A new position was established today on WFC. The following is the trade information, including IB commissions:
22-Aug-08 - Initial Stock Position - BTO 100 WFC @ 29.20
22-Aug-08 - Initial Call Option - STO 1 Sep08 29.00 Call @ 1.65
Stock Investment: $2,920.00
Income Generated: $165.00
Percent Income Generated: 5.65%
Annualized Income Generated: 73.66%
Net Profit If Called: $145.00
Percent Return If Called: 4.97%
Annualized Return If Called: 64.73%
Days Held to Expiration: 28 days
Friday, August 22, 2008
TGT - New Position
A new position was established today on TGT. The following is the trade information, including IB commissions:
22-Aug-08 - Initial Stock Position - BTO 100 TGT @ 52.11
22-Aug-08 - Initial Call Option - STO 1 Sep08 50.00 Call @ 3.24
Stock Investment: $5,211.00
Income Generated: $324.00
Percent Income Generated: 6.22%
Annualized Income Generated: 81.05%
Net Profit If Called: $113.00
Percent Return If Called: 2.17%
Annualized Return If Called: 28.27%
Days Held to Expiration: 28 days
22-Aug-08 - Initial Stock Position - BTO 100 TGT @ 52.11
22-Aug-08 - Initial Call Option - STO 1 Sep08 50.00 Call @ 3.24
Stock Investment: $5,211.00
Income Generated: $324.00
Percent Income Generated: 6.22%
Annualized Income Generated: 81.05%
Net Profit If Called: $113.00
Percent Return If Called: 2.17%
Annualized Return If Called: 28.27%
Days Held to Expiration: 28 days
CYN - New Position
A new position was established today on CYN. The following is the trade information, including IB commissions:
22-Aug-08 - Initial Stock Position - BTO 100 CYN @ 47.50
22-Aug-08 - Initial Call Option - STO 1 Sep08 45.00 Call @ 3.70
Stock Investment: $4,750.00
Income Generated: $370.00
Percent Income Generated: 7.79%
Annualized Income Generated: 101.54%
Net Profit If Called: $120.00
Percent Return If Called: 2.53%
Annualized Return If Called: 32.93%
Days Held to Expiration: 28 days
22-Aug-08 - Initial Stock Position - BTO 100 CYN @ 47.50
22-Aug-08 - Initial Call Option - STO 1 Sep08 45.00 Call @ 3.70
Stock Investment: $4,750.00
Income Generated: $370.00
Percent Income Generated: 7.79%
Annualized Income Generated: 101.54%
Net Profit If Called: $120.00
Percent Return If Called: 2.53%
Annualized Return If Called: 32.93%
Days Held to Expiration: 28 days
AXP - New Position
A new position was established today on AXP. The following is the trade information, including IB commissions:
22-Aug-08 - Initial Stock Position - BTO 100 AXP @ 37.99
22-Aug-08 - Initial Call Option - STO 1 Sep08 37.5 Call @ 2.05
Stock Investment: $3,799.00
Income Generated: $205.00
Percent Income Generated: 5.40%
Annualized Income Generated: 70.34%
Net Profit If Called: $156.00
Percent Return If Called: 4.11%
Annualized Return If Called: 53.53%
Days Held to Expiration: 28 days
22-Aug-08 - Initial Stock Position - BTO 100 AXP @ 37.99
22-Aug-08 - Initial Call Option - STO 1 Sep08 37.5 Call @ 2.05
Stock Investment: $3,799.00
Income Generated: $205.00
Percent Income Generated: 5.40%
Annualized Income Generated: 70.34%
Net Profit If Called: $156.00
Percent Return If Called: 4.11%
Annualized Return If Called: 53.53%
Days Held to Expiration: 28 days
WFMI - Adjustment
The following adjustment was made today on WFMI:
22-Aug-08 - Interim Trade - STO 2 Oct08 21.00 Call @ 0.43 -
Current Position Summary:
Stock Investment: $8,563.00
Income Generated: $1,712.20
Percent Income Generated: 20.00%
Annualized Income Generated: 13.44%
Net Profit If Called: -$2,650.80
Percent Return If Called: -30.96%
Annualized Return If Called: -20.81%
Days Held to Expiration: 543 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 WFMI @ 47.19 - VICC
23-Apr-07 - Initial Call Option - STO 1 May07 50.00 Call @ 0.83 - Expired
21-May-07 - Interim Trade - STO 1 Jul07 45.00 Call @ 0.24 - Closed
21-Jun-07 - Buy Back and Roll Out - BTC 1 Jul07 45.00 Call @ -0.03 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 WFMI @ 38.44 -
21-Jun-07 - Combined Cost Basis - $8,563.00 200 @ 42.82 -
21-Jun-07 - Continued Trade - STO 2 Aug07 45.00 Call @ 0.29 - Expired
24-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.18 -
20-Aug-07 - Continued Trade - STO 2 Sep07 50.00 Call @ 0.20 - Expired
24-Sep-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 0.16 - Expired
22-Oct-07 - Continued Trade - STO 2 Dec07 50.00 Call @ 2.64 - Expired
14-Jan-08 - Continued Trade - STO 2 May08 45.00 Call @ 1.45 - Closed
22-Jan-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
22-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
28-Apr-08 - Buy Back & Roll Down - BTC 2 May08 45.00 Call @ -0.06 -
28-Apr-08 - Interim Trade - STO 2 May08 34.00 Call @ 0.53 - Expired
22-May-08 - Interim Trade - STO 2 Jul08 31.00 Call @ 0.54 - Expired
22-Jul-08 - Interim Trade - STO 2 Aug08 24.00 Call @ 0.89 - Expired
22-Aug-08 - Interim Trade - STO 2 Oct08 21.00 Call @ 0.43 -
22-Aug-08 - Interim Trade - STO 2 Oct08 21.00 Call @ 0.43 -
Current Position Summary:
Stock Investment: $8,563.00
Income Generated: $1,712.20
Percent Income Generated: 20.00%
Annualized Income Generated: 13.44%
Net Profit If Called: -$2,650.80
Percent Return If Called: -30.96%
Annualized Return If Called: -20.81%
Days Held to Expiration: 543 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 WFMI @ 47.19 - VICC
23-Apr-07 - Initial Call Option - STO 1 May07 50.00 Call @ 0.83 - Expired
21-May-07 - Interim Trade - STO 1 Jul07 45.00 Call @ 0.24 - Closed
21-Jun-07 - Buy Back and Roll Out - BTC 1 Jul07 45.00 Call @ -0.03 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 WFMI @ 38.44 -
21-Jun-07 - Combined Cost Basis - $8,563.00 200 @ 42.82 -
21-Jun-07 - Continued Trade - STO 2 Aug07 45.00 Call @ 0.29 - Expired
24-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.18 -
20-Aug-07 - Continued Trade - STO 2 Sep07 50.00 Call @ 0.20 - Expired
24-Sep-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 0.16 - Expired
22-Oct-07 - Continued Trade - STO 2 Dec07 50.00 Call @ 2.64 - Expired
14-Jan-08 - Continued Trade - STO 2 May08 45.00 Call @ 1.45 - Closed
22-Jan-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
22-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
28-Apr-08 - Buy Back & Roll Down - BTC 2 May08 45.00 Call @ -0.06 -
28-Apr-08 - Interim Trade - STO 2 May08 34.00 Call @ 0.53 - Expired
22-May-08 - Interim Trade - STO 2 Jul08 31.00 Call @ 0.54 - Expired
22-Jul-08 - Interim Trade - STO 2 Aug08 24.00 Call @ 0.89 - Expired
22-Aug-08 - Interim Trade - STO 2 Oct08 21.00 Call @ 0.43 -
UTX - Adjustment
The following adjustment was made today on UTX:
22-Aug-08 - Interim Trade - STO 1 Sep08 70.00 Call @ 0.35 -
Current Position Summary:
Stock Investment: $7,524.00
Income Generated: $330.00
Percent Income Generated: 4.39%
Annualized Income Generated: 11.43%
Net Profit If Called: -$194.00
Percent Return If Called: -2.58%
Annualized Return If Called: -6.72%
Days Held to Expiration: 140 days
Trade History:
02-May-08 - Initial Stock Position - BTO 100 UTX @ 75.24 -
02-May-08 - Initial Call Option - STO 1 Jun08 75.00 Call @ 2.37 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.32 -
07-Jul-08 - Interim Trade - STO 1 Aug08 70.00 Call @ 0.26 - Expired
22-Aug-08 - Interim Trade - STO 1 Sep08 70.00 Call @ 0.35 -
22-Aug-08 - Interim Trade - STO 1 Sep08 70.00 Call @ 0.35 -
Current Position Summary:
Stock Investment: $7,524.00
Income Generated: $330.00
Percent Income Generated: 4.39%
Annualized Income Generated: 11.43%
Net Profit If Called: -$194.00
Percent Return If Called: -2.58%
Annualized Return If Called: -6.72%
Days Held to Expiration: 140 days
Trade History:
02-May-08 - Initial Stock Position - BTO 100 UTX @ 75.24 -
02-May-08 - Initial Call Option - STO 1 Jun08 75.00 Call @ 2.37 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.32 -
07-Jul-08 - Interim Trade - STO 1 Aug08 70.00 Call @ 0.26 - Expired
22-Aug-08 - Interim Trade - STO 1 Sep08 70.00 Call @ 0.35 -
USB - Adjustment
The following adjustment was made today on USB:
22-Aug-08 - Interim Trade - STO 1 Sep08 32.50 Call @ 0.59 - Expired
Current Position Summary:
Stock Investment: $3,494.00
Income Generated: $223.50
Percent Income Generated: 6.40%
Annualized Income Generated: 16.33%
Net Profit If Called: -$20.50
Percent Return If Called: -0.59%
Annualized Return If Called: -1.50%
Days Held to Expiration: 143
Trade History:
25-Mar-08 - Initial Stock Position - BTO 100 USB @ 34.94 -
25-Mar-08 - Initial Call Option - STO 1 May08 35.00 Call @ 1.39 - Expired
15-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 0.28 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 32.50 Call @ 0.14 - Expired
15-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-Aug-08 - Interim Trade - STO 1 Sep08 32.50 Call @ 0.59 -
