Friday, April 22, 2011

NVS - Closed




The Novartis (NVS) Apr11 55.00 Put expired last Friday. NVS announced earnings this week and the stock has rose above $57.00, so I decided to close this position. All prices include IB commissions.

Position Summary





Cost Basis$5,500.00
Net Profit$317.23
Percent Return5.77%
Annualized Return14.62%
Days Held to Expiration144 days


Trade History











DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/22/2010NVSCSP Margin UsedCSP 100 NVS @ 55.00 ($5,500.00) 
11/22/2010NVSInitial Put OptionSTO 1 Dec11 55.00 Put @ 0.88Expired $88.24
12/21/2010NVSContinued TradeSTO 1 Apr11 55.00 Put @ 2.29  $228.99
4/15/2011NVSCSP Margin ReturnedCSP 100 NVS @ -55.00  $5,500.00
4/15/2011NVS Net Cost/Profit-Loss ($5,500.00)$317.23
DTE144 Percent Profit-Loss/Annualized 5.77%14.62%