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% |