22-Aug-08 - Interim Trade - STO 1 Sep08 32.50 Call @ 0.59 - Expired
Current Position Summary:
Stock Investment: $3,494.00
Income Generated: $223.50
Percent Income Generated: 6.40%
Annualized Income Generated: 16.33%
Net Profit If Called: -$20.50
Percent Return If Called: -0.59%
Annualized Return If Called: -1.50%
Days Held to Expiration: 143
Trade History:
25-Mar-08 - Initial Stock Position - BTO 100 USB @ 34.94 -
25-Mar-08 - Initial Call Option - STO 1 May08 35.00 Call @ 1.39 - Expired
15-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 0.28 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 32.50 Call @ 0.14 - Expired
15-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.43 -
22-Aug-08 - Interim Trade - STO 1 Sep08 32.50 Call @ 0.59 -
MHP - Adjustment
The following adjustment was made today on MHP:
22-Aug-08 - Continued Trade - STO 1 Sep08 45.00 Call @ 0.51 -
Current Position Summary:
Stock Investment: $4,527.00
Income Generated: $271.00
Percent Income Generated: 5.99%
Annualized Income Generated: 17.76%
Net Profit If Called: $244.00
Percent Return If Called: 5.39%
Annualized Return If Called: 15.99%
Days Held to Expiration: 123 days
Trade History:
19-May-08 - Initial Stock Position - BTO 100 MHP @ 45.27 -
19-May-08 - Initial Call Option - STO 1 Jun08 45.00 Call @ 1.64 - Expired
11-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
07-Jul-08 - Continued Trade - STO 1 Aug08 45.00 Call @ 0.34 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 45.00 Call @ 0.51 -
22-Aug-08 - Continued Trade - STO 1 Sep08 45.00 Call @ 0.51 -
Current Position Summary:
Stock Investment: $4,527.00
Income Generated: $271.00
Percent Income Generated: 5.99%
Annualized Income Generated: 17.76%
Net Profit If Called: $244.00
Percent Return If Called: 5.39%
Annualized Return If Called: 15.99%
Days Held to Expiration: 123 days
Trade History:
19-May-08 - Initial Stock Position - BTO 100 MHP @ 45.27 -
19-May-08 - Initial Call Option - STO 1 Jun08 45.00 Call @ 1.64 - Expired
11-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
07-Jul-08 - Continued Trade - STO 1 Aug08 45.00 Call @ 0.34 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 45.00 Call @ 0.51 -
LLY - Adjustment
The following adjustment was made today on LLY:
22-Aug-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 0.32 -
Current Position Summary:
Stock Investment: $4,971.00
Income Generated: $237.00
Percent Income Generated: 4.77%
Annualized Income Generated: 12.43%
Net Profit If Called: $266.00
Percent Return If Called: 5.35%
Annualized Return If Called: 13.95%
Days Held to Expiration: 140 days
Trade History:
02-May-08 - Initial Stock Position - BTO 100 LLY @ 49.71 -
02-May-08 - Initial Call Option - STO 1 Jun08 50.00 Call @ 1.29 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
07-Jul-08 - Continued Trade - STO 1 Aug08 50.00 Call @ 0.29 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 0.32 -
22-Aug-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 0.32 -
Current Position Summary:
Stock Investment: $4,971.00
Income Generated: $237.00
Percent Income Generated: 4.77%
Annualized Income Generated: 12.43%
Net Profit If Called: $266.00
Percent Return If Called: 5.35%
Annualized Return If Called: 13.95%
Days Held to Expiration: 140 days
Trade History:
02-May-08 - Initial Stock Position - BTO 100 LLY @ 49.71 -
02-May-08 - Initial Call Option - STO 1 Jun08 50.00 Call @ 1.29 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
07-Jul-08 - Continued Trade - STO 1 Aug08 50.00 Call @ 0.29 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 0.32 -
FTEK - Adjustment
The following adjustment was made today on FTEK:
22-Aug-08 - Interim Trade - STO 1 Sep08 22.50 Call @ 0.64 -
Current Position Summary:
Stock Investment: $2,839.00
Income Generated: $262.00
Percent Income Generated: 9.23%
Annualized Income Generated: 7.35%
Net Profit If Called: -$327.00
Percent Return If Called: -11.52%
Annualized Return If Called: -9.18%
Days Held to Expiration: 458 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 FTEK @ 28.39 -
19-Jun-07 - Initial Call Option - STO 1 Dec07 30.00 Call @ 3.29 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb08 25.00 Call @ 0.34 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 22.50 Call @ 0.44 - Expired
25-Mar-08 - Interim Trade - STO 1 May08 22.50 Call @ 0.74 - Closed
29-Apr-08 - Buy Back & Roll Out/Up - BTC 1 May08 22.50 Call @ -3.91 -
29-Apr-08 - Continued Trade - STO 1 Jun08 30.00 Call @ 0.69 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 22.50 Call @ 0.39 - Expired
22-Aug-08 - Interim Trade - STO 1 Sep08 22.50 Call @ 0.64 -
22-Aug-08 - Interim Trade - STO 1 Sep08 22.50 Call @ 0.64 -
Current Position Summary:
Stock Investment: $2,839.00
Income Generated: $262.00
Percent Income Generated: 9.23%
Annualized Income Generated: 7.35%
Net Profit If Called: -$327.00
Percent Return If Called: -11.52%
Annualized Return If Called: -9.18%
Days Held to Expiration: 458 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 FTEK @ 28.39 -
19-Jun-07 - Initial Call Option - STO 1 Dec07 30.00 Call @ 3.29 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb08 25.00 Call @ 0.34 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 22.50 Call @ 0.44 - Expired
25-Mar-08 - Interim Trade - STO 1 May08 22.50 Call @ 0.74 - Closed
29-Apr-08 - Buy Back & Roll Out/Up - BTC 1 May08 22.50 Call @ -3.91 -
29-Apr-08 - Continued Trade - STO 1 Jun08 30.00 Call @ 0.69 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 22.50 Call @ 0.39 - Expired
22-Aug-08 - Interim Trade - STO 1 Sep08 22.50 Call @ 0.64 -
BJS Position #2 - Adjustment
The following adjustments were made today on BJS Position #2:
22-Aug-08 - Continued Trade - STO 1 Oct08 30.00 Call @ 0.78 -
Current Position Summary:
Stock Investment: $3,229.00
Income Generated: $886.95
Percent Income Generated: 27.47%
Annualized Income Generated: 10.64%
Net Profit If Called: $657.95
Percent Return If Called: 20.38%
Annualized Return If Called: 7.90%
Days Held to Expiration: 942 days
Trade History:
20-Mar-06 - Initial Stock Position - BTO 100 BJS @ 32.29 -
20-Mar-06 - Continued Trade - STO 1 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 100 Dividend @ 0.05 -
24-Jul-06 - Interim Trade - STO 1 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 100 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 1 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 1 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 1 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 1 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 1 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 1 Dec07 27.50 Call @ 0.55 - Expired
11-Jan-08 - Dividend Received - DIV 100 Dividend @ 0.05 -
14-Jan-08 - Interim Trade - STO 1 Apr08 27.50 Call @ 0.64 - Closed
14-Apr-08 - Buy Back & Roll Out/Up - BTC 1 Apr08 27.50 Call @ -1.71 -
14-Apr-08 - Interim Trade - STO 1 Jul08 30.00 Call @ 1.84 - Expired
15-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.05 -
15-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.05 -
23-Jul-08 - Continued Trade - STO 1 Aug08 32.50 Call @ 1.14 - Expired
22-Aug-08 - Continued Trade - STO 1 Oct08 30.00 Call @ 0.78 -
22-Aug-08 - Continued Trade - STO 1 Oct08 30.00 Call @ 0.78 -
Current Position Summary:
Stock Investment: $3,229.00
Income Generated: $886.95
Percent Income Generated: 27.47%
Annualized Income Generated: 10.64%
Net Profit If Called: $657.95
Percent Return If Called: 20.38%
Annualized Return If Called: 7.90%
Days Held to Expiration: 942 days
Trade History:
20-Mar-06 - Initial Stock Position - BTO 100 BJS @ 32.29 -
20-Mar-06 - Continued Trade - STO 1 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 100 Dividend @ 0.05 -
24-Jul-06 - Interim Trade - STO 1 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 100 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 1 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 1 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 1 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 1 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 1 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 1 Dec07 27.50 Call @ 0.55 - Expired
11-Jan-08 - Dividend Received - DIV 100 Dividend @ 0.05 -
14-Jan-08 - Interim Trade - STO 1 Apr08 27.50 Call @ 0.64 - Closed
14-Apr-08 - Buy Back & Roll Out/Up - BTC 1 Apr08 27.50 Call @ -1.71 -
14-Apr-08 - Interim Trade - STO 1 Jul08 30.00 Call @ 1.84 - Expired
15-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.05 -
15-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.05 -
23-Jul-08 - Continued Trade - STO 1 Aug08 32.50 Call @ 1.14 - Expired
