Saturday, October 30, 2010

SYK - Dividend




A dividend was received on Stryker Corp (SYK). All prices include IB commissions.


  • Dividend Champions Status = Contender
  • Years of Consecutive Dividend Increases = 17
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 30.56%







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/29/2010SYKDividend ReceivedDIV 100 Dividend @ 0.15  $15.00


Current Position Summary





Cost Basis($5,000.00)
Income Generated$414.78
Percent Income Generated8.30%
Annualized Income Generated16.64%
Net Profit If Assigned$414.78
Percent Return If Assigned8.30%
Annualized Return If Assigned16.64%
Days Held to Expiration182 days


Trade History













DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/21/2010SYKCSP Margin UsedCSP 100 SYK @ 50.00 ($5,000.00) 
5/21/2010SYKInitial Put OptionSTO 1 Sep10 50.00 Put @ 2.55Exercised $254.54
9/17/2010SYKCSP Margin ReturnedCSP 100 SYK @ -50.00 $5,000.00 
9/17/2010SYKStock AssignedEX 1 Sep10 50.00 Put @ -50.00 ($5,000.00) 
9/24/2010SYKContinued TradeSTO 1 Nov10 50.00 Call @ 1.45  $145.24
10/29/2010SYKDividend ReceivedDIV 100 Dividend @ 0.15  $15.00
11/19/2010SYK Totals ($5,000.00)$414.78
DTE182 Percent Income/Annualized 8.30%16.64%

MDT - Dividend




A dividend was received on Medtronic Inc (MDT). All prices include IB commissions.


  • Dividend Champions Status = Champion
  • Years of Consecutive Dividend Increases = 33
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 4.35%







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/29/2010MDTDividend ReceivedDIV 100 Dividend @ 0.23  $22.50


Current Position Summary





Cost Basis($4,400.00)
Income Generated$390.69
Percent Income Generated8.88%
Annualized Income Generated11.79%
Net Profit If Assigned($409.31)
Percent Return If Assigned-9.30%
Annualized Return If Assigned-12.35%
Days Held to Expiration275 days


Trade History


















DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/21/2010MDTCSP Margin UsedCSP 100 MDT @ 44.00 ($4,400.00) 
4/21/2010MDTInitial Put OptionSTO 1 May10 44.00 Put @ 0.94Exercised $94.14
5/21/2010MDTCSP Margin ReturnedCSP 100 MDT @ -44.00 $4,400.00 
5/21/2010MDTStock AssignedEX 1 May10 44.00 Put @ -44.00 ($4,400.00) 
5/21/2010MDTContinued TradeSTO 1 Aug10 44.00 Call @ 1.38Closed $138.24
7/30/2010MDTDividend ReceivedDIV 100 Dividend @ 0.23  $22.50
8/2/2010MDTBuy Back and Roll Out/DownBTC 1 Aug10 44.00 Call @ -0.04  ($3.96)
8/2/2010MDTContinued TradeSTO 1 Nov10 42.00 Call @ 0.44Closed $44.04
8/23/2010MDTBuy BackBTC 1 Nov10 42.00 Call @ -0.13  ($12.76)
9/1/2010MDTInterim TradeSTO 1 Jan11 36.00 Call @ 0.86  $85.99
10/29/2010MDTDividend ReceivedDIV 100 Dividend @ 0.23  $22.50
1/21/2011MDT Totals ($4,400.00)$390.69
DTE275 Percent Income/Annualized 8.88%11.79%

Friday, October 29, 2010

HRB - New Position




A new CSP position was established today on H & R Block (HRB). All prices include IB commissions.


  • Dividend Champions Status = Challenger (Deleted 09/10/10)
  • Years of Consecutive Dividend Increases = 12
  • Years of Positive Free Cash Flow (last 10 years) = 9
  • Discount to Morningstar's Fair Value Estimate = 47.37%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/29/2010HRBCSP Margin UsedCSP 400 HRB @ 10.00 ($4,000.00) 
10/29/2010HRBInitial Put OptionSTO 4 Dec10 10.00 Put @ 0.45  $178.95


Position Summary





Cost Basis($4,000.00)
Income Generated$178.95
Percent Income Generated4.47%
Annualized Income Generated33.32%
Net Profit If Assigned$178.95
Percent Return If Assigned4.47%
Annualized Return If Assigned33.32%
Days Held to Expiration49 days

AVP - New Position




A new CSP position was established today on Avon Products Inc (AVP). All prices include IB commissions.


  • Dividend Champions Status = Contender
  • Years of Consecutive Dividend Increases = 21
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 27.78%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/29/2010AVPCSP Margin UsedCSP 200 AVP @ 26.00 ($5,200.00) 
10/29/2010AVPInitial Put OptionSTO 2 Jan11 26.00 Put @ 0.70  $139.07


Position Summary





Cost Basis($5,200.00)
Income Generated$139.07
Percent Income Generated2.67%
Annualized Income Generated11.62%
Net Profit If Assigned$139.07
Percent Return If Assigned2.67%
Annualized Return If Assigned11.62%
Days Held to Expiration84 days

Wednesday, October 27, 2010

CSX - New Position




A new CSP position was established today on CSX Corporation (CSX). All prices include IB commissions.


  • Dividend Champions Status = Challenger
  • Years of Consecutive Dividend Increases = 6
  • Years of Positive Free Cash Flow (last 10 years) = 6
  • Discount to Morningstar's Fair Value Estimate = 27.08%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/27/2010CSXCSP Margin UsedCSP 100 CSX @ 52.50 ($5,250.00) 
10/27/2010CSXInitial Put OptionSTO 1 Jan11 52.50 Put @ 1.01  $100.99


Position Summary





Cost Basis($5,250.00)
Income Generated$100.99
Percent Income Generated1.92%
Annualized Income Generated8.16%
Net Profit If Assigned$100.99
Percent Return If Assigned1.92%
Annualized Return If Assigned8.16%
Days Held to Expiration86 days

Friday, October 22, 2010

Covered Calls and Cash Secured Puts on the Same Stock




Someone posted the following comment yesterday.

