Saturday, August 29, 2009

UTX - Closed

The United Technologies (UTX) CC position was exercised early on Wed 8/18 and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

Trade Results

Stock Investment: $5,577.00
Income Generated: $590.30
Net Profit: $13.30
Percent Return: 0.24%
Annualized Return: 12.44%
Duration of Trade: 7 days

Trade History:

11-Aug-09 - Second Stock Position - BTO 100 UTX @ 55.77 -
11-Aug-09 - Initial Call Option - STO 1 Sep09 50.00 Call @ 5.90 - Exercised
18-Aug-09 - Option Exercised - EX 1 Sep09 50.00 Call @ 50.00 -

Actually, this was a second position in UTX that was averaged down before I left for vacation. Both calls were exercised early. I decided to let this one go since it resulted in a profit, but I'll re-enter the original position by selling a cash secured put at the same strike that was called.