22-Aug-08 - Continued Trade - STO 1 Oct08 30.00 Call @ 0.78 -
BJS Position #1 - Adjustment
The following adjustments were made today on BJS Position #1:
22-Aug-08 - Continued Trade - STO 2 Oct08 32.50 Call @ 0.31 -
Current Position Summary:
Stock Investment: $8,009.00
Income Generated: $1,922.60
Percent Income Generated: 24.01%
Annualized Income Generated: 8.80%
Net Profit If Called: $413.60
Percent Return If Called: 5.16%
Annualized Return If Called: 1.89%
Days Held to Expiration: 996 days
Trade History:
25-Jan-06 - Initial Stock Position - BTO 200 BJS @ 40.05 -
25-Jan-06 - Initial Call Option - STO 2 Feb06 40.00 Call @ 1.54 - Expired
21-Feb-06 - Continued Trade - STO 2 Apr06 40.00 Call @ 0.49 - Closed
20-Mar-06 - Buy Back - BTC 2 Apr06 40.00 Call @ -0.11 -
20-Mar-06 - Continued Trade - STO 2 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 200 Dividend @ 0.05 -
24-Jul-06 - Interim Trade - STO 2 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 200 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 2 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 2 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 2 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 2 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 2 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 2 Dec07 27.50 Call @ 0.55 - Expired
11-Jan-08 - Dividend Received - DIV 200 Dividend @ 0.05 -
14-Jan-08 - Interim Trade - STO 2 Apr08 27.50 Call @ 0.64 - Closed
14-Apr-08 - Buy Back & Roll Out/Up - BTC 2 Apr08 27.50 Call @ -1.71 -
14-Apr-08 - Interim Trade - STO 2 Jul08 30.00 Call @ 1.84 - Expired
15-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.05 -
15-Jul-08 - Dividend Received - DIV 200 Dividend @ 0.05 -
23-Jul-08 - Continued Trade - STO 2 Aug08 35.00 Call @ 0.42 - Expired
22-Aug-08 - Continued Trade - STO 2 Oct08 32.50 Call @ 0.31 -
22-Aug-08 - Continued Trade - STO 2 Oct08 32.50 Call @ 0.31 -
Current Position Summary:
Stock Investment: $8,009.00
Income Generated: $1,922.60
Percent Income Generated: 24.01%
Annualized Income Generated: 8.80%
Net Profit If Called: $413.60
Percent Return If Called: 5.16%
Annualized Return If Called: 1.89%
Days Held to Expiration: 996 days
Trade History:
25-Jan-06 - Initial Stock Position - BTO 200 BJS @ 40.05 -
25-Jan-06 - Initial Call Option - STO 2 Feb06 40.00 Call @ 1.54 - Expired
21-Feb-06 - Continued Trade - STO 2 Apr06 40.00 Call @ 0.49 - Closed
20-Mar-06 - Buy Back - BTC 2 Apr06 40.00 Call @ -0.11 -
20-Mar-06 - Continued Trade - STO 2 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 200 Dividend @ 0.05 -
24-Jul-06 - Interim Trade - STO 2 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 200 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 2 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 2 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 2 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 2 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 2 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 200 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 2 Dec07 27.50 Call @ 0.55 - Expired
11-Jan-08 - Dividend Received - DIV 200 Dividend @ 0.05 -
14-Jan-08 - Interim Trade - STO 2 Apr08 27.50 Call @ 0.64 - Closed
14-Apr-08 - Buy Back & Roll Out/Up - BTC 2 Apr08 27.50 Call @ -1.71 -
14-Apr-08 - Interim Trade - STO 2 Jul08 30.00 Call @ 1.84 - Expired
15-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.05 -
15-Jul-08 - Dividend Received - DIV 200 Dividend @ 0.05 -
23-Jul-08 - Continued Trade - STO 2 Aug08 35.00 Call @ 0.42 - Expired
22-Aug-08 - Continued Trade - STO 2 Oct08 32.50 Call @ 0.31 -
AXP - Adjustment
The following adjustment was made today on AXP:
22-Aug-08 - Interim Trade - STO 1 Sep08 42.50 Call @ 0.28 -
Current Position Summary:
Stock Investment: $5,674.00
Income Generated: $916.00
Percent Income Generated: 16.14%
Annualized Income Generated: 19.91%
Net Profit If Called: -$508.00
Percent Return If Called: -8.95%
Annualized Return If Called: -11.04%
Days Held to Expiration: 296 days
Trade History:
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 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb08 55.00 Call @ 0.69 - Expired
08-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
21-Feb-08 - Interim Trade - STO 1 Apr08 50.00 Call @ 0.89 - Expired
25-Apr-08 - Interim Trade - STO 1 May08 50.00 Call @ 0.30 - Expired
09-May-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
19-May-08 - Interim Trade - STO 1 Jul08 50.00 Call @ 2.65 - Expired
23-Jul-08 - Interim Trade - STO 1 Aug08 42.50 Call @ 0.60 - Expired
08-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
22-Aug-08 - Interim Trade - STO 1 Sep08 42.50 Call @ 0.28 -
22-Aug-08 - Interim Trade - STO 1 Sep08 42.50 Call @ 0.28 -
Current Position Summary:
Stock Investment: $5,674.00
Income Generated: $916.00
Percent Income Generated: 16.14%
Annualized Income Generated: 19.91%
Net Profit If Called: -$508.00
Percent Return If Called: -8.95%
Annualized Return If Called: -11.04%
Days Held to Expiration: 296 days
Trade History:
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 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb08 55.00 Call @ 0.69 - Expired
08-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
21-Feb-08 - Interim Trade - STO 1 Apr08 50.00 Call @ 0.89 - Expired
25-Apr-08 - Interim Trade - STO 1 May08 50.00 Call @ 0.30 - Expired
09-May-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
19-May-08 - Interim Trade - STO 1 Jul08 50.00 Call @ 2.65 - Expired
23-Jul-08 - Interim Trade - STO 1 Aug08 42.50 Call @ 0.60 - Expired
08-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
22-Aug-08 - Interim Trade - STO 1 Sep08 42.50 Call @ 0.28 -
Monday, August 18, 2008
MTB - New Position
A new dividend position was established today on MTB. The following is the trade information, including IB commissions:
18-Aug-08 - Initial Stock Position - BTO 100 MTB @ 71.55
18-Aug-08 - Initial Call Option - STO 1 Sep08 70.00 Call @ 4.60
30-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.70
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $7,155.00
Income Generated: $460.00
Percent Income Generated: 6.43%
Annualized Income Generated: 243.66%
Net Profit If Called: $305.00
Percent Return If Called: 4.26%
Annualized Return If Called: 155.59%
Days Held to Ex-Dividend Date: 10 days
Summary with the dividend if called at option expiration:
Stock Investment: $7,155.00
Income Generated: $530.00
Percent Income Generated: 7.41.%
Annualized Income Generated: 84.49%
Net Profit If Called: $375.00
Percent Return If Called: 5.24%
Annualized Return If Called: 59.78%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 08/28/08
Dividend Pay Date: 9/30/08
Dividend Rate: $2.80
Dividend Yield on Cost: 3.91%
18-Aug-08 - Initial Stock Position - BTO 100 MTB @ 71.55
18-Aug-08 - Initial Call Option - STO 1 Sep08 70.00 Call @ 4.60
30-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.70
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $7,155.00
Income Generated: $460.00
Percent Income Generated: 6.43%
Annualized Income Generated: 243.66%
Net Profit If Called: $305.00
Percent Return If Called: 4.26%
Annualized Return If Called: 155.59%
Days Held to Ex-Dividend Date: 10 days
Summary with the dividend if called at option expiration:
Stock Investment: $7,155.00
Income Generated: $530.00
Percent Income Generated: 7.41.%
Annualized Income Generated: 84.49%
Net Profit If Called: $375.00
Percent Return If Called: 5.24%
Annualized Return If Called: 59.78%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 08/28/08
Dividend Pay Date: 9/30/08
Dividend Rate: $2.80
Dividend Yield on Cost: 3.91%
CNI - New Position
A new dividend position was established today on CNI. The following is the trade information, including IB commissions:
18-Aug-08 - Initial Stock Position - BTO 100 CNI @ 50.79
18-Aug-08 - Initial Call Option - STO 1 Sep08 50.00 Call @ 2.27
29-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.23
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $5,079.00
Income Generated: $227.00
Percent Income Generated: 4.47%
Annualized Income Generated: 90.63%
Net Profit If Called: $148.00
Percent Return If Called: 2.91%
Annualized Return If Called: 59.09%
Days Held to Ex-Dividend Date: 18 days
Summary with the dividend if called at option expiration:
Stock Investment: $5,079.00
Income Generated: $250.00
Percent Income Generated: 4.92%
Annualized Income Generated: 56.12%
Net Profit If Called: $171.00
Percent Return If Called: 3.37%
Annualized Return If Called: 38.40%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 09/05/08 (approx.)