"Is there anything bad about selling CC and CSP for the same stock, at the same time?"

Here's my response:

There's nothing wrong with selling a Covered Call (CC) and Cash Secured Put (CSP) on the same stock, at the same time. Two caveats though 1) you should want to own the stock at both prices and 2) you should be careful not to exceed your asset allocation for a given stock. You can think of selling a CSP as a way to average down if the stock declines. But, as always, the key is company selection. Make sure you only sell CC's and CSP's on companies you'd be happy to own for the long term.

Here's how I use CC's and CSP's.

If the stock is priced at or below my target price, which is anywhere from 20-50% below Morningstar fair value estimate, I'll buy the stock and sell an OTM call (CC). I'll also look to sell a CSP further below my purchase price if I can get a return greater than the yield on 10 Year US Treasuries.

If the stock is priced above my target price, I'll sell a CSP near my target price. If assigned on the CSP I'll sell an OTM call (CC), and look to sell another CSP below my purchase price as above.

I currently have 13 CC's and have sold CSP's on 8 of them, and I have 12 CSP's with no CC position (33 positions in total). I manage each position separately even if assigned on the CSP.

I've added the following data to all of the positions I post here, including new positions and adjustments. I updated all the trade positions I did this week to include this data.


  • Dividend Champions Status =
  • Years of Consecutive Dividend Increases =
  • Years of Positive Free Cash Flow (last 10 years) =
  • Discount to Morningstar's Fair Value Estimate =


The discount to M* fair value is calculated against my cost basis (i.e. purchase price or CSP strike), not the current stock price.

For example, here's the data for the Monsanto CSP I established yesterday.


  • Dividend Champions Status = Contender

  • Years of Consecutive Dividend Increases = 10
  • Years of Positive Free Cash Flow (last 10 years) = 9
  • Discount to Morningstar's Fair Value Estimate = 29.58%


My target buy price is 30% below M* fair value, so I sold a Jan 50 Put, which is close to my target buy price.

If assigned in Jan I'll look to sell a 50 or higher Call, and sell a 45 or lower CSP.

This is the method I developed while on vacation for 5 weeks back in June and I've been using it ever since with good success. Since I'm limiting all of my positions to solid dividend paying companies I also sleep better at night with his strategy.

Thursday, October 21, 2010

TBT - Adjustment




The following adjustment was made on today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2010TBTInterim TradeSTO 2 Nov10 37.00 Call @ 0.27  $54.67


Current Position Summary





Cost Basis($9,200.00)
Income Generated$400.25
Percent Income Generated4.35%
Annualized Income Generated9.02%
Net Profit If Assigned($1,399.75)
Percent Return If Assigned-15.21%
Annualized Return If Assigned-31.55%
Days Held to Expiration176 days


Trade History















DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/22/2010TBTCSP Margin UsedCSP 200 TBT @ 46.00 ($9,200.00) 
4/22/2010TBTInitial Put OptionSTO 2 May10 46.00 Put @ 0.55Closed $110.57
5/21/2010TBTBuy Back and Roll OutBTC 2 May10 46.00 Put @ -7.24  ($1,448.13)
5/21/2010TBTContinued TradeSTO 2 Sep10 46.00 Put @ 8.14Exercised $1,628.57
9/8/2010TBTCSP Margin ReturnedCSP 100 TBT @ -46.00 $4,600.00 
9/8/2010TBTStock AssignedEX 1 Sep10 46.00 Put @ -46.00 ($4,600.00) 
9/9/2010TBTInterim TradeSTO 2 Oct10 37.00 Call @ 0.27Expired $54.57
10/21/2010TBTInterim TradeSTO 2 Nov10 37.00 Call @ 0.27  $54.67
10/15/2010TBT Totals ($9,200.00)$400.25
DTE176 Percent Income/Annualized 4.35%9.02%

NUE - New Position




A new CSP position was established today on Nucor Corporation (NUE). All prices include IB commissions.


  • Dividend Champions Status = Champion
  • Years of Consectutive Dividend Increases = 37
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 42.62%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2010NUECSP Margin UsedCSP 200 NUE @ 35.00 ($7,000.00) 
10/21/2010NUEInitial Put OptionSTO 2 Nov10 35.00 Put @ 0.35  $70.57


Position Summary





Cost Basis($7,000.00)
Income Generated$70.57
Percent Income Generated1.01%
Annualized Income Generated12.69%
Net Profit If Assigned$70.57
Percent Return If Assigned1.01%
Annualized Return If Assigned12.69%
Days Held to Expiration29 days

MON - New Position




A new CSP position was established today on Monsanto Company (MON). All prices include IB commissions.


  • Dividend Champions Status = Contender
  • Years of Consectutive Dividend Increases = 10
  • Years of Positive Free Cash Flow (last 10 years) = 9
  • Discount to Morningstar's Fair Value Estimate = 29.58%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2010MONCSP Margin UsedCSP 100 MON @ 50.00 ($5,000.00) 
10/21/2010MONInitial Put OptionSTO 1 Jan11 50.00 Put @ 1.49  $148.54


Position Summary





Cost Basis($5,000.00)
Income Generated$148.54
Percent Income Generated2.97%
Annualized Income Generated11.79%
Net Profit If Assigned$148.54
Percent Return If Assigned2.97%
Annualized Return If Assigned11.79%
Days Held to Expiration92 days

LLY - New Position




A new CSP position was established today on Eli Lilly (LLY). All prices include IB commissions.


