STO 2 Nov07 45.00 Call @ 1.64 - Expired
20-Nov-07 - Continued Trade - STO 2 Dec07 40.00 Call @ 0.67
20-Nov-07 - Continued Trade - STO 2 Dec07 40.00 Call @ 0.67
This is another position where I sold a lower strike call which would result in a small profit if called. Again, I'll monitor this one like an interim trade and roll it out/up to avoid assigned if it should be ITM at expiration.
Current Position Summary:
Stock Investment: $10,854.00
Income Generated: $3,431.70
Percent Income Generated: 31.62%
Annualized Income Generated: 19.04%
Net Profit If Called: $577.70
Percent Return If Called: 5.32%
Annualized Return If Called: 3.21%
Days to Expiration: 606 days
Trade History:
24-Apr-06 - Initial Stock Position - BTO 100 SNDK @ 59.56 -
24-Apr-06 - Initial Call Option - STO 1 Jul06 57.50 Call @ 7.09 - Closed
06-Jul-06 - Buy Back & Roll Out/Down - BTC 1 Jul06 57.50 Call @ -0.16 -
06-Jul-06 - Dollar Cost Averaging - BTO 100 SNDK @ 48.98 -
06-Jul-06 - Combined Cost Basis - $10,854.00 200 @ 54.27 -
06-Jul-06 - Continued Trade - STO 2 Oct06 55.00 Call @ 3.39 - Expired
23-Oct-06 - Continued Trade - STO 2 Jan07 55.00 Call @ 2.14 - Closed
19-Dec-06 - Buy Back & Roll Out/Down - BTC 2 Jan07 55.00 Call @ -0.16 -
19-Dec-06 - Continued Trade - STO 2 Feb07 50.00 Call @ 1.69 - Closed
06-Feb-07 - Buy Back & Roll Out/Down - BTC 2 Feb07 50.00 Call @ -0.06 -
06-Feb-07 - Interim Trade - STO 2 Apr07 45.00 Call @ 1.39 - Expired
27-Apr-07 - Interim Trade - STO 2 May07 45.00 Call @ 0.84 - Expired
21-May-07 - Interim Trade - STO 2 Jun07 45.00 Call @ 0.98 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 2 Jun07 45.00 Call @ -1.46 -
15-Jun-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 2.60 - Expired
22-Oct-07 - Continued Trade - STO 2 Nov07 45.00 Call @ 1.64 - Expired
20-Nov-07 - Continued Trade - STO 2 Dec07 40.00 Call @ 0.67
PLCM - Adjustment
The following adjustment was made today on PLCM:
20-Nov-07 - Continued Trade - STO 1 Dec07 30.00 Call @ 0.27
Current Position Summary:
Stock Investment: $3,164.00
Income Generated: $395.00
Percent Income Generated: 12.48%
Annualized Income Generated: 37.05%
Net Profit If Called: $231.00
Percent Return If Called: 7.30%
Annualized Return If Called: 21.67%
Days to Expiration: 123 days
Trade History:
20-Aug-07 - Initial Stock Position - BTO 100 PLCM @ 31.64 -
20-Aug-07 - Initial Call Option - STO 1 Sep07 30.00 Call @ 2.55 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 30.00 Call @ 0.34 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 30.00 Call @ 0.79 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 30.00 Call @ 0.27
20-Nov-07 - Continued Trade - STO 1 Dec07 30.00 Call @ 0.27
Current Position Summary:
Stock Investment: $3,164.00
Income Generated: $395.00
Percent Income Generated: 12.48%
Annualized Income Generated: 37.05%
Net Profit If Called: $231.00
Percent Return If Called: 7.30%
Annualized Return If Called: 21.67%
Days to Expiration: 123 days
Trade History:
20-Aug-07 - Initial Stock Position - BTO 100 PLCM @ 31.64 -
20-Aug-07 - Initial Call Option - STO 1 Sep07 30.00 Call @ 2.55 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 30.00 Call @ 0.34 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 30.00 Call @ 0.79 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 30.00 Call @ 0.27
KSS - Adjustment
The following adjustment was made today on KSS:
20-Nov-07 - Continued Trade - STO 1 Dec07 50.00 Call @ 1.74
I decided to sell the Dec 50 call instead of the Dec 55 since the time value was greater. Although the position would result is a small profit if called, I'll monitor this one like an interim trade and roll it out/up to avoid assigned if it should be ITM at expiration.
Current Position Summary:
Stock Investment: $5,690.00
Income Generated: $813.00
Percent Income Generated: 14.29%
Annualized Income Generated: 61.63%
Net Profit If Called: $123.00
Percent Return If Called: 2.16%
Annualized Return If Called: 9.28%
Days to Expiration: 85 days
Trade History:
27-Sep-07 - Initial Stock Position - BTO 100 KSS @ 56.90 -
27-Sep-07 - Initial Call Option - STO 1 Oct07 55.00 Call @ 3.20 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 3.19 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 50.00 Call @ 1.74
20-Nov-07 - Continued Trade - STO 1 Dec07 50.00 Call @ 1.74
I decided to sell the Dec 50 call instead of the Dec 55 since the time value was greater. Although the position would result is a small profit if called, I'll monitor this one like an interim trade and roll it out/up to avoid assigned if it should be ITM at expiration.