Dividend Pay Date: 09/29/08 (approx.)
Dividend Rate: $0.90
Dividend Yield on Cost: 1.77%
18-Aug-08 - Initial Stock Position - BTO 100 CNI @ 50.79
18-Aug-08 - Initial Call Option - STO 1 Sep08 50.00 Call @ 2.27
29-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.23
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $5,079.00
Income Generated: $227.00
Percent Income Generated: 4.47%
Annualized Income Generated: 90.63%
Net Profit If Called: $148.00
Percent Return If Called: 2.91%
Annualized Return If Called: 59.09%
Days Held to Ex-Dividend Date: 18 days
Summary with the dividend if called at option expiration:
Stock Investment: $5,079.00
Income Generated: $250.00
Percent Income Generated: 4.92%
Annualized Income Generated: 56.12%
Net Profit If Called: $171.00
Percent Return If Called: 3.37%
Annualized Return If Called: 38.40%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 09/05/08 (approx.)
Dividend Pay Date: 09/29/08 (approx.)
Dividend Rate: $0.90
Dividend Yield on Cost: 1.77%
BHP - New Position
A new dividend position was established today on BHP. The following is the trade information, including IB commissions:
18-Aug-08 - Initial Stock Position - BTO 100 BHP @ 65.11
18-Aug-08 - Initial Call Option - STO 1 Sep08 65.00 Call @ 3.00
29-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.58
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $6,511.00
Income Generated: $300.00
Percent Income Generated: 4.61%
Annualized Income Generated: 67.27%
Net Profit If Called: $289.00
Percent Return If Called: 4.44%
Annualized Return If Called: 64.80%
Days Held to Ex-Dividend Date: 25 days
Summary with the dividend if called at option expiration:
Stock Investment: $6,511.00
Income Generated: $358.00
Percent Income Generated: 5.50%
Annualized Income Generated: 62.72%
Net Profit If Called: $347.00
Percent Return If Called: 5.33%
Annualized Return If Called: 60.79%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 09/12/08 (approx.)
Dividend Pay Date: 09/29/08 (approx.)
Dividend Rate: $1.16
Dividend Yield on Cost: 1.78%
18-Aug-08 - Initial Stock Position - BTO 100 BHP @ 65.11
18-Aug-08 - Initial Call Option - STO 1 Sep08 65.00 Call @ 3.00
29-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.58
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $6,511.00
Income Generated: $300.00
Percent Income Generated: 4.61%
Annualized Income Generated: 67.27%
Net Profit If Called: $289.00
Percent Return If Called: 4.44%
Annualized Return If Called: 64.80%
Days Held to Ex-Dividend Date: 25 days
Summary with the dividend if called at option expiration:
Stock Investment: $6,511.00
Income Generated: $358.00
Percent Income Generated: 5.50%
Annualized Income Generated: 62.72%
Net Profit If Called: $347.00
Percent Return If Called: 5.33%
Annualized Return If Called: 60.79%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 09/12/08 (approx.)
Dividend Pay Date: 09/29/08 (approx.)
Dividend Rate: $1.16
Dividend Yield on Cost: 1.78%
BAC - New Position
A new dividend position was established today on BAC. The following is the trade information, including IB commissions:
18-Aug-08 - Initial Stock Position - BTO 100 BAC @ 29.37
18-Aug-08 - Initial Call Option - STO 1 Sep08 30.00 Call @ 1.49
26-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.64
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $2,937.00
Income Generated: $149.00
Percent Income Generated: 5.07%
Annualized Income Generated: 115.73%
Net Profit If Called: $212.00
Percent Return If Called: 7.22%
Annualized Return If Called: 164.67%
Days Held to Ex-Dividend Date: 16 days
Summary with the dividend if called at option expiration:
Stock Investment: $2,937.00
Income Generated: $213.00
Percent Income Generated: 7.25%
Annualized Income Generated: 82.72%
Net Profit If Called: $276.00
Percent Return If Called: 9.40%
Annualized Return If Called: 107.19%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 09/03/08
Dividend Pay Date: 09/26/08
Dividend Rate: $2.56
Dividend Yield on Cost: 8.72%
18-Aug-08 - Initial Stock Position - BTO 100 BAC @ 29.37
18-Aug-08 - Initial Call Option - STO 1 Sep08 30.00 Call @ 1.49
26-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.64
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $2,937.00
Income Generated: $149.00
Percent Income Generated: 5.07%
Annualized Income Generated: 115.73%
Net Profit If Called: $212.00
Percent Return If Called: 7.22%
Annualized Return If Called: 164.67%
Days Held to Ex-Dividend Date: 16 days
Summary with the dividend if called at option expiration:
Stock Investment: $2,937.00
Income Generated: $213.00
Percent Income Generated: 7.25%
Annualized Income Generated: 82.72%
Net Profit If Called: $276.00
Percent Return If Called: 9.40%
Annualized Return If Called: 107.19%
Days Held to Expiration: 32 days
Dividend Information:
Ex-Dividend Date: 09/03/08
Dividend Pay Date: 09/26/08
Dividend Rate: $2.56
Dividend Yield on Cost: 8.72%
Saturday, August 16, 2008
VMC - Closed
The VMC Aug08 60.00 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: $6,300.00
Income Generated: $580.00
Percent Income Generated: 9.21%
Annualized Income Generated: 152.74%
Net Profit If Called: $280.00
Percent Return If Called: 4.44%
Annualized Return If Called: 73.74%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $63.00
Closing Price: $74.70
P/L per Share: $11.70
Shares: 100
Dividends: $0.00
Net Profit: $1,170.00
Percent Return: 18.57%
Annualized Return: 308.12%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 VMC @ 63.00 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 60.00 Call @ 5.80 - Exercised
16-Aug-08 - Option Exercised - EX 1 Aug08 60.00 Call @ 60.00 -
a profit. The following is the trade history and returns, including IB
commissions.
