The following adjustment was made today on TEX:
20-Aug-07 - Continued Trade - STO 1 Sep07 80.00 Call @ 2.29 -
Current Position Summary:
Stock Investment: $8,381.00
Income Generated: $826.00
Percent Income Generated: 9.86%
Annualized Income Generated: 64.24%
Net Profit If Called: $445.00
Percent Return If Called: 5.31%
Annualized Return If Called: 34.61%
Days to Expiration: 56 days
Trade History:
27-Jul-07 - Initial Stock Position - BTO 100 TEX @ 83.81 -
27-Jul-07 - Initial Call Option - STO 1 Aug07 80.00 Call @ 5.97 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 80.00 Call @ 2.29 -
Monday, August 20, 2007
STLD - Adjustment
The following adjustment was made today on STLD:
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.39 -
Current Position Summary:
Stock Investment: $4,338.00
Income Generated: $626.00
Percent Income Generated: 14.43%
Annualized Income Generated: 56.03%
Net Profit If Called: $288.00
Percent Return If Called: 6.64%
Annualized Return If Called: 25.78%
Days to Expiration: 94 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 STLD @ 43.38 -
19-Jun-07 - Initial Call Option - STO 1 Aug07 40.00 Call @ 4.72 - Expired
13-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
13-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.10 -
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.39 -
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.39 -
Current Position Summary:
Stock Investment: $4,338.00
Income Generated: $626.00
Percent Income Generated: 14.43%
Annualized Income Generated: 56.03%
Net Profit If Called: $288.00
Percent Return If Called: 6.64%
Annualized Return If Called: 25.78%
Days to Expiration: 94 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 STLD @ 43.38 -
19-Jun-07 - Initial Call Option - STO 1 Aug07 40.00 Call @ 4.72 - Expired
13-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.05 -
13-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.10 -
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.39 -
NUE - Adjustment
The following adjustment was made today on NUE:
20-Aug-07 - Continued Trade - STO 1 Sep07 50.00 Call @ 2.59 -
Current Position Summary:
Stock Investment: $5,224.00
Income Generated: $608.00
Percent Income Generated: 11.64%
Annualized Income Generated: 75.86%
Net Profit If Called: $384.00
Percent Return If Called: 7.35%
Annualized Return If Called: 47.91%
Days to Expiration: 56 days
Trade History:
27-Jul-07 - Initial Stock Position - BTO 100 NUE @ 52.24 -
27-Jul-07 - Initial Call Option - STO 1 Aug07 50.00 Call @ 3.49 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 50.00 Call @ 2.59 -
20-Aug-07 - Continued Trade - STO 1 Sep07 50.00 Call @ 2.59 -
Current Position Summary:
Stock Investment: $5,224.00
Income Generated: $608.00
Percent Income Generated: 11.64%
Annualized Income Generated: 75.86%
Net Profit If Called: $384.00
Percent Return If Called: 7.35%
Annualized Return If Called: 47.91%
Days to Expiration: 56 days
Trade History:
27-Jul-07 - Initial Stock Position - BTO 100 NUE @ 52.24 -
27-Jul-07 - Initial Call Option - STO 1 Aug07 50.00 Call @ 3.49 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 50.00 Call @ 2.59 -
MCO - Adjustment
The following adjustment was made today on MCO:
20-Aug-07 - Interim Trade - STO 1 Sep07 55.00 Call @ 0.89 -
Current Position Summary:
Stock Investment: $6,241.00
Income Generated: $592.00
Percent Income Generated: 9.49%
Annualized Income Generated: 40.73%
Net Profit If Called: -$149.00
Percent Return If Called: -2.39%
Annualized Return If Called: -10.25%
Days to Expiration: 56 days
Trade History:
28-Jun-07 - Initial Stock Position - BTO 100 MCO @ 62.41 -
28-Jun-07 - Initial Call Option - STO 1 Jul07 60.00 Call @ 3.49 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 60.00 Call @ 1.54 - Expired
20-Aug-07 - Interim Trade - STO 1 Sep07 55.00 Call @ 0.89 -
Note that this is an Interim trade, meaning the strike price is below the cost basis, which would result in a loss if called. I'll monitor this position closely and will roll it out and up to a higher strike if it goes ITM.