Current Position Summary:
Stock Investment: $5,690.00
Income Generated: $813.00
Percent Income Generated: 14.29%
Annualized Income Generated: 61.63%
Net Profit If Called: $123.00
Percent Return If Called: 2.16%
Annualized Return If Called: 9.28%
Days to Expiration: 85 days
Trade History:
27-Sep-07 - Initial Stock Position - BTO 100 KSS @ 56.90 -
27-Sep-07 - Initial Call Option - STO 1 Oct07 55.00 Call @ 3.20 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 3.19 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 50.00 Call @ 1.74
ESV - Adjustment
The following adjustment was made today on ESV:
20-Nov-07 - Continued Trade - STO 1 Dec07 55.00 Call @ 1.43
Current Position Summary:
Stock Investment: $5,708.00
Income Generated: $686.00
Percent Income Generated: 12.02%
Annualized Income Generated: 51.61%
Net Profit If Called: $478.00
Percent Return If Called: 8.37%
Annualized Return If Called: 35.96%
Days to Expiration: 85 days
Trade History:
27-Sep-07 - Initial Stock Position - BTO 100 ESV @ 57.08 -
27-Sep-07 - Initial Call Option - STO 1 Oct07 55.00 Call @ 3.09 - Expired
26-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 2.34 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 55.00 Call @ 1.43
20-Nov-07 - Continued Trade - STO 1 Dec07 55.00 Call @ 1.43
Current Position Summary:
Stock Investment: $5,708.00
Income Generated: $686.00
Percent Income Generated: 12.02%
Annualized Income Generated: 51.61%
Net Profit If Called: $478.00
Percent Return If Called: 8.37%
Annualized Return If Called: 35.96%
Days to Expiration: 85 days
Trade History:
27-Sep-07 - Initial Stock Position - BTO 100 ESV @ 57.08 -
27-Sep-07 - Initial Call Option - STO 1 Oct07 55.00 Call @ 3.09 - Expired
26-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 2.34 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 55.00 Call @ 1.43
Sunday, November 18, 2007
MFLX - Closed
The MFLX Nov07 17.50 Call was exercised on Fri and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $1,651.00
Income Generated: $159.00
Net Profit: $258.00
Percent Return: 15.63%
Annualized Return: 38.03%
Duration of Trade: 150 days
Buy & Hold Comparison
Opening Price: $16.51
Closing Price: $18.98
P/L per Share: $2.47
Shares: 100
Dividends: $0.00
Net Profit: $247.00
Percent Return: 14.96%
Annualized Return: 36.40%
Duration of Trade: 150 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 MFLX @ 16.51 -
19-Jun-07 - Initial Call Option - STO 1 Nov07 17.50 Call @ 1.59 - Exercised
16-Nov-07 - Option Exercised - EX 1 Nov07 17.50 Call @ 17.50 -
Covered Call Results
Stock Investment: $1,651.00
Income Generated: $159.00
Net Profit: $258.00
Percent Return: 15.63%
Annualized Return: 38.03%
Duration of Trade: 150 days
Buy & Hold Comparison
Opening Price: $16.51
Closing Price: $18.98
P/L per Share: $2.47
Shares: 100
Dividends: $0.00
Net Profit: $247.00
Percent Return: 14.96%
Annualized Return: 36.40%
Duration of Trade: 150 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 MFLX @ 16.51 -
19-Jun-07 - Initial Call Option - STO 1 Nov07 17.50 Call @ 1.59 - Exercised
16-Nov-07 - Option Exercised - EX 1 Nov07 17.50 Call @ 17.50 -
CLHB - Closed
The CLHB Nov07 50.00 Call was exercised on Fri and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $5,350.00
Income Generated: $923.00
Net Profit: $573.00
Percent Return: 10.71%
Annualized Return: 14.59%
Duration of Trade: 268 days
Buy & Hold Comparison
Opening Price: $53.50
Closing Price: $54.63
P/L per Share: $1.13
Shares: 100
Dividends: $0.00
Net Profit: $113.00
Percent Return: 2.11%
Annualized Return: 2.88%
Duration of Trade: 268 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 CLHB @ 53.50 -
21-Feb-07 - Initial Call Option - STO 1 Apr07 50.00 Call @ 5.32 - Expired
23-Apr-07 - Continued Trade - STO 1 May07 50.00 Call @ 0.34 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 50.00 Call @ 0.19 - Expired
19-Jun-07 - Continued Trade - STO 1 Oct07 50.00 Call @ 2.49 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 50.00 Call @ 0.89 - Exercised
11-Nov-07 - EX 1 Nov07 50.00 Call @ 50.00
Covered Call Results
Stock Investment: $5,350.00
Income Generated: $923.00
Net Profit: $573.00
Percent Return: 10.71%
Annualized Return: 14.59%
Duration of Trade: 268 days
Buy & Hold Comparison
Opening Price: $53.50