Covered Call Results
Stock Investment: $6,300.00
Income Generated: $580.00
Percent Income Generated: 9.21%
Annualized Income Generated: 152.74%
Net Profit If Called: $280.00
Percent Return If Called: 4.44%
Annualized Return If Called: 73.74%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $63.00
Closing Price: $74.70
P/L per Share: $11.70
Shares: 100
Dividends: $0.00
Net Profit: $1,170.00
Percent Return: 18.57%
Annualized Return: 308.12%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 VMC @ 63.00 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 60.00 Call @ 5.80 - Exercised
16-Aug-08 - Option Exercised - EX 1 Aug08 60.00 Call @ 60.00 -
TGT - Closed
The TGT Aug08 45.00 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: $4,611.00
Income Generated: $255.00
Percent Income Generated: 5.53%
Annualized Income Generated: 91.75%
Net Profit If Called: $144.00
Percent Return If Called: 3.12%
Annualized Return If Called: 51.81%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $46.11
Closing Price: $51.39
P/L per Share: $5.28
Shares: 100
Dividends: $0.00
Net Profit: $528.00
Percent Return: 11.45%
Annualized Return: 189.98%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 TGT @ 46.11 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 45.00 Call @ 2.55 - Exercised
16-Aug-08 - Option Exercised - EX 1 Aug08 45.00 Call @ 45.00 -
a profit. The following is the trade history and returns, including IB
commissions.
Covered Call Results
Stock Investment: $4,611.00
Income Generated: $255.00
Percent Income Generated: 5.53%
Annualized Income Generated: 91.75%
Net Profit If Called: $144.00
Percent Return If Called: 3.12%
Annualized Return If Called: 51.81%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $46.11
Closing Price: $51.39
P/L per Share: $5.28
Shares: 100
Dividends: $0.00
Net Profit: $528.00
Percent Return: 11.45%
Annualized Return: 189.98%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 TGT @ 46.11 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 45.00 Call @ 2.55 - Exercised
16-Aug-08 - Option Exercised - EX 1 Aug08 45.00 Call @ 45.00 -
NTES - Closed
The NTES Aug08 25.00 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.
This is an example of a stock, held for about 2.5 years, where the stock price
was essentially unchanged. Yet again, through selling covered calls, I was able
to make a profit of over 43% or almost 18% annualized.
Covered Call Results
Stock Investment: $9,694.00
Income Generated: $3,877.00
Percent Income Generated: 39.99%
Annualized Income Generated: 16.61%
Net Profit If Called: $4,183.00
Percent Return If Called: 43.15%
Annualized Return If Called: 17.92%
Days Held to Expiration: 879 days
Buy & Hold Comparison
Opening Price: $24.22
Closing Price: $25.43
P/L per Share: $1.19
Shares: 100
Dividends: $0.00
Net Profit: $119.00
Percent Return: 4.91%
Annualized Return: 2.04%
Duration of Trade: 879 days
Trade History:
20-Mar-06 - Initial Stock Position - BTO 100 NTES @ 96.94 - 4-1 Split
20-Mar-06 - Initial Call Option - STO 1 Jun06 85.00 Call @ 15.29 - 4-1 Split
28-Mar-06 - Split Stock Position - SPLT 400 NTES @ 24.24 -
28-Mar-06 - Split Call Option - SPLT 4 Jun06 21.25 Call @ 3.82 - Expired
26-Jun-06 - Continued Trade - STO 4 Jan07 22.50 Call @ 3.19 - Closed
23-Oct-06 - Buy Back & Roll Out/Down - BTC 4 Jan07 22.50 Call @ -0.16 -
23-Oct-06 - Continued Trade - STO 4 Jan07 18.75 Call @ 0.69 - Closed
17-Jan-07 - Buy Back & Roll Out/Up - BTC 4 Jan07 18.75 Call @ -0.41 -
17-Jan-07 - Continued Trade - STO 4 Mar07 20.00 Call @ 0.99 - Expired
19-Mar-07 - Interim Trade - STO 4 Apr07 20.00 Call @ 0.19 - Expired
23-Apr-07 - Interim Trade - STO 4 May07 20.00 Call @ 0.19 - Expired
21-May-07 - Interim Trade - STO 4 Jun07 20.00 Call @ 0.34 - Expired
19-Jun-07 - Interim Trade - STO 4 Sep07 20.00 Call @ 0.32 - Expired
24-Sep-07 - Continued Trade - STO 4 Dec07 20.00 Call @ 0.67 - Expired
24-Jan-08 - Continued Trade - STO 4 Mar08 20.00 Call @ 0.74 - Expired
25-Mar-08 - Continued Trade - STO 4 May08 20.00 Call @ 0.48 - Closed
29-Apr-08 - Buy Back & Roll Out/Up - BTC 4 May08 20.00 Call @ -2.52 -
29-Apr-08 - Continued Trade - STO 4 Jun08 25.00 Call @ 0.68 - Expired
07-Jul-08 - Continued Trade - STO 4 Aug08 25.00 Call @ 0.44 - Exercised
16-Aug-08 - Option Exercised - EX 4 Aug08 25.00 Call @ 25.00 -
a profit. The following is the trade history and returns, including IB
commissions.
This is an example of a stock, held for about 2.5 years, where the stock price
was essentially unchanged. Yet again, through selling covered calls, I was able
to make a profit of over 43% or almost 18% annualized.
Covered Call Results
Stock Investment: $9,694.00
Income Generated: $3,877.00
Percent Income Generated: 39.99%
Annualized Income Generated: 16.61%
Net Profit If Called: $4,183.00
Percent Return If Called: 43.15%
Annualized Return If Called: 17.92%
Days Held to Expiration: 879 days
Buy & Hold Comparison
Opening Price: $24.22
Closing Price: $25.43
P/L per Share: $1.19
Shares: 100
Dividends: $0.00
Net Profit: $119.00
Percent Return: 4.91%
Annualized Return: 2.04%
Duration of Trade: 879 days
Trade History:
20-Mar-06 - Initial Stock Position - BTO 100 NTES @ 96.94 - 4-1 Split
20-Mar-06 - Initial Call Option - STO 1 Jun06 85.00 Call @ 15.29 - 4-1 Split
28-Mar-06 - Split Stock Position - SPLT 400 NTES @ 24.24 -
28-Mar-06 - Split Call Option - SPLT 4 Jun06 21.25 Call @ 3.82 - Expired
26-Jun-06 - Continued Trade - STO 4 Jan07 22.50 Call @ 3.19 - Closed
23-Oct-06 - Buy Back & Roll Out/Down - BTC 4 Jan07 22.50 Call @ -0.16 -
23-Oct-06 - Continued Trade - STO 4 Jan07 18.75 Call @ 0.69 - Closed
17-Jan-07 - Buy Back & Roll Out/Up - BTC 4 Jan07 18.75 Call @ -0.41 -
17-Jan-07 - Continued Trade - STO 4 Mar07 20.00 Call @ 0.99 - Expired
19-Mar-07 - Interim Trade - STO 4 Apr07 20.00 Call @ 0.19 - Expired
23-Apr-07 - Interim Trade - STO 4 May07 20.00 Call @ 0.19 - Expired
21-May-07 - Interim Trade - STO 4 Jun07 20.00 Call @ 0.34 - Expired
19-Jun-07 - Interim Trade - STO 4 Sep07 20.00 Call @ 0.32 - Expired
24-Sep-07 - Continued Trade - STO 4 Dec07 20.00 Call @ 0.67 - Expired
24-Jan-08 - Continued Trade - STO 4 Mar08 20.00 Call @ 0.74 - Expired
25-Mar-08 - Continued Trade - STO 4 May08 20.00 Call @ 0.48 - Closed
29-Apr-08 - Buy Back & Roll Out/Up - BTC 4 May08 20.00 Call @ -2.52 -
29-Apr-08 - Continued Trade - STO 4 Jun08 25.00 Call @ 0.68 - Expired
07-Jul-08 - Continued Trade - STO 4 Aug08 25.00 Call @ 0.44 - Exercised
16-Aug-08 - Option Exercised - EX 4 Aug08 25.00 Call @ 25.00 -
LM - Closed
The LM Aug08 35.00 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: $3,840.00
Income Generated: $449.00
Percent Income Generated: 11.69%
Annualized Income Generated: 251.05%
Net Profit If Called: $109.00
Percent Return If Called: 2.84%
Annualized Return If Called: 60.95%
Days Held to Expiration: 17 days
Buy & Hold Comparison
Opening Price: $38.40
Closing Price: $43.76
P/L per Share: $5.35
Shares: 100
Dividends: $0.00
Net Profit: $535.00
Percent Return: 13.93%
Annualized Return: 299.13%
Duration of Trade: 17 days
Trade History:
29-Jul-08 - Initial Stock Position - BTO 100 LM @ 38.40 -
29-Jul-08 - Initial Call Option - STO 1 Aug08 35.00 Call @ 4.49 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 35.00 Call @ 35.00 -
a profit. The following is the trade history and returns, including IB
commissions.
