The Medtronic Inc (MDT) Feb11 36.00 Call was exercised and the position was closed. All prices include IB commissions.
This position resulted in a loss. I made a few mistakes with this position. First, I bought MDT above my target buy price. Then when the stock declined, I sold a call below my cost basis. I should have just left the position uncovered until I could sell a call at my original cost basis or higher. However, since I did sell a call below my cost basis, I should have rolled it out to a higher strike when the stock price began to rise. So these three mistakes resulted in a loss.
Position Summary
Cost Basis | $4,400.00 |
Net Profit | ($346.78) |
Percent Return | -7.88% |
Annualized Return | -9.49% |
Days Held to Expiration | 303 days |
Trade History
Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
---|
4/21/2010 | MDT | CSP Margin Used | CSP 100 MDT @ 44.00 |   | ($4,400.00) |   |
4/21/2010 | MDT | Initial Put Option | STO 1 May10 44.00 Put @ 0.94 | Exercised |   | $94.14 |
5/21/2010 | MDT | CSP Margin Returned | CSP 100 MDT @ -44.00 |   | $4,400.00 |   |
5/21/2010 | MDT | Stock Assigned | EX 1 May10 44.00 Put @ -44.00 |   | ($4,400.00) |   |
5/21/2010 | MDT | Continued Trade | STO 1 Aug10 44.00 Call @ 1.38 | Closed |   | $138.24 |
7/30/2010 | MDT | Dividend Received | DIV 100 Dividend @ 0.23 |   |   | $22.50 |
8/2/2010 | MDT | Buy Back and Roll Out/Down | BTC 1 Aug10 44.00 Call @ -0.04 |   |   | ($3.96) |
8/2/2010 | MDT | Continued Trade | STO 1 Nov10 42.00 Call @ 0.44 | Closed |   | $44.04 |
8/23/2010 | MDT | Buy Back | BTC 1 Nov10 42.00 Call @ -0.13 |   |   | ($12.76) |
9/1/2010 | MDT | Interim Trade | STO 1 Jan11 36.00 Call @ 0.86 | Closed |   | $85.99 |
10/29/2010 | MDT | Dividend Received | DIV 100 Dividend @ 0.23 |   |   | $22.50 |
1/3/2011 | MDT | Buy Back and Roll Out/Up | BTC 1 Jan11 36.00 Call @ -1.54 |   |   | ($153.96) |
1/3/2011 | MDT | Interim Trade | STO 1 Feb11 36.00 Call @ 1.94 | Exercised |   | $193.99 |
1/28/2011 | MDT | Dividend Received | DIV 100 Dividend @ 0.23 |   |   | $22.50 |
2/18/2011 | MDT | Stock Called | EX 1 Feb11 36.00 Call @ 36.00 |   |   | $3,600.00 |
2/18/2011 | MDT |   | Net Cost/Profit-Loss |   | ($4,400.00) | ($346.78) |
DTE | 303 |   | Percent Profit-Loss/Annualized |   | -7.88% | -9.49% |