The following adjustment was made today on Pacific Sunwear (PSUN). All prices include IB commissions.
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 10/8/2009 | PSUN | Interim Trade | STO 4 Mar10 7.50 Call @ 0.44 | $177.20 |
PSUN is my second oldest position and not one of my better stock picks. I bought this back in 2005, before I switched to a value investing approach, at a price near it's historical high. I averaged down once when it originally started to decline, and then watched it drop about 95% to a low around $1.25, making this my worst investment to date. It got to a point where closing it or holding it just didn't matter, so I'm still holding it. I've recovered about 22% of my original investment so far, and have an annualized income of 5%, which still beats holding cash in a money market account. Will PSUN ever recover? Who knows? But as long as they don't go out of business or get acquired, I'll continue to hold it and squeeze as much option premiun out of it as I can, and look for an opportunity to get out at a decent price.
Current Position Summary
| Stock Investment | $9,108.00 |
| Income Generated | $1,997.00 |
| Percent Income Generated | 21.93% |
| Annualized Income Generated | 5.07% |
| Net Profit If Called | -$4,111.00 |
| Percent Return If Called | -45.14% |
| Annualized Return If Called | -10.43% |
| Days Held to Expiration | 1579 days |
Trade History
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 11/21/2005 | PSUN | Initial Stock Position | BTO 200 PSUN @ 26.39 | ($5,277.00) | ||
| 11/21/2005 | PSUN | Initial Call Option | STO 2 Dec05 25.00 Call @ 1.84 | Expired | $368.50 | |
| 12/20/2005 | PSUN | Continued Trade | STO 2 Jan06 25.00 Call @ 0.69 | Expired | $138.50 | |
| 1/23/2006 | PSUN | Continued Trade | STO 2 Mar06 25.00 Call @ 0.74 | Expired | $148.50 | |
| 3/20/2006 | PSUN | Continued Trade | STO 2 Jun06 25.00 Call @ 0.64 | Expired | $128.50 | |
| 6/26/2006 | PSUN | Second Stock Position | BTO 200 PSUN @ 19.16 | ($3,831.00) | ||
| 6/26/2006 | PSUN | Combined Cost Basis | $9,108.00 400 @ 22.77 | |||
| 6/26/2006 | PSUN | Continued Trade | STO 4 Dec06 22.50 Call @ 0.69 | Closed | $277.00 | |
| 9/18/2006 | PSUN | Buy Back & Roll Out/Down | BTC 4 Dec06 22.50 Call @ -0.16 | ($63.00) | ||
| 9/18/2006 | PSUN | Interim Trade | STO 4 Jan07 17.50 Call @ 0.54 | Closed | $217.00 | |
| 12/18/2006 | PSUN | Buy Back & Roll Out/Up | BTC 4 Jan07 17.50 Call @ -3.01 | ($1,203.00) | ||
| 12/18/2006 | PSUN | Continued Trade | STO 4 Jan09 22.50 Call @ 3.69 | Closed | $1,477.00 | |
| 1/7/2008 | PSUN | Buy Back | BTC 4 Jan09 22.50 Call @ -0.61 | ($242.80) | ||
| 1/24/2008 | PSUN | Interim Trade | STO 4 Jun08 12.50 Call @ 0.74 | Closed | $297.20 | |
| 5/22/2008 | PSUN | Buy Back & Roll Out | BTC 4 Jun08 12.50 Call @ -0.11 | ($42.80) | ||
| 5/22/2008 | PSUN | Interim Trade | STO 4 Jul08 12.50 Call @ 0.23 | Expired | $93.20 | |
| 7/22/2008 | PSUN | Interim Trade | STO 2 Jan09 12.50 Call @ 0.32 | Expired | $64.60 | |
| 7/22/2008 | PSUN | Interim Trade | STO 2 Sep08 10.00 Call @ 0.31 | Closed | $62.60 | |
| 9/12/2008 | PSUN | Buy Back & Roll Out | BTC 2 Sep08 10.00 Call @ -0.04 | ($7.00) | ||
| 9/12/2008 | PSUN | Interim Trade | STO 2 Jan09 10.00 Call @ 0.14 | Expired | $28.60 | |
| 4/21/2009 | PSUN | Interim Trade | STO 4 Jun09 5.00 Call @ 0.19 | Expired | $77.20 | |
| 10/8/2009 | PSUN | Interim Trade | STO 4 Mar10 7.50 Call @ 0.44 | $177.20 | ||
| 3/19/2010 | PSUN | Totals | ($9,108.00) | $1,997.00 | ||
| DTE | 1579 | Percent Income/Annualized | 21.93% | 5.07% |