Covered Call Results
Stock Investment: $3,840.00
Income Generated: $449.00
Percent Income Generated: 11.69%
Annualized Income Generated: 251.05%
Net Profit If Called: $109.00
Percent Return If Called: 2.84%
Annualized Return If Called: 60.95%
Days Held to Expiration: 17 days
Buy & Hold Comparison
Opening Price: $38.40
Closing Price: $43.76
P/L per Share: $5.35
Shares: 100
Dividends: $0.00
Net Profit: $535.00
Percent Return: 13.93%
Annualized Return: 299.13%
Duration of Trade: 17 days
Trade History:
29-Jul-08 - Initial Stock Position - BTO 100 LM @ 38.40 -
29-Jul-08 - Initial Call Option - STO 1 Aug08 35.00 Call @ 4.49 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 35.00 Call @ 35.00 -
KSS - Closed
The KSS Aug08 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.
This is an example of a stock, held for almost 1 year, where the stock priced
declined by 9%. Yet, through selling covered calls, I was able to make a profit
and return over 9% or 10% annualized. That's double the return of buy & hold.
Covered Call Results
Stock Investment: $5,690.00
Income Generated: $1,214.25
Percent Income Generated: 21.34%
Annualized Income Generated: 24.11%
Net Profit If Called: $524.25
Percent Return If Called: 9.21%
Annualized Return If Called: 10.41%
Days Held to Expiration: 323 days
Buy & Hold Comparison
Opening Price: $56.90
Closing Price: $51.78
P/L per Share: -$5.12
Shares: 100
Dividends: $0.00
Net Profit: -$512.00
Percent Return: -9.00%
Annualized Return: -10.17%
Duration of Trade: 323 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 - Expired
10-Jan-08 - Continued Trade - STO 1 Apr08 50.00 Call @ 0.99 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 50.00 Call @ 0.81 - Expired
19-May-08 - Continued Trade - STO 1 Jun08 50.00 Call @ 1.48 - Expired
07-Jul-08 - Continued Trade - STO 1 Aug08 50.00 Call @ 0.73 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 50.00 Call @ 50.00 -
a profit. The following is the trade history and returns, including IB
commissions.
This is an example of a stock, held for almost 1 year, where the stock priced
declined by 9%. Yet, through selling covered calls, I was able to make a profit
and return over 9% or 10% annualized. That's double the return of buy & hold.
Covered Call Results
Stock Investment: $5,690.00
Income Generated: $1,214.25
Percent Income Generated: 21.34%
Annualized Income Generated: 24.11%
Net Profit If Called: $524.25
Percent Return If Called: 9.21%
Annualized Return If Called: 10.41%
Days Held to Expiration: 323 days
Buy & Hold Comparison
Opening Price: $56.90
Closing Price: $51.78
P/L per Share: -$5.12
Shares: 100
Dividends: $0.00
Net Profit: -$512.00
Percent Return: -9.00%
Annualized Return: -10.17%
Duration of Trade: 323 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 - Expired
10-Jan-08 - Continued Trade - STO 1 Apr08 50.00 Call @ 0.99 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 50.00 Call @ 0.81 - Expired
19-May-08 - Continued Trade - STO 1 Jun08 50.00 Call @ 1.48 - Expired
07-Jul-08 - Continued Trade - STO 1 Aug08 50.00 Call @ 0.73 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 50.00 Call @ 50.00 -
CCL - Closed
The CCL Aug08 37.50 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: $3,867.00
Income Generated: $255.00
Percent Income Generated: 6.59%
Annualized Income Generated: 109.40%
Net Profit If Called: $138.00
Percent Return If Called: 3.57%
Annualized Return If Called: 59.21%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $38.67
Closing Price: $39.46
P/L per Share: $0.79
Shares: 100
Dividends: $0.00
Net Profit: $79.00
Percent Return: 2.02%
Annualized Return: 33.46%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 CCL @ 38.67 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 37.50 Call @ 2.55 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 37.50 Call @ 37.50 -
a profit. The following is the trade history and returns, including IB
commissions.
Covered Call Results
Stock Investment: $3,867.00
Income Generated: $255.00
Percent Income Generated: 6.59%
Annualized Income Generated: 109.40%
Net Profit If Called: $138.00
Percent Return If Called: 3.57%
Annualized Return If Called: 59.21%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $38.67
Closing Price: $39.46
P/L per Share: $0.79
Shares: 100
Dividends: $0.00
Net Profit: $79.00
Percent Return: 2.02%
Annualized Return: 33.46%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 CCL @ 38.67 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 37.50 Call @ 2.55 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 37.50 Call @ 37.50 -
BBT - Closed
The BBT Aug08 27.50 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: $2,833.00
Income Generated: $222.00
Percent Income Generated: 7.84%
Annualized Income Generated: 130.01%
Net Profit If Called: $139.00
Percent Return If Called: 4.91%
Annualized Return If Called: 81.40%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $28.33
Closing Price: $30.08
P/L per Share: $1.75
Shares: 100
Dividends: $0.00
Net Profit: $175.00
Percent Return: 6.18%
Annualized Return: 102.49%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 BBT @ 28.33 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 27.50 Call @ 2.22 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 27.50 Call @ 27.50 -
a profit. The following is the trade history and returns, including IB
commissions.
Covered Call Results
Stock Investment: $2,833.00
Income Generated: $222.00
Percent Income Generated: 7.84%
Annualized Income Generated: 130.01%
Net Profit If Called: $139.00
Percent Return If Called: 4.91%
Annualized Return If Called: 81.40%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $28.33
Closing Price: $30.08
P/L per Share: $1.75
Shares: 100
Dividends: $0.00
Net Profit: $175.00
Percent Return: 6.18%
Annualized Return: 102.49%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 BBT @ 28.33 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 27.50 Call @ 2.22 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 27.50 Call @ 27.50 -
AXP - Closed
The AXP Aug08 37.50 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: $3,804.00
Income Generated: $210.00
Percent Income Generated: 5.52%
Annualized Income Generated: 91.59%
Net Profit If Called: $156.00
Percent Return If Called: 4.10%
Annualized Return If Called: 68.04%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $38.04
Closing Price: $39.06
P/L per Share: $1.02
Shares: 100
Dividends: $0.00
Net Profit: $102.00
Percent Return: 2.68%
Annualized Return: 44.49%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 AXP @ 38.04 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 37.50 Call @ 2.10 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 37.50 Call @ 37.50 -
a profit. The following is the trade history and returns, including IB
commissions.
Covered Call Results
Stock Investment: $3,804.00
Income Generated: $210.00
Percent Income Generated: 5.52%
Annualized Income Generated: 91.59%
Net Profit If Called: $156.00
Percent Return If Called: 4.10%
Annualized Return If Called: 68.04%
Days Held to Expiration: 22 days
Buy & Hold Comparison
Opening Price: $38.04
Closing Price: $39.06
P/L per Share: $1.02
Shares: 100
Dividends: $0.00
Net Profit: $102.00
Percent Return: 2.68%
Annualized Return: 44.49%
Duration of Trade: 22 days
Trade History:
24-Jul-08 - Initial Stock Position - BTO 100 AXP @ 38.04 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 37.50 Call @ 2.10 - Exercised
15-Aug-08 - Option Exercised - EX 1 Aug08 37.50 Call @ 37.50 -
Friday, August 15, 2008
UPS - Adjustment
The following adjustment was made today on UPS:
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 65.00 Call @ -1.53 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 -
17-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
The UPS Aug08 65.00 call was ITM so I rolled it out to Sep08 65.00 call. I'll
also collect a dividend on Sep 17th.
Current Position Summary:
Stock Investment: $7,193.00
Income Generated: $726.00
Percent Income Generated: 10.09%
Annualized Income Generated: 7.20%
Net Profit If Called: $33.00
Percent Return If Called: 0.46%
Annualized Return If Called: 0.33%
Days Held to Expiration: 512 days
Trade History:
26-Apr-07 - Initial Stock Position - BTO 100 UPS @ 71.93 - VICC
26-Apr-07 - Continued Trade - STO 1 May07 75.00 Call @ 0.10 - Expired
21-May-07 - Continued Trade - STO 1 Jul07 75.00 Call @ 0.39 - Closed
05-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.42 -
18-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 75.00 Call @ -0.56 -
18-Jul-07 - Continued Trade - STO 1 Oct07 80.00 Call @ 0.89 -
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35 - Expired
10-Jan-08 - Continued Trade - STO 1 Apr08 75.00 Call @ 1.31 - Expired
04-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Apr-08 - Continued Trade - STO 1 Jun08 75.00 Call @ 0.94 - Expired
03-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.56 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 65.00 Call @ -1.53 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 -
17-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 65.00 Call @ -1.53 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 -
17-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
The UPS Aug08 65.00 call was ITM so I rolled it out to Sep08 65.00 call. I'll
also collect a dividend on Sep 17th.