  • Dividend Champions Status = Champion (Deleted 10/18/10)
  • Years of Consectutive Dividend Increases = 42
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 25.00%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2010LLYCSP Margin UsedCSP 200 LLY @ 33.00 ($6,600.00) 
10/21/2010LLYInitial Put OptionSTO 2 Dec10 33.00 Put @ 0.34  $67.71


Position Summary





Cost Basis($6,600.00)
Income Generated$67.71
Percent Income Generated1.03%
Annualized Income Generated6.57%
Net Profit If Assigned$67.71
Percent Return If Assigned1.03%
Annualized Return If Assigned6.57%
Days Held to Expiration57 days

LLTC - New Position




A new CSP position was established today on Linear Technology Corp (LLTC). All prices include IB commissions.


  • Dividend Champions Status = Contender
  • Years of Consectutive Dividend Increases = 18
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 27.78%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/21/2010LLTCCSP Margin UsedCSP 200 LLTC @ 26.00 ($5,200.00) 
10/21/2010LLTCInitial Put OptionSTO 2 Jan11 26.00 Put @ 0.45  $89.47


Position Summary





Cost Basis($5,200.00)
Income Generated$89.47
Percent Income Generated1.72%
Annualized Income Generated6.83%
Net Profit If Assigned$89.47
Percent Return If Assigned1.72%
Annualized Return If Assigned6.83%
Days Held to Expiration92 days

Wednesday, October 20, 2010

LOW - Adjustment




The following adjustment was made today on Lowes Companies Inc (LOW). All prices include IB commissions.

This is the first position on LOW. The second position is a CSP.


  • Dividend Champions Status = Champion
  • Years of Consecutive Dividend Increases = 48
  • Years of Positive Free Cash Flow (last 10 years) = 8
  • Discount to Morningstar's Fair Value Estimate = 33.33%







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/20/2010LOWContinued TradeSTO 2 Jan11 24.00 Call @ 0.34  $68.57


Current Position Summary





Cost Basis($4,800.00)
Income Generated$557.44
Percent Income Generated11.61%
Annualized Income Generated17.30%
Net Profit If Assigned$557.44
Percent Return If Assigned11.61%
Annualized Return If Assigned17.30%
Days Held to Expiration245 days


Trade History












DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/21/2010LOWCSP Margin UsedCSP 200 LOW @ 24.00 ($4,800.00) 
5/21/2010LOWInitial Put OptionSTO 2 Oct10 24.00 Put @ 2.44Exercised $488.87
10/15/2010LOWCSP Margin ReturnedCSP 200 LOW @ -24.00 $4,800.00 
10/15/2010LOWStock AssignedEX 2 Oct10 24.00 Put @ -24.00 ($4,800.00) 
10/20/2010LOWContinued TradeSTO 2 Jan11 24.00 Call @ 0.34  $68.57
1/21/2011LOW Totals ($4,800.00)$557.44
DTE245 Percent Income/Annualized 11.61%17.30%

Tuesday, October 19, 2010

PAYX - New Position




A new CSP position was established today on Paychex Inc (PAYX). All prices include IB commissions.

This is the second position on PAYX. The first position is a CC.


  • Dividend Champions Status = Contender (Deleted 10/18/10)
  • Years of Consectutive Dividend Increases = 20
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 42.62%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/19/2010PAYXCSP Margin UsedCSP 200 PAYX @ 25.00 ($5,000.00) 
10/19/2010PAYXInitial Put OptionSTO 2 Dec10 25.00 Put @ 0.34  $67.07


Position Summary





Cost Basis($5,000.00)
Income Generated$67.07
Percent Income Generated1.34%
Annualized Income Generated8.30%
Net Profit If Assigned$67.07
Percent Return If Assigned1.34%
Annualized Return If Assigned8.30%
Days Held to Expiration59 days

JNJ - Adjustment




The following adjustment was made today on Johnson and Johnson (JNJ). All prices include IB commissions.


  • Dividend Champions Status = Champion
  • Years of Consecutive Dividend Increases = 48
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 21.88%







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/19/2010JNJContinued TradeSTO 1 Nov10 62.50 Put @ 0.91  $91.24


Current Position Summary





Cost Basis($6,250.00)
Income Generated$612.38
Percent Income Generated9.80%
Annualized Income Generated19.65%
Net Profit If Assigned$612.38
Percent Return If Assigned9.80%
Annualized Return If Assigned19.65%
Days Held to Expiration182 days


Trade History










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/21/2010JNJCSP Margin UsedCSP 100 JNJ @ 62.50 ($6,250.00) 
5/21/2010JNJInitial Put OptionSTO 1 Oct10 62.50 Put @ 5.21Expired $521.14
10/19/2010JNJContinued TradeSTO 1 Nov10 62.50 Put @ 0.91  $91.24
11/19/2010JNJ Totals ($6,250.00)$612.38
DTE182 Percent Income/Annualized 9.80%19.65%

ITW - New Position




A new CSP position was established today on Illinois Tool Works Inc (ITW). All prices include IB commissions.

This is the second position on ITW. The first position is a CC.