Closing Price: $54.63
P/L per Share: $1.13
Shares: 100
Dividends: $0.00
Net Profit: $113.00
Percent Return: 2.11%
Annualized Return: 2.88%
Duration of Trade: 268 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 CLHB @ 53.50 -
21-Feb-07 - Initial Call Option - STO 1 Apr07 50.00 Call @ 5.32 - Expired
23-Apr-07 - Continued Trade - STO 1 May07 50.00 Call @ 0.34 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 50.00 Call @ 0.19 - Expired
19-Jun-07 - Continued Trade - STO 1 Oct07 50.00 Call @ 2.49 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 50.00 Call @ 0.89 - Exercised
11-Nov-07 - EX 1 Nov07 50.00 Call @ 50.00
Friday, November 2, 2007
GGC - Adjustment
The following adjustment was made today on GGC:
02-Nov-07 - Buy Back & Roll Down - BTC 1 Nov07 20.00 Call @ -0.06 -
02-Nov-07 - Dollar Cost Averaging - BTO 200 GGC @ 11.08 -
02-Nov-07 - Combined Cost Basis - $4,269.00 300 @ 14.23 -
02-Nov-07 - Interim Trade - STO 3 Dec07 12.50 Call @ 0.39 -
Current Position Summary:
Stock Investment: $4,269.00
Income Generated: $516.90
Percent Income Generated: 12.11%
Annualized Income Generated: 14.59%
Net Profit If Called: -$2.10
Percent Return If Called: -0.05%
Annualized Return If Called: -0.06%
Days to Expiration: 303 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 GGC @ 20.54 -
21-Feb-07 - Initial Call Option - STO 1 May07 20.00 Call @ 2.13 - Expired
10-Apr-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
21-May-07 - Continued Trade - STO 1 Jun07 20.00 Call @ 0.29 - Expired
19-Jun-07 - Continued Trade - STO 1 Nov07 20.00 Call @ 1.39 - Closed
10-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
10-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
02-Nov-07 - Buy Back & Roll Down - BTC 1 Nov07 20.00 Call @ -0.06 -
02-Nov-07 - Dollar Cost Averaging - BTO 200 GGC @ 11.08 -
02-Nov-07 - Combined Cost Basis - $4,269.00 300 @ 14.23 -
02-Nov-07 - Interim Trade - STO 3 Dec07 12.50 Call @ 0.39 -
GGC is down about 46% from my original purchase price. Since I still like this company I decided to average down and buy an additional 200 shares, which still keeps me within my 5% position limit. By averaging down I reduced my cost basis in the stock from 20.54 to 14.23 (31%), so the stock is now down only 22%, instead of 46%. I sold a Dec 12.50 call, which is an interim trade, meaning it would result in a minor loss if called. My overall cost basis, including option premiums, dividends, and commissions, is now only $12.51.
02-Nov-07 - Buy Back & Roll Down - BTC 1 Nov07 20.00 Call @ -0.06 -
02-Nov-07 - Dollar Cost Averaging - BTO 200 GGC @ 11.08 -
02-Nov-07 - Combined Cost Basis - $4,269.00 300 @ 14.23 -
02-Nov-07 - Interim Trade - STO 3 Dec07 12.50 Call @ 0.39 -
Current Position Summary:
Stock Investment: $4,269.00
Income Generated: $516.90
Percent Income Generated: 12.11%
Annualized Income Generated: 14.59%
Net Profit If Called: -$2.10
Percent Return If Called: -0.05%
Annualized Return If Called: -0.06%
Days to Expiration: 303 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 GGC @ 20.54 -
21-Feb-07 - Initial Call Option - STO 1 May07 20.00 Call @ 2.13 - Expired
10-Apr-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
21-May-07 - Continued Trade - STO 1 Jun07 20.00 Call @ 0.29 - Expired
19-Jun-07 - Continued Trade - STO 1 Nov07 20.00 Call @ 1.39 - Closed
10-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
10-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
02-Nov-07 - Buy Back & Roll Down - BTC 1 Nov07 20.00 Call @ -0.06 -
02-Nov-07 - Dollar Cost Averaging - BTO 200 GGC @ 11.08 -
02-Nov-07 - Combined Cost Basis - $4,269.00 300 @ 14.23 -
02-Nov-07 - Interim Trade - STO 3 Dec07 12.50 Call @ 0.39 -
GGC is down about 46% from my original purchase price. Since I still like this company I decided to average down and buy an additional 200 shares, which still keeps me within my 5% position limit. By averaging down I reduced my cost basis in the stock from 20.54 to 14.23 (31%), so the stock is now down only 22%, instead of 46%. I sold a Dec 12.50 call, which is an interim trade, meaning it would result in a minor loss if called. My overall cost basis, including option premiums, dividends, and commissions, is now only $12.51.
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