20-Aug-07 - Interim Trade - STO 1 Sep07 55.00 Call @ 0.89 -
Current Position Summary:
Stock Investment: $6,241.00
Income Generated: $592.00
Percent Income Generated: 9.49%
Annualized Income Generated: 40.73%
Net Profit If Called: -$149.00
Percent Return If Called: -2.39%
Annualized Return If Called: -10.25%
Days to Expiration: 56 days
Trade History:
28-Jun-07 - Initial Stock Position - BTO 100 MCO @ 62.41 -
28-Jun-07 - Initial Call Option - STO 1 Jul07 60.00 Call @ 3.49 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 60.00 Call @ 1.54 - Expired
20-Aug-07 - Interim Trade - STO 1 Sep07 55.00 Call @ 0.89 -
Note that this is an Interim trade, meaning the strike price is below the cost basis, which would result in a loss if called. I'll monitor this position closely and will roll it out and up to a higher strike if it goes ITM.
LM - Adjustment
The following adjustment was made today on LM:
20-Aug-07 - Continued Trade - STO 1 Sep07 90.00 Call @ 2.09 -
Current Position Summary:
Stock Investment: $9,109.00
Income Generated: $558.00
Percent Income Generated: 6.13%
Annualized Income Generated: 39.93%
Net Profit If Called: $449.00
Percent Return If Called: 4.93%
Annualized Return If Called: 32.13%
Days to Expiration: 56 days
Trade History:
27-Jul-07 - Initial Stock Position - BTO 100 LM @ 91.09 -
27-Jul-07 - Initial Call Option - STO 1 Aug07 90.00 Call @ 3.49 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 90.00 Call @ 2.09 -
20-Aug-07 - Continued Trade - STO 1 Sep07 90.00 Call @ 2.09 -
Current Position Summary:
Stock Investment: $9,109.00
Income Generated: $558.00
Percent Income Generated: 6.13%
Annualized Income Generated: 39.93%
Net Profit If Called: $449.00
Percent Return If Called: 4.93%
Annualized Return If Called: 32.13%
Days to Expiration: 56 days
Trade History:
27-Jul-07 - Initial Stock Position - BTO 100 LM @ 91.09 -
27-Jul-07 - Initial Call Option - STO 1 Aug07 90.00 Call @ 3.49 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 90.00 Call @ 2.09 -
ITG - Adjustment
The following adjustment was made today on ITG:
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.44 -
Current Position Summary:
Stock Investment: $4,536.00
Income Generated: $662.00
Percent Income Generated: 14.59%
Annualized Income Generated: 25.25%
Net Profit If Called: $126.00
Percent Return If Called: 2.78%
Annualized Return If Called: 4.81%
Days to Expiration: 211 days
Trade History:
22-Feb-07 - Initial Stock Position - BTO 100 ITG @ 45.36 -
22-Feb-07 - Initial Call Option - STO 1 Jul07 45.00 Call @ 4.79 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 45.00 Call @ 0.39 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.44 -
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.44 -
Current Position Summary:
Stock Investment: $4,536.00
Income Generated: $662.00
Percent Income Generated: 14.59%
Annualized Income Generated: 25.25%
Net Profit If Called: $126.00
Percent Return If Called: 2.78%
Annualized Return If Called: 4.81%
Days to Expiration: 211 days
Trade History:
22-Feb-07 - Initial Stock Position - BTO 100 ITG @ 45.36 -
22-Feb-07 - Initial Call Option - STO 1 Jul07 45.00 Call @ 4.79 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 45.00 Call @ 0.39 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 40.00 Call @ 1.44 -
BRCM - Adjustment
The following adjustment was made today on BRCM:
20-Aug-07 - Continued Trade - STO 1 Sep07 35.00 Call @ 1.19 -
Current Position Summary:
Stock Investment: $3,527.00
Income Generated: $552.00