  • Dividend Champions Status = Champion
  • Years of Consectutive Dividend Increases = 47
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 29.17%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/19/2010ITWCSP Margin UsedCSP 100 ITW @ 42.50 ($4,250.00) 
10/19/2010ITWInitial Put OptionSTO 1 Jan11 42.50 Put @ 1.18  $118.24


Position Summary





Cost Basis($4,250.00)
Income Generated$118.24
Percent Income Generated2.78%
Annualized Income Generated10.80%
Net Profit If Assigned$118.24
Percent Return If Assigned2.78%
Annualized Return If Assigned10.80%
Days Held to Expiration94 days

Monday, October 18, 2010

TBT - Adjustment




The following adjustment was made today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

This is the second position on TBT. The first position is a CC.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/18/2010TBTContinued TradeSTO 2 Nov10 30.00 Put @ 0.20  $40.57


Current Position Summary





Cost Basis($6,000.00)
Income Generated$115.14
Percent Income Generated1.92%
Annualized Income Generated9.87%
Net Profit If Assigned$115.14
Percent Return If Assigned1.92%
Annualized Return If Assigned9.87%
Days Held to Expiration71 days


Trade History










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/9/2010TBTCSP Margin UsedCSP 200 TBT @ 30.00 ($6,000.00) 
9/9/2010TBTInitial Put OptionSTO 2 Oct10 30.00 Put @ 0.37Expired $74.57
10/18/2010TBTContinued TradeSTO 2 Nov10 30.00 Put @ 0.20  $40.57
11/19/2010TBT Totals ($6,000.00)$115.14
DTE71 Percent Income/Annualized 1.92%9.87%

LOW - New Position




A new CSP position was established today on Lowes Companies Inc (LOW). All prices include IB commissions.

This is the second position on LOW. This first position is a CC.


  • Dividend Champions Status = Champion
  • Years of Consecutive Dividend Increases = 48
  • Years of Positive Free Cash Flow (last 10 years) = 8
  • Discount to Morningstar's Fair Value Estimate = 47.22%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/18/2010LOWCSP Margin UsedCSP 200 LOW @ 19.00 ($3,800.00) 
10/18/2010LOWInitial Put OptionSTO 2 Jan11 19.00 Put @ 0.52  $104.57


Position Summary





Cost Basis($3,800.00)
Income Generated$104.57
Percent Income Generated2.75%
Annualized Income Generated10.57%
Net Profit If Assigned$104.57
Percent Return If Assigned2.75%
Annualized Return If Assigned10.57%
Days Held to Expiration95 days

Sunday, October 17, 2010

MLM - Closed




The Martin Marietta Materials Inc (MLM) Oct10 70.00 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary





Cost Basis$7,000.00
Net Profit$331.14
Percent Return4.73%
Annualized Return11.75%
Days Held to Expiration147 days


Trade History










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/21/2010MLMCSP Margin UsedCSP 100 MLM @ 70.00 ($7,000.00) 
5/21/2010MLMInitial Put OptionSTO 1 Oct10 70.00 Put @ 3.31Expired $331.14
10/15/2010MLMCSP Margin ReturnedCSP 100 MLM @ -70.00  $7,000.00
10/15/2010MLM Net Cost/Profit-Loss ($7,000.00)$331.14
DTE147 Percent Profit-Loss/Annualized 4.73%11.75%

LLY - Closed




The Eli Lilly and Co (LLY) Oct10 36.00 Call was exercised and the stock was called away. All prices include IB commissions.

Closed Position Summary





Cost Basis$3,600.00
Net Profit$480.18
Percent Return13.34%
Annualized Return14.98%
Days Held to Expiration325 days


Trade History
























DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/24/2009LLYCSP Margin UsedCSP 100 LLY @ 36.00 ($3,600.00) 
11/24/2009LLYInitial Put OptionSTO 1 Dec09 36.00 Put @ 0.31Exercised $31.25
12/18/2009LLYCSP Margin ReturnedCSP 100 LLY @ -36.00 $3,600.00 
12/18/2009LLYStock AssignedEX 1 Dec09 36.00 Put @ -36.00 ($3,600.00) 
12/21/2009LLYContinued TradeSTO 1 Jan10 36.00 Call @ 0.89Expired $89.00
1/19/2010LLYContinued TradeSTO 1 Feb10 38.00 Call @ 0.64Expired $64.00
2/22/2010LLYContinued TradeSTO 1 Mar10 35.00 Call @ 0.48Closed $47.99
3/10/2010LLYDividend ReceivedDIV 100 Dividend @ 0.49  $49.00
3/19/2010LLYBuy Back and Roll Out/UpBTC 1 Mar10 35.00 Call @ -1.18  ($118.01)
3/19/2010LLYContinued TradeSTO 1 Apr10 36.00 Call @ 0.79  $78.99
4/16/2010LLYBuy Back and Roll OutBTC 1 Apr10 36.00 Call @ -0.59  ($59.01)
4/16/2010LLYContinued TradeSTO 1 May10 36.00 Call @ 1.01Closed $100.99
5/21/2010LLYBuy Back and Roll OutBTC 1 May10 36.00 Call @ -0.03  ($3.01)
5/21/2010LLYContinued TradeSTO 1 Oct10 36.00 Call @ 1.01Exercised $100.99
6/10/2010LLYDividend ReceivedDIV 100 Dividend @ 0.49  $49.00
9/10/2010LLYDividend ReceivedDIV 100 Dividend @ 0.49  $49.00
10/15/2010LLYOption AssignedEX 1 Oct10 36.00 Call @ 36.00  $3,600.00
10/15/2010LLY Net Cost/Profit-Loss ($3,600.00)$480.18
DTE325 Percent Profit-Loss/Annualized 13.34%14.98%

ITW - Closed




The Illinois Tool Works Inc (ITW) Oct10 37.50 Put expired and the position was closed. All prices include IB commissions.

This was the second position on ITW. The first position is a CC.