Current Position Summary:
Stock Investment: $7,193.00
Income Generated: $726.00
Percent Income Generated: 10.09%
Annualized Income Generated: 7.20%
Net Profit If Called: $33.00
Percent Return If Called: 0.46%
Annualized Return If Called: 0.33%
Days Held to Expiration: 512 days
Trade History:
26-Apr-07 - Initial Stock Position - BTO 100 UPS @ 71.93 - VICC
26-Apr-07 - Continued Trade - STO 1 May07 75.00 Call @ 0.10 - Expired
21-May-07 - Continued Trade - STO 1 Jul07 75.00 Call @ 0.39 - Closed
05-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.42 -
18-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 75.00 Call @ -0.56 -
18-Jul-07 - Continued Trade - STO 1 Oct07 80.00 Call @ 0.89 -
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35 - Expired
10-Jan-08 - Continued Trade - STO 1 Apr08 75.00 Call @ 1.31 - Expired
04-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Apr-08 - Continued Trade - STO 1 Jun08 75.00 Call @ 0.94 - Expired
03-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.56 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 65.00 Call @ -1.53 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 -
17-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
MCO Position #2 - Adjustment
The following adjustments were made today on MCO Position #2:
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 40.00 Call @ -0.26 -
15-Aug-08 - Interim Trade - STO 1 Sep08 40.00 Call @ 2.00 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
The MCO Aug08 40.00 was ITM so I rolled out to the Sep08 40.00 to avoid
assignment. I'll also collect a dividend on Sep 10th.
Current Position Summary:
Stock Investment: $4,408.00
Income Generated: $546.80
Percent Income Generated: 12.40%
Annualized Income Generated: 13.72%
Net Profit If Called: $138.80
Percent Return If Called: 3.15%
Annualized Return If Called: 3.48%
Days Held to Expiration: 330 days
Trade History:
25-Oct-07 - Initial Stock Position - BTO 100 MCO @ 44.08 -
25-Oct-07 - Continued Trade - STO 1 Dec07 55.00 Call @ 0.29 - Expired
10-Dec-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
24-Jan-08 - Interim Trade - STO 1 Feb08 40.00 Call @ 0.89 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 45.00 Call @ 0.24 - Expired
10-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
25-Mar-08 - Interim Trade - STO 1 May08 45.00 Call @ 0.54 - Expired
16-May-08 - Buy Back & Roll Out/Up - BTC 1 May08 45.00 Call @ -0.11 -
22-May-08 - Interim Trade - STO 1 Jul08 40.00 Call @ 0.94 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
30-Jul-08 - Interim Trade - STO 1 Aug08 40.00 Call @ 0.54 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 40.00 Call @ -0.26 -
15-Aug-08 - Interim Trade - STO 1 Sep08 40.00 Call @ 2.00 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 40.00 Call @ -0.26 -
15-Aug-08 - Interim Trade - STO 1 Sep08 40.00 Call @ 2.00 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
The MCO Aug08 40.00 was ITM so I rolled out to the Sep08 40.00 to avoid
assignment. I'll also collect a dividend on Sep 10th.
Current Position Summary:
Stock Investment: $4,408.00
Income Generated: $546.80
Percent Income Generated: 12.40%
Annualized Income Generated: 13.72%
Net Profit If Called: $138.80
Percent Return If Called: 3.15%
Annualized Return If Called: 3.48%
Days Held to Expiration: 330 days
Trade History:
25-Oct-07 - Initial Stock Position - BTO 100 MCO @ 44.08 -
25-Oct-07 - Continued Trade - STO 1 Dec07 55.00 Call @ 0.29 - Expired
10-Dec-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
24-Jan-08 - Interim Trade - STO 1 Feb08 40.00 Call @ 0.89 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 45.00 Call @ 0.24 - Expired
10-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
25-Mar-08 - Interim Trade - STO 1 May08 45.00 Call @ 0.54 - Expired
16-May-08 - Buy Back & Roll Out/Up - BTC 1 May08 45.00 Call @ -0.11 -
22-May-08 - Interim Trade - STO 1 Jul08 40.00 Call @ 0.94 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
30-Jul-08 - Interim Trade - STO 1 Aug08 40.00 Call @ 0.54 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 40.00 Call @ -0.26 -
15-Aug-08 - Interim Trade - STO 1 Sep08 40.00 Call @ 2.00 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.10 -
DHI Position #3 - Adjustment
The following adjustments were made today on DHI Position #3:
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 12.50 Call @ -0.04 -
15-Aug-08 - Interim Trade - STO 1 Sep08 12.50 Call @ 0.77 -
28-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.08 -
The DHI Aug08 12.50 call was close to being ITM, and since I was going to be
unavailable in the afternoon, I decide to roll it out to Sep08 12.50 to avoid
a potential assignment. I'll also collect a dividend on Aug 28th.
Current Position Summary:
Stock Investment: $2,070.00
Income Generated: $522.95
Percent Income Generated: 25.26%
Annualized Income Generated: 11.72%
Net Profit If Called: -$297.05
Percent Return If Called: -14.35%
Annualized Return If Called: -6.66%
Days Held to Expiration: 787
Trade History:
25-Jul-06 - Third Stock Position - BTO 100 DHI @ 20.70 -
25-Jul-06 - Third Call Option - STO 1 Jan07 25.00 Call @ 0.99 - Closed
01-Nov-06 - Dividend Received - DIV 100 Dividend @ 0.15 -
19-Dec-06 - Buy Back & Roll Up - BTC 1 Jan07 25.00 Call @ -2.36 -
19-Dec-06 - Continued Trade - STO 1 Jan08 30.00 Call @ 2.74 - Expired
09-Feb-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
18-May-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
27-Aug-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
16-Nov-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
24-Jan-08 - Interim Trade - STO 1 Feb08 15.00 Call @ 0.69 - Closed
20-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.15 -
21-Feb-08 - Interim Trade - STO 1 Mar08 17.50 Call @ 0.39 - Expired
25-Mar-08 - Interim Trade - STO 1 May08 20.00 Call @ 0.39 - Expired
22-May-08 - Interim Trade - STO 1 Jul08 17.50 Call @ 0.16 - Expired
29-May-08 - Dividend Received - DIV 100 Dividend @ 0.08 -
22-Jul-08 - Interim Trade - STO 1 Aug08 12.50 Call @ 0.43 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 12.50 Call @ -0.04 -
15-Aug-08 - Interim Trade - STO 1 Sep08 12.50 Call @ 0.77 -
28-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.08 -
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 12.50 Call @ -0.04 -
15-Aug-08 - Interim Trade - STO 1 Sep08 12.50 Call @ 0.77 -
28-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.08 -
The DHI Aug08 12.50 call was close to being ITM, and since I was going to be
unavailable in the afternoon, I decide to roll it out to Sep08 12.50 to avoid
a potential assignment. I'll also collect a dividend on Aug 28th.
Current Position Summary:
Stock Investment: $2,070.00
Income Generated: $522.95
Percent Income Generated: 25.26%
Annualized Income Generated: 11.72%
Net Profit If Called: -$297.05
Percent Return If Called: -14.35%
Annualized Return If Called: -6.66%
Days Held to Expiration: 787
Trade History:
25-Jul-06 - Third Stock Position - BTO 100 DHI @ 20.70 -
25-Jul-06 - Third Call Option - STO 1 Jan07 25.00 Call @ 0.99 - Closed
01-Nov-06 - Dividend Received - DIV 100 Dividend @ 0.15 -
19-Dec-06 - Buy Back & Roll Up - BTC 1 Jan07 25.00 Call @ -2.36 -
19-Dec-06 - Continued Trade - STO 1 Jan08 30.00 Call @ 2.74 - Expired
09-Feb-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
18-May-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
27-Aug-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
16-Nov-07 - Dividend Received - DIV 100 Dividend @ 0.15 -
24-Jan-08 - Interim Trade - STO 1 Feb08 15.00 Call @ 0.69 - Closed
20-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.15 -
21-Feb-08 - Interim Trade - STO 1 Mar08 17.50 Call @ 0.39 - Expired
25-Mar-08 - Interim Trade - STO 1 May08 20.00 Call @ 0.39 - Expired
22-May-08 - Interim Trade - STO 1 Jul08 17.50 Call @ 0.16 - Expired
29-May-08 - Dividend Received - DIV 100 Dividend @ 0.08 -
22-Jul-08 - Interim Trade - STO 1 Aug08 12.50 Call @ 0.43 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 12.50 Call @ -0.04 -
15-Aug-08 - Interim Trade - STO 1 Sep08 12.50 Call @ 0.77 -
28-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.08 -
Wednesday, August 13, 2008
VMC - Adjustment
The following adjustment was made today on VMC:
14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
14-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
The Aug08 65.00 Call was deep ITM with had less than .10 time value left so I rolled out/up to the Nov08 70.00 Call to avoid assignment. I'll also collect a dividend on Sep 10th.