Percent Income Generated: 15.65%
Annualized Income Generated: 26.95%
Net Profit If Called: $525.00
Percent Return If Called: 14.89%
Annualized Return If Called: 25.63%
Days to Expiration: 212 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 BRCM @ 35.27 -
21-Feb-07 - Initial Call Option - STO 1 Aug07 35.00 Call @ 4.33 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 35.00 Call @ 1.19 -
20-Aug-07 - Continued Trade - STO 1 Sep07 35.00 Call @ 1.19 -
Current Position Summary:
Stock Investment: $3,527.00
Income Generated: $552.00
Percent Income Generated: 15.65%
Annualized Income Generated: 26.95%
Net Profit If Called: $525.00
Percent Return If Called: 14.89%
Annualized Return If Called: 25.63%
Days to Expiration: 212 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 BRCM @ 35.27 -
21-Feb-07 - Initial Call Option - STO 1 Aug07 35.00 Call @ 4.33 - Expired
20-Aug-07 - Continued Trade - STO 1 Sep07 35.00 Call @ 1.19 -
EXPD - Closed
The EXPD position was closed today for a profit. This one was a gift from the options Gods. The Aug07 45 call actually closed ITM on Friday, but for some strange reason the stock didn't get called away. This is the first time this has happened in over 2 years of trading covered calls. But I'm not complaining since I ended up with a greater profit. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $4,515.00
Income Generated: $1,057.00
Net Profit: $1,130.00
Percent Return: 25.03%
Annualized Return: 23.42%
Duration of Trade: 390 days
Buy & Hold Comparison
Opening Price: $45.15
Closing Price: $45.88
P/L per Share: $0.73
Shares: 100
Dividends: $0.14
Net Profit: $87.00
Percent Return: 1.93%
Annualized Return: 1.80%
Duration of Trade: 390 days
Trade History:
26-Jul-06 - Initial Stock Position - BTO 100 EXPD @ 45.15 -
26-Jul-06 - Initial Call Option - STO 1 Jan07 45.00 Call @ 6.69 - Closed
22-Dec-06 - Buy Back & Roll Out - BTC 1 Jan07 45.00 Call @ -0.16 -
22-Dec-06 - Continued Trade - STO 1 May07 45.00 Call @ 2.04 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 45.00 Call @ 0.99 - Expired
15-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.14 -
19-Jun-07 - Continued Trade - STO 1 Aug07 45.00 Call @ 0.87 - Expired
20-Aug-07 - Position Closed - BTC 1 Closed @ 45.88 -
Covered Call Results
Stock Investment: $4,515.00
Income Generated: $1,057.00
Net Profit: $1,130.00
Percent Return: 25.03%
Annualized Return: 23.42%
Duration of Trade: 390 days
Buy & Hold Comparison
Opening Price: $45.15
Closing Price: $45.88
P/L per Share: $0.73
Shares: 100
Dividends: $0.14
Net Profit: $87.00
Percent Return: 1.93%
Annualized Return: 1.80%
Duration of Trade: 390 days
Trade History:
26-Jul-06 - Initial Stock Position - BTO 100 EXPD @ 45.15 -
26-Jul-06 - Initial Call Option - STO 1 Jan07 45.00 Call @ 6.69 - Closed
22-Dec-06 - Buy Back & Roll Out - BTC 1 Jan07 45.00 Call @ -0.16 -
22-Dec-06 - Continued Trade - STO 1 May07 45.00 Call @ 2.04 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 45.00 Call @ 0.99 - Expired
15-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.14 -
19-Jun-07 - Continued Trade - STO 1 Aug07 45.00 Call @ 0.87 - Expired
20-Aug-07 - Position Closed - BTC 1 Closed @ 45.88 -
PALM - Closed
The PALM position was closed today for a loss since the company no longer met my fundamental criteria. I'll explain the reasons in a separate article. Notice that the buy & hold loss would have been greater. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $3,917.00
Income Generated: $613.50
Net Profit: -$133.00