Closed Position Summary





Cost Basis$3,750.00
Net Profit$68.24
Percent Return1.82%
Annualized Return12.77%
Days Held to Expiration52 days


Trade History










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/24/2010ITWCSP Margin UsedCSP 100 ITW @ 37.50 ($3,750.00) 
8/24/2010ITWInitial Put OptionSTO 1 Oct10 37.50 Put @ 0.68Expired $68.24
10/15/2010ITWCSP Margin ReturnedCSP 100 ITW @ -37.50  $3,750.00
10/15/2010ITW Net Cost/Profit-Loss ($3,750.00)$68.24
DTE52 Percent Profit-Loss/Annualized 1.82%12.77%

GD - Closed




The General Dynamics Corporation (GD) Oct10 50.00 Put expired and the position was closed. All prices include IB commissions.

This was the second position on GD. The first position is a CC.

Closed Position Summary





Cost Basis$5,000.00
Net Profit$56.24
Percent Return1.12%
Annualized Return7.90%
Days Held to Expiration52 days


Trade History










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/24/2010GDCSP Margin UsedCSP 100 GD @ 50.00 ($5,000.00) 
8/24/2010GDInitial Put OptionSTO 1 Oct10 50.00 Put @ 0.56Expired $56.24
10/15/2010GDCSP Margin ReturnedCSP 100 GD @ -50.00  $5,000.00
10/15/2010GD Net Cost/Profit-Loss ($5,000.00)$56.24
DTE52 Percent Profit-Loss/Annualized 1.12%7.90%

AVP - Closed




The Avon Products Inc (AVP) Oct10 32.00 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary





Cost Basis$6,400.00
Net Profit$366.61
Percent Return5.73%
Annualized Return12.45%
Days Held to Expiration168 days


Trade History












DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/30/2010AVPCSP Margin UsedCSP 200 AVP @ 32.00 ($6,400.00) 
4/30/2010AVPInitial Put OptionSTO 2 May10 75.00 Put @ 0.85Closed $170.87
5/21/2010AVPBuy Back and Roll OutBTC 2 May10 32.00 Put @ -5.54  ($1,107.13)
5/21/2010AVPContinued TradeSTO 2 Oct10 32.00 Put @ 6.51Expired $1,302.87
10/15/2010AVPCSP Margin ReturnedCSP 200 AVP @ -32.00  $6,400.00
10/15/2010AVP Net Cost/Profit-Loss ($6,400.00)$366.61
DTE168 Percent Profit-Loss/Annualized 5.73%12.45%

ADP - Closed




The Automatic Data Processing (ADP) Oct10 36.00 Put expired and the position was closed. All prices include IB commissions.

This was the second position on ADP. The first position is a CC.

Closed Position Summary





Cost Basis$3,600.00
Net Profit$48.99
Percent Return1.36%
Annualized Return9.55%
Days Held to Expiration52 days


Trade History










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/24/2010ADPCSP Margin UsedCSP 100 ADP @ 36.00 ($3,600.00) 
8/24/2010ADPInitial Put OptionSTO 1 Oct10 36.00 Put @ 0.49Expired $48.99
10/15/2010ADPCSP Margin ReturnedCSP 100 ADP @ -36.00  $3,600.00
10/15/2010ADP Net Cost/Profit-Loss ($3,600.00)$48.99
DTE52 Percent Profit-Loss/Annualized 1.36%9.55%

Friday, October 15, 2010

XOM - Closed




The Exxon Mobil Corp (XOM) position was closed today. All prices include IB commissions.

Closed Position Summary





Cost Basis$6,500.00
Net Profit$725.88
Percent Return11.17%
Annualized Return27.73%
Days Held to Expiration147 days


Trade History











DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/21/2010XOMCSP Margin UsedCSP 100 XOM @ 65.00 ($6,500.00) 
5/21/2010XOMInitial Put OptionSTO 1 Oct10 65.00 Put @ 7.29Closed $729.14
10/15/2010XOMBuy BackBTC 1 Oct10 65.00 Put @ -0.03  ($3.26)
10/15/2010XOMCSP Margin ReturnedCSP 100 XOM @ -65.00  $6,500.00
10/15/2010XOM Net Cost/Profit-Loss ($6,500.00)$725.88
DTE147 Percent Profit-Loss/Annualized 11.17%27.73%

NUE - Closed




The Nucor Corporation (NUE) position was closed today. All prices include IB commissions.

Closed Position Summary





Cost Basis$4,000.00
Net Profit$259.23
Percent Return6.48%
Annualized Return16.09%
Days Held to Expiration147 days


Trade History











DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/21/2010NUECSP Margin UsedCSP 100 NUE @ 40.00 ($4,000.00) 
5/21/2010NUEInitial Put OptionSTO 1 Oct10 40.00 Put @ 3.54Closed $353.99
10/15/2010NUEBuy BackBTC 1 Oct10 40.00 Put @ -0.95  ($94.76)
10/15/2010NUECSP Margin ReturnedCSP 100 NUE @ -40.00  $4,000.00
10/15/2010NUE Net Cost/Profit-Loss ($4,000.00)$259.23
DTE147 Percent Profit-Loss/Annualized 6.48%16.09%

Wednesday, October 13, 2010

ITW - Dividend




A dividend was received on Illinois Tool Works Inc (ITW). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/13/2010ITWDividend ReceivedDIV 100 Dividend @ 0.34  $34.00


Current Position Summary





Cost Basis($5,000.00)
Income Generated$361.51
Percent Income Generated7.23%
Annualized Income Generated12.45%
Net Profit If Assigned$361.51
Percent Return If Assigned7.23%
Annualized Return If Assigned12.45%
Days Held to Expiration212 days


