BJS - Adjustment

The following adjustments were made Friday on BJ Services (BJS):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 12.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 100 BJS @ -12.50 -
17-Jul-09 - CSP Margin Used - CSP 300 BJS @ 12.50 -
17-Jul-09 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
17-Jul-09 - Continued Trade - STO 3 Aug09 12.50 Put @ 0.33 -
17-Jul-09 - Option Exercised - EX 2 Jul09 12.50 Call @ 12.50 -

This one is a bit complicated since I had short 2 calls and 1 short put. As you might recall, last month 100 shares were called away early at $12.50, so I re-entered by selling a Jul09 12.50 Put. This month the other 200 shares, which I had sold 2 Jul09 12.50 Calls, were called away. Actually, I allowed them to be called this time so I can convert this position into all puts, which was slightly more profitable than rolling the calls to avoid assignment.

So, in anticipation of being called on 200 shares, I bought back the Jul09 12.50 Put and sold 3 Aug09 50 Puts for a net credit of $93.90. This did not increase my cost basis, since I freed up $1,250 in margin ($12.50*100), then used $3,750 in margin ($12.50*300), and received $2,500 from the sale of the 200 shares that were called away.

Current Position Summary:

Stock Investment: $11,238.00
Income Generated: $3,583.95
Percent Income Generated: 31.89%
Annualized Income Generated: 8.92%
Net Profit If Expired: -$3,904.05
Percent Return If Expired: -34.74%
Annualized Return If Expired: -9.72%
Days Held to Expiration: 1305 days

Trade History:

25-Jan-06 - Initial Stock Position - BTO 200 BJS @ 40.05 - Called
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 - Second Stock Position - BTO 100 BJS @ 32.29 - Called
20-Mar-06 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
20-Mar-06 - Continued Trade - STO 3 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 300 Dividend @ 0.05 -
24-Jul-06 - Interim Trade - STO 3 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 300 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 3 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 3 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 3 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 3 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 3 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 3 Dec07 27.50 Call @ 0.55 - Expired
11-Jan-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
14-Jan-08 - Interim Trade - STO 3 Apr08 27.50 Call @ 0.64 - Closed
14-Apr-08 - Buy Back & Roll Out/Up - BTC 3 Apr08 27.50 Call @ -1.71 -
14-Apr-08 - Interim Trade - STO 3 Jul08 30.00 Call @ 1.84 - Expired
15-Apr-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
15-Jul-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
23-Jul-08 - Continued Trade - STO 2 Aug08 35.00 Call @ 0.42 - Expired
23-Jul-08 - Continued Trade - STO 1 Aug08 32.50 Call @ 1.14 - Expired
22-Aug-08 - Continued Trade - STO 2 Oct08 32.50 Call @ 0.31 - Expired
22-Aug-08 - Continued Trade - STO 1 Oct08 30.00 Call @ 0.78 - Expired
14-Oct-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
20-Oct-08 - Interim Trade - STO 3 Nov08 17.50 Call @ 0.29 - Expired
24-Nov-08 - Interim Trade - STO 3 Jan09 15.00 Call @ 0.24 - Expired
13-Jan-09 - Dividend Received - DIV 300 Dividend @ 0.05 -
22-Jan-09 - Interim Trade - STO 3 Mar09 12.50 Call @ 0.59 - Expired
24-Mar-09 - Interim Trade - STO 3 May09 12.50 Call @ 0.46 - Closed
15-Apr-09 - Dividend Received - DIV 300 Dividend @ 0.05 -
04-May-09 - Buy Back and Roll Out - BTC 3 May09 12.50 Call @ -2.71 -
04-May-09 - Interim Trade - STO 3 Jun09 12.50 Call @ 2.94 - Closed
11-Jun-09 - Option Exercised - EX 1 Jun09 12.50 Call @ 12.50 - Partial Exercise
12-Jun-09 - Cash to Secure Put - CSP 100 BJS @ 12.50 -
12-Jun-09 - Initial Put Position - STO 1 Jul09 12.50 Put @ 0.20 -
18-Jun-09 - Buy Back and Roll Out - BTC 2 Jun09 12.50 Call @ -1.66 -
12-Jun-09 - CSP Margin Used - CSP 100 BJS @ 12.50 - Closed
12-Jun-09 - Initial Put Position - STO 1 Jul09 12.50 Put @ 0.20 - Closed
18-Jun-09 - Buy Back and Roll Out - BTC 2 Jun09 12.50 Call @ -1.66 -
18-Jun-09 - Interim Trade - STO 2 Jul09 12.50 Call @ 1.95 - Exercised
15-Jul-09 - Dividend Received - DIV 200 Dividend @ 0.05 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 12.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 100 BJS @ -12.50 -
17-Jul-09 - CSP Margin Used - CSP 300 BJS @ 12.50 -
17-Jul-09 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
17-Jul-09 - Continued Trade - STO 3 Aug09 12.50 Put @ 0.33 -
17-Jul-09 - Option Exercised - EX 2 Jul09 12.50 Call @ 12.50 -