Percent Return: -3.40%
Annualized Return: -2.57%
Duration of Trade: 483 days
Buy & Hold Comparison
Opening Price: $19.59
Closing Price: $15.85
P/L per Share: -$3.74
Shares: 100
Dividends: $0.00
Net Profit: -$374.00
Percent Return: -10.09%
Annualized Return: -14.43%
Duration of Trade: 483 days
Trade History:
24-Apr-06 - Initial Stock Position - BTO 100 PALM @ 23.16 -
24-Apr-06 - Initial Call Option - STO 1 Aug06 22.50 Call @ 2.95 - Closed
05-Jul-06 - Buy Back & Roll Down - BTC 1 Aug06 22.50 Call @ -0.11 -
05-Jul-06 - Dollar Cost Averaging - BTO 100 PALM @ 16.01 -
05-Jul-06 - Combined Cost Basis - $3,917.00 200 @ 19.59 -
05-Jul-06 - Continued Trade - STO 2 Feb07 20.00 Call @ 1.20 - Closed
19-Dec-06 - Buy Back & Roll Out - BTC 2 Feb07 20.00 Call @ -0.11 -
19-Dec-06 - Continued Trade - STO 2 Aug07 20.00 Call @ 0.55 - Expired
20-Aug-07 - Position Closed - STC 2 Closed @ 15.85 -
Covered Call Results
Stock Investment: $3,917.00
Income Generated: $613.50
Net Profit: -$133.00
Percent Return: -3.40%
Annualized Return: -2.57%
Duration of Trade: 483 days
Buy & Hold Comparison
Opening Price: $19.59
Closing Price: $15.85
P/L per Share: -$3.74
Shares: 100
Dividends: $0.00
Net Profit: -$374.00
Percent Return: -10.09%
Annualized Return: -14.43%
Duration of Trade: 483 days
Trade History:
24-Apr-06 - Initial Stock Position - BTO 100 PALM @ 23.16 -
24-Apr-06 - Initial Call Option - STO 1 Aug06 22.50 Call @ 2.95 - Closed
05-Jul-06 - Buy Back & Roll Down - BTC 1 Aug06 22.50 Call @ -0.11 -
05-Jul-06 - Dollar Cost Averaging - BTO 100 PALM @ 16.01 -
05-Jul-06 - Combined Cost Basis - $3,917.00 200 @ 19.59 -
05-Jul-06 - Continued Trade - STO 2 Feb07 20.00 Call @ 1.20 - Closed
19-Dec-06 - Buy Back & Roll Out - BTC 2 Feb07 20.00 Call @ -0.11 -
19-Dec-06 - Continued Trade - STO 2 Aug07 20.00 Call @ 0.55 - Expired
20-Aug-07 - Position Closed - STC 2 Closed @ 15.85 -
AMD - Closed
The AMD position was closed today for a loss since the company no longer met my fundamental criteria. I'll explain the reasons in a separate article. Notice that the buy & hold loss would have been greater. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $1,624.00
Income Generated: $257.00
Net Profit: -$161.00
Percent Return: -9.91%
Annualized Return: -17.48%
Duration of Trade: 207 days
Buy & Hold Comparison
Opening Price: $16.24
Closing Price: $12.06
P/L per Share: -$4.18
Shares: 100
Dividends: $0.00
Net Profit: -$418.00
Percent Return: -25.74%
Annualized Return: -45.39%
Duration of Trade: 207 days
Trade History:
25-Jan-07 - Initial Stock Position - BTO 100 AMD @ 16.24 - Closed
25-Jan-07 - Initial Call Option - STO 1 Jul07 16.00 Call @ 2.14 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 16.00 Call @ 0.43 - Expired
20-Aug-07 - Position Closed - STC 1 Closed @ 12.06 -
Covered Call Results
Stock Investment: $1,624.00
Income Generated: $257.00
Net Profit: -$161.00
Percent Return: -9.91%
Annualized Return: -17.48%
Duration of Trade: 207 days
Buy & Hold Comparison
Opening Price: $16.24
Closing Price: $12.06
P/L per Share: -$4.18
Shares: 100
Dividends: $0.00
Net Profit: -$418.00
Percent Return: -25.74%
Annualized Return: -45.39%
Duration of Trade: 207 days
Trade History:
25-Jan-07 - Initial Stock Position - BTO 100 AMD @ 16.24 - Closed
25-Jan-07 - Initial Call Option - STO 1 Jul07 16.00 Call @ 2.14 - Expired
25-Jul-07 - Continued Trade - STO 1 Aug07 16.00 Call @ 0.43 - Expired
20-Aug-07 - Position Closed - STC 1 Closed @ 12.06 -
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