Trade History















DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/21/2010ITWCSP Margin UsedCSP 100 ITW @ 50.00 ($5,000.00) 
4/21/2010ITWInitial Put OptionSTO 1 May10 50.00 Put @ 0.84Closed $83.99
5/21/2010ITWBuy Back and Roll Out/DownBTC 1 May10 50.00 Put @ -4.83  ($482.86)
5/21/2010ITWContinued TradeSTO 1 Sep10 50.00 Put @ 6.66Exercised $666.14
9/17/2010ITWCSP Margin ReturnedCSP 100 ITW @ -50.00 $5,000.00 
9/17/2010ITWStock AssignedEX 1 Sep10 50.00 Put @ -50.00 ($5,000.00) 
9/24/2010ITWContinued TradeSTO 1 Nov10 50.00 Call @ 0.60  $60.24
10/13/2010ITWDividend ReceivedDIV 100 Dividend @ 0.34  $34.00
11/19/2010ITW Totals ($5,000.00)$361.51
DTE212 Percent Income/Annualized 7.23%12.45%

Monday, October 4, 2010

TLT - New Position




A new CSP position was established today on iShares Trust Barclays 20 Year Treasury Bond Fund (TLT). All prices include IB commissions.







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/4/2010TLTCSP Margin UsedCSP 100 TLT @ 98.00 ($9,800.00) 
10/4/2010TLTInitial Put OptionSTO 1 Nov10 98.00 Put @ 0.49  $48.99


Position Summary





Cost Basis($9,800.00)
Income Generated$48.99
Percent Income Generated0.50%
Annualized Income Generated3.97%
Net Profit If Assigned$48.99
Percent Return If Assigned0.50%
Annualized Return If Assigned3.97%
Days Held to Expiration46 days

SPY - New Position




A new CSP position was established today on SPDR S&P 500 ETF (SPY). All prices include IB commissions.







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/4/2010SPYCSP Margin UsedCSP 100 SPY @ 98.00 ($9,800.00) 
10/4/2010SPYInitial Put OptionSTO 1 Nov10 98.00 Put @ 0.47  $47.24


Position Summary





Cost Basis($9,800.00)
Income Generated$47.24
Percent Income Generated0.48%
Annualized Income Generated3.82%
Net Profit If Assigned$47.24
Percent Return If Assigned0.48%
Annualized Return If Assigned3.82%
Days Held to Expiration46 days

Sunday, October 3, 2010

KO - Dividend




A dividend was received on Coca Cola Company (KO). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/1/2010KODividend ReceivedDIV 100 Dividend @ 0.44  $44.00


Current Position Summary





Cost Basis($5,500.00)
Income Generated$659.46
Percent Income Generated11.99%
Annualized Income Generated11.25%
Net Profit If Assigned$659.46
Percent Return If Assigned11.99%
Annualized Return If Assigned11.25%
Days Held to Expiration389 days


Trade History























DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
12/28/2009KOCSP Margin UsedCSP 100 KO @ 55.00 ($5,500.00) 
12/28/2009KOInitial Put OptionSTO 1 Feb10 55.00 Put @ 0.67Expired $67.00
2/22/2010KOContinued TradeSTO 1 Mar10 55.00 Put @ 0.85Exercised $84.99
3/19/2010KOCSP Margin ReturnedCSP 100 KO @ -55.00 $5,500.00 
3/19/2010KOStock AssignedEX 1 Mar10 55.00 Put @ -55.00 ($5,500.00) 
4/5/2010KOContinued TradeSTO 1 Apr10 55.00 Call @ 0.46  $45.99
4/16/2010KOBuy Back and Roll OutBTC 1 Apr10 55.00 Call @ -0.08  ($8.01)
4/16/2010KOContinued TradeSTO 1 May10 55.00 Call @ 1.17Closed $116.99
5/21/2010KOBuy Back and Roll OutBTC 1 May10 55.00 Call @ -0.01  ($1.00)
5/21/2010KOContinued TradeSTO 1 Aug10 55.00 Call @ 0.92Closed $91.99
7/1/2010KODividend ReceivedDIV 100 Dividend @ 0.44  $44.00
8/20/2010KOBuy Back and Roll OutBTC 1 Aug10 55.00 Call @ -0.30  ($30.01)
8/20/2010KOContinued TradeSTO 1 Sep10 55.00 Call @ 1.05Closed $104.54
9/8/2010KOBuy Back and Roll OutBTC 1 Sep10 55.00 Call @ -2.85  ($285.01)
9/8/2010KOContinued TradeSTO 1 Jan11 55.00 Call @ 3.84  $383.99
10/1/2010KODividend ReceivedDIV 100 Dividend @ 0.44  $44.00
1/21/2011KO Totals ($5,500.00)$659.46
DTE389 Percent Income/Annualized 11.99%11.25%

ADP - Dividend




A dividend was received on Automatic Data Processing (ADP). All prices include IB commissions.






DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/1/2010ADPDividend ReceivedDIV 100 Dividend @ 0.34  $34.00


Current Position Summary





Cost Basis($4,400.00)
Income Generated$204.51
Percent Income Generated4.65%
Annualized Income Generated8.24%
Net Profit If Assigned$4.51
Percent Return If Assigned0.10%
Annualized Return If Assigned0.18%
Days Held to Expiration206 days


Trade History















DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/27/2010ADPCSP Margin UsedCSP 100 ADP @ 44.00 ($4,400.00) 
4/27/2010ADPInitial Put OptionSTO 1 May10 44.00 Put @ 0.49Closed $48.99
5/21/2010ADPBuy Back and Roll OutBTC 1 May10 44.00 Put @ -3.89  ($388.86)
5/21/2010ADPContinued TradeSTO 1 Aug10 44.00 Put @ 4.65Exercised $465.14
8/20/2010ADPCSP Margin ReturnedCSP 100 ADP @ -44.00 $4,400.00 
8/20/2010ADPStock AssignedEX 1 Aug10 44.00 Put @ -44.00 ($4,400.00) 
9/1/2010ADPInterim TradeSTO 1 Nov10 42.00 Call @ 0.45  $45.24
10/1/2010ADPDividend ReceivedDIV 100 Dividend @ 0.34  $34.00
11/19/2010ADP Totals ($4,400.00)$204.51
DTE206 Percent Income/Annualized 4.65%8.24%

Friday, October 1, 2010

TLT - Closed




The Jan11 95 Calls on the iShares 20+ Year Treasury Bond Fund (TLT) positions were exercised early and the stock was called away. All prices include IB commissions.