Current Position Summary:
Stock Investment: $8,394.00
Income Generated: $722.00
Percent Income Generated: 8.60%
Annualized Income Generated: 16.88%
Net Profit If Called: -$672.00
Percent Return If Called: -8.01%
Annualized Return If Called: -15.71%
Days Held to Expiration: 186
Trade History:
19-May-08 - Initial Stock Position - BTO 100 VMC @ 83.94 -
19-May-08 - Initial Call Option - STO 1 Jun08 85.00 Call @ 3.09 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.85 - Closed
14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
14-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
14-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
The Aug08 65.00 Call was deep ITM with had less than .10 time value left so I rolled out/up to the Nov08 70.00 Call to avoid assignment. I'll also collect a dividend on Sep 10th.
Current Position Summary:
Stock Investment: $8,394.00
Income Generated: $722.00
Percent Income Generated: 8.60%
Annualized Income Generated: 16.88%
Net Profit If Called: -$672.00
Percent Return If Called: -8.01%
Annualized Return If Called: -15.71%
Days Held to Expiration: 186
Trade History:
19-May-08 - Initial Stock Position - BTO 100 VMC @ 83.94 -
19-May-08 - Initial Call Option - STO 1 Jun08 85.00 Call @ 3.09 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.85 - Closed
14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
14-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 -
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
Monday, August 11, 2008
BBT - Adjustment
The following adjustment was made today on BBT:
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 -
01-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -
The Aug08 27.50 call was deep ITM with less than $0.05 cents time value left so I decided to average down and roll out/up to a Dec08 32.50 call to avoid assignment. This allowed me to roll out/up for a net credit and will also double the dividend income I'll receive on Nov 1st.
Current Position Summary:
Stock Investment: $6.671.00
Income Generated: $900.00
Percent Income Generated: 13.49%
Annualized Income Generated: 18.31%
Net Profit If Called: $729.00
Percent Return If Called: 10.93%
Annualized Return If Called: 14.83%
Days Held to Expiration: 269 days
Trade History:
25-Mar-08 - Initial Stock Position - BTO 100 BBT @ 35.26 -
25-Mar-08 - Initial Call Option - STO 1 Apr08 35.00 Call @ 1.68 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 35.00 Call @ 0.67 - Expired
01-May-08 - Dividend Received - DIV 100 Dividend @ 0.46 -
19-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 1.47 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 27.50 Call @ 0.35 - Closed
01-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 -
01-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 -
01-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -
The Aug08 27.50 call was deep ITM with less than $0.05 cents time value left so I decided to average down and roll out/up to a Dec08 32.50 call to avoid assignment. This allowed me to roll out/up for a net credit and will also double the dividend income I'll receive on Nov 1st.
Current Position Summary:
Stock Investment: $6.671.00
Income Generated: $900.00
Percent Income Generated: 13.49%
Annualized Income Generated: 18.31%
Net Profit If Called: $729.00
Percent Return If Called: 10.93%
Annualized Return If Called: 14.83%
Days Held to Expiration: 269 days
Trade History:
25-Mar-08 - Initial Stock Position - BTO 100 BBT @ 35.26 -
25-Mar-08 - Initial Call Option - STO 1 Apr08 35.00 Call @ 1.68 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 35.00 Call @ 0.67 - Expired
01-May-08 - Dividend Received - DIV 100 Dividend @ 0.46 -
19-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 1.47 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 27.50 Call @ 0.35 - Closed
01-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 -
01-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -
Tuesday, August 5, 2008
CCL - Adjustment
The following adjustment was made today on CCL:
05-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 35.00 Call @ -5.11 -
05-Aug-08 - Dollar Cost Averaging - BTO 100 CCL @ 39.89 -
05-Aug-08 - Combined Cost Basis - $8,125.00 200 @ 40.63 -
05-Aug-08 - Continued Trade - STO 2 Oct08 40.00 Call @ 3.15 -
12-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
The Aug08 35.00 call was deep ITM with less than .15 time value so I decided to roll out/up to avoid assignment. This is a case of an interim trade gone bad (i.e where the strike price is below the cost basis of the stock, which would result in a loss if called). The stock price is now two strikes above the 35.00 call. It was originally sold at $0.79 and now had to be bought back at $5.11, for an $4.32 loss on the call option.
However, this is not as bad as it looks. There's a way to recover from this situation and be able to roll out/up for a net credit, by averaging down. I only use this technique on companies I'd be willing to hold for the long term and be willing to add to my position. By averaging down another 100 shares, I not only lowered my original cost basis in the stock but I was able to sell two call options. So, instead of having to find one call option at $5.11 or more to replace the one I bought back, I only needed to find a call option at $2.55 or more, since I was selling two of them. The Oct 40.00, which is ATM, was sold for $3.15, more than enough to net a credit on the roll. Also, CCL ex-dividend date is coming up on 8/20, with a pay date of 9/12, so I'll receive twice the dividend income before Oct expiration.
So, even though the interim trade went bad, I was able to recover from it and will end up with a small profit if I allow CCL to be called in Oct.
Current Position Summary:
Stock Investment: $8,125.00
Income Generated: $456.60
Percent Income Generated: 5.62%
Annualized Income Generated: 12.21%
Net Profit If Called: $331.60
Percent Return If Called: 4.08%
Annualized Return If Called: 8.87%
Days Held to Expiration: 168
Trade History:
02-May-08 - Initial Stock Position - BTO 100 CCL @ 41.36 -
02-May-08 - Initial Call Option - STO 1 Jun08 42.50 Call @ 1.38 - Expired
13-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.40 -
07-Jul-08 - Interim Trade - STO 1 Aug08 35.00 Call @ 0.79 - Closed
05-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 35.00 Call @ -5.11 -
05-Aug-08 - Dollar Cost Averaging - BTO 100 CCL @ 39.89 -
05-Aug-08 - Combined Cost Basis - $8,125.00 200 @ 40.63 -
05-Aug-08 - Continued Trade - STO 2 Oct08 40.00 Call @ 3.15 -
12-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
05-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 35.00 Call @ -5.11 -
05-Aug-08 - Dollar Cost Averaging - BTO 100 CCL @ 39.89 -
05-Aug-08 - Combined Cost Basis - $8,125.00 200 @ 40.63 -
05-Aug-08 - Continued Trade - STO 2 Oct08 40.00 Call @ 3.15 -
12-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
The Aug08 35.00 call was deep ITM with less than .15 time value so I decided to roll out/up to avoid assignment. This is a case of an interim trade gone bad (i.e where the strike price is below the cost basis of the stock, which would result in a loss if called). The stock price is now two strikes above the 35.00 call. It was originally sold at $0.79 and now had to be bought back at $5.11, for an $4.32 loss on the call option.
However, this is not as bad as it looks. There's a way to recover from this situation and be able to roll out/up for a net credit, by averaging down. I only use this technique on companies I'd be willing to hold for the long term and be willing to add to my position. By averaging down another 100 shares, I not only lowered my original cost basis in the stock but I was able to sell two call options. So, instead of having to find one call option at $5.11 or more to replace the one I bought back, I only needed to find a call option at $2.55 or more, since I was selling two of them. The Oct 40.00, which is ATM, was sold for $3.15, more than enough to net a credit on the roll. Also, CCL ex-dividend date is coming up on 8/20, with a pay date of 9/12, so I'll receive twice the dividend income before Oct expiration.
So, even though the interim trade went bad, I was able to recover from it and will end up with a small profit if I allow CCL to be called in Oct.
Current Position Summary:
Stock Investment: $8,125.00
Income Generated: $456.60
Percent Income Generated: 5.62%
Annualized Income Generated: 12.21%
Net Profit If Called: $331.60
Percent Return If Called: 4.08%
Annualized Return If Called: 8.87%
Days Held to Expiration: 168
Trade History:
02-May-08 - Initial Stock Position - BTO 100 CCL @ 41.36 -
02-May-08 - Initial Call Option - STO 1 Jun08 42.50 Call @ 1.38 - Expired
13-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.40 -
07-Jul-08 - Interim Trade - STO 1 Aug08 35.00 Call @ 0.79 - Closed
05-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 35.00 Call @ -5.11 -
05-Aug-08 - Dollar Cost Averaging - BTO 100 CCL @ 39.89 -
05-Aug-08 - Combined Cost Basis - $8,125.00 200 @ 40.63 -
05-Aug-08 - Continued Trade - STO 2 Oct08 40.00 Call @ 3.15 -
12-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
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