TLT - Closed

The TLT position was closed today for a profit since it already produced about 80% of the expected return. By closing early I gave back $64 in profit but increased the annualized return. I was also able to establish a new position in TLT for Dec expiration which brought in an additional $200 for the month. So the net gain from this move is about $136.00.

The following is the trade history and returns, including IB commissions.

Covered Call Results

Stock Investment: $10,192.00
Income Generated: $229.50
Net Profit: $273.50
Percent Return: 2.68%
Annualized Return: 65.30%
Duration of Trade: 15 days

Trade History:

24-Nov-08 - Initial Stock Position - BTO 100 TLT @ 101.92 - Closed
24-Nov-08 - Initial Call Option - STO 1 Dec08 103.00 Call @ 1.94 - Closed
05-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.36 -
09-Dec-08 - Closed Call Option - BTC 1 Dec08 103.00 Call @ -8.31 -
09-Dec-08 - Closed Stock Position - STC 1 @ 110.67 -