I'll look to establish a new position, probably a CSP on TLT next week.

Note: TLT was split into 4 open positions

Current Position Summary

Position #1 Summary





Cost Basis$12,103.00
Net Profit($605.28)
Percent Return-5.00%
Annualized Return-2.82%
Days Held to Expiration647 days


Trade History















































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
12/22/2008TLTFirst Stock PositionBTO 100 TLT @ 121.03Called($12,103.00) 
12/22/2008TLTInitial Call OptionSTO 1 Jan09 121.00 Call @ 3.39Expired $339.00
1/2/2009TLTDividend ReceivedDIV 100 Dividend @ 0.41  $40.51
1/20/2009TLTInterim TradeSTO 1 Feb09 113.00 Call @ 1.39Expired $139.00
2/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.29  $28.53
2/24/2009TLTInterim TradeSTO 1 Mar09 110.00 Call @ 1.09Expired $109.30
3/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.28  $28.22
3/24/2009TLTInterim TradeSTO 1 Apr09 105.00 Call @ 0.79Expired $79.30
4/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $30.21
5/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $29.67
5/15/2009TLTInterim TradeSTO 1 Jun09 100.00 Call @ 1.09Closed $109.12
6/5/2009TLTBuy Back and Roll DownBTC 1 Jun09 100.00 Call @ -0.06  ($5.50)
6/5/2009TLTInterim TradeSTO 1 Jun09 94.00 Call @ 0.29Expired $29.30
6/5/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.54
6/24/2009TLTInterim TradeSTO 1 Jul09 96.00 Call @ 0.64Expired $64.30
7/8/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $30.33
8/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.32  $31.85
8/12/2009TLTInterim TradeSTO 1 Sep09 96.00 Call @ 0.79Closed $79.30
9/8/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.75
9/18/2009TLTBuy Back and Roll UpBTC 1 Sep09 96.00 Call @ -0.06  ($5.50)
9/18/2009TLTInterim TradeSTO 1 Oct09 97.00 Call @ 1.04Expired $104.30
10/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.73
10/20/2009TLTInterim TradeSTO 1 Nov09 98.00 Call @ 0.90Expired $89.60
11/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.83
11/24/2009TLTInterim TradeSTO 1 Jan10 98.00 Call @ 0.60Expired $60.05
12/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.66
1/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $31.82
1/21/2010TLTInterim TradeSTO 1 Mar10 94.00 Call @ 0.65Expired $64.85
2/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.48
3/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.29  $28.97
4/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $33.17
4/22/2010TLTInterim TradeSTO 1 May10 92.00 Call @ 0.33Closed $33.28
5/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.00
5/20/2010TLTBuy Back and Roll Out/UpBTC 1 May10 92.00 Call @ -6.01  ($600.72)
5/20/2010TLTInterim TradeSTO 1 Jan11 95.00 Call @ 6.49Exercised $649.28
6/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $32.59
7/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.95
8/6/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.44
9/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.23
9/30/2010TLTOption ExercisedEX 1 Jan11 95.00 Call @ 95.00  $9,500.00
9/30/2010TLT Net Cost/Profit-Loss ($12,103.00)($605.28)
DTE647 Percent Profit-Loss/Annualized -5.00%-2.82%


Position #2 Summary





Cost Basis$10,896.00
Net Profit$367.04
Percent Return3.37%
Annualized Return2.00%
Days Held to Expiration616 days


Trade History













































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/22/2009TLTSecond Stock PositionBTO 100 TLT @ 108.96Called($10,896.00) 
1/22/2009TLTInitial Call OptionSTO 1 Feb09 109.00 Call @ 2.84Expired $283.82
2/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.29  $28.53
2/24/2009TLTInterim TradeSTO 1 Mar09 110.00 Call @ 1.09Expired $109.30
3/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.28  $28.22
3/24/2009TLTInterim TradeSTO 1 Apr09 105.00 Call @ 0.79Expired $79.30
4/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $30.21
5/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $29.67
5/15/2009TLTInterim TradeSTO 1 Jun09 100.00 Call @ 1.09Closed $109.12
6/5/2009TLTBuy Back and Roll DownBTC 1 Jun09 100.00 Call @ -0.06  ($5.50)
6/5/2009TLTInterim TradeSTO 1 Jun09 94.00 Call @ 0.29Expired $29.30
6/5/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.54
6/24/2009TLTInterim TradeSTO 1 Jul09 96.00 Call @ 0.64Expired $64.30
7/8/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $30.33
8/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.32  $31.85
8/12/2009TLTInterim TradeSTO 1 Sep09 96.00 Call @ 0.79Closed $79.30
9/8/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.75
9/18/2009TLTBuy Back and Roll UpBTC 1 Sep09 96.00 Call @ -0.06  ($5.50)
9/18/2009TLTInterim TradeSTO 1 Oct09 97.00 Call @ 1.04Expired $104.30
10/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.73
10/20/2009TLTInterim TradeSTO 1 Nov09 98.00 Call @ 0.90Expired $89.60
11/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.83
11/24/2009TLTInterim TradeSTO 1 Jan10 98.00 Call @ 0.60Expired $60.05
12/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.66
1/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $31.82
1/21/2010TLTInterim TradeSTO 1 Mar10 94.00 Call @ 0.65Expired $64.85
2/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.48
3/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.29  $28.97
4/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $33.17
4/22/2010TLTInterim TradeSTO 1 May10 92.00 Call @ 0.33Closed $33.28
5/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.00
5/20/2010TLTBuy Back and Roll Out/UpBTC 1 May10 92.00 Call @ -6.01  ($600.72)
5/20/2010TLTInterim TradeSTO 1 Jan11 95.00 Call @ 6.49Exercised $649.28
6/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $32.59
7/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.95
8/6/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.44
9/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.23
9/30/2010TLTOption ExercisedEX 1 Jan11 95.00 Call @ 95.00  $9,500.00
9/30/2010TLT Net Cost/Profit-Loss ($10,896.00)$367.04
DTE616 Percent Profit-Loss/Annualized 3.37%2.00%


Position #3 Summary





Cost Basis$10,622.00
Net Profit$478.38
Percent Return4.50%
Annualized Return2.82%
Days Held to Expiration583 days


Trade History











































DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/24/2009TLTThird Stock PositionBTO 100 TLT @ 106.22Called($10,622.00) 
2/24/2009TLTInitial Call OptionSTO 1 Mar09 106.00 Call @ 2.59  $259.00
3/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.28  $28.21
3/24/2009TLTInterim TradeSTO 1 Apr09 105.00 Call @ 0.79Expired $79.30
4/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $30.22
5/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $29.66
5/15/2009TLTInterim TradeSTO 1 Jun09 100.00 Call @ 1.09Closed $109.12
6/5/2009TLTBuy Back and Roll DownBTC 1 Jun09 100.00 Call @ -0.06  ($5.50)
6/5/2009TLTInterim TradeSTO 1 Jun09 94.00 Call @ 0.29Expired $29.30
6/5/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.55
6/24/2009TLTInterim TradeSTO 1 Jul09 96.00 Call @ 0.64Expired $64.30
7/8/2009TLTDividend ReceivedDIV 100 Dividend @ 0.30  $30.34
8/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.32  $31.85
8/12/2009TLTInterim TradeSTO 1 Sep09 96.00 Call @ 0.79Closed $79.30
9/8/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.74
9/18/2009TLTBuy Back and Roll UpBTC 1 Sep09 96.00 Call @ -0.06  ($5.50)
9/18/2009TLTInterim TradeSTO 1 Oct09 97.00 Call @ 1.04Expired $104.30
10/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.72
10/20/2009TLTInterim TradeSTO 1 Nov09 98.00 Call @ 0.90Expired $89.60
11/6/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.83
11/24/2009TLTInterim TradeSTO 1 Jan10 98.00 Call @ 0.60Expired $60.05
12/7/2009TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.66
1/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $31.82
1/21/2010TLTInterim TradeSTO 1 Mar10 94.00 Call @ 0.65Expired $64.85
2/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.48
3/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.29  $28.97
4/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $33.17
4/22/2010TLTInterim TradeSTO 1 May10 92.00 Call @ 0.33Closed $33.28
5/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.00
5/20/2010TLTBuy Back and Roll Out/UpBTC 1 May10 92.00 Call @ -6.01  ($600.72)
5/20/2010TLTInterim TradeSTO 1 Jan11 95.00 Call @ 6.49Exercised $649.28
6/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $32.59
7/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.95
8/6/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.44
9/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.23
9/30/2010TLTOption ExercisedEX 1 Jan11 95.00 Call @ 95.00  $9,500.00
9/30/2010TLT Net Cost/Profit-Loss ($10,622.00)$478.38
DTE583 Percent Profit-Loss/Annualized 4.50%2.82%


Position #4 Summary





Cost Basis$9,300.00
Net Profit$736.32
Percent Return7.92%
Annualized Return9.29%
Days Held to Expiration311 days


Trade History
























DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/23/2009TLTCSP Margin UsedCSP 100 TLT @ 93.00 ($9,300.00) 
11/23/2009TLTInitial Put OptionSTO 1 Jan10 93.00 Put @ 1.35Exercised $134.75
1/15/2010TLTCSP Margin ReturnedCSP 100 TLT @ -93.00 $9,300.00 
1/15/2010TLTStock AssignedEX 1 Jan10 93.00 Put @ -93.00Called($9,300.00) 
1/21/2010TLTInterim TradeSTO 1 Mar10 94.00 Call @ 0.65Expired $64.85
2/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.48
3/5/2010TLTDividend ReceivedDIV 100 Dividend @ 0.29  $28.97
4/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $33.16
4/22/2010TLTInterim TradeSTO 1 May10 92.00 Call @ 0.33Closed $33.30
5/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.01
5/20/2010TLTBuy Back and Roll Out/UpBTC 1 May10 92.00 Call @ -6.01  ($600.70)
5/20/2010TLTContinued TradeSTO 1 Jan11 95.00 Call @ 6.49Exercised $649.30
6/7/2010TLTDividend ReceivedDIV 100 Dividend @ 0.33  $32.57
7/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.31  $30.96
8/6/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.45
9/8/2010TLTDividend ReceivedDIV 100 Dividend @ 0.32  $32.23
9/30/2010TLTOption ExercisedEX 1 Jan11 95.00 Call @ 95.00  $9,500.00
9/30/2010TLT Net Cost/Profit-Loss ($9,300.00)$736.32
DTE311 Percent Profit-Loss/Annualized 7.92%9.29%