I made several adjustments today and opened 3 new dividend positions. Most of the adjustments were Interim Trades, meaning I sold calls at a strike price below my net cost basis, which would result in a loss if these calls are exercised. So, I'll have to monitor them closely and possibly roll them out if they go ITM in order to avoid assignment. These positions are down quite a lot but they continue to bring in cash flow. Some pay dividends, which help, but some don't. I'm going to try to manage my way out of the non-dividend paying stocks, but this is going to take some time.
The 3 new positions I established today were all dividend plays, with ex-dividend dates approaching. I've started tracking the highest yielding dividend paying stocks looking for opportunities around their ex-dividend date. I then research the company's fundamentals, dividend history, and valuation. Once I find a company I like, I look to see if I can find a covered call position that meets my return requirements. This is the start of my revised strategy, which is still in development. But I thought I'd try out a few positions first to see if it's viable. The BBT position I established earlier this month will most likely get called away, since the stock has taken off recently. I'm missing out on the capital gains though, unless I decide to average up and roll out the calls. But it's so deep ITM now, I may just let it get called. This is the downside to covered calls known as opportunity risk. In this case a buy & hold strategy would have been better. But who knows when a stock is going to take off like this? Certainly, not me.
This has been a wild week in the market. I'm glad I sat on the sidelines for the past 2 days. Sometimes doing nothing is the best thing you can do. When the market goes crazy like this, you need to stay calm and look at the "businesses" you own, not the "stocks". Then ask yourself, did the company fundamentals change between Friday and Tuesday? If the answer is "No", then don't worry about what Mr. Market thinks your stocks are worth. Mr. Market isn't always right, and can be quite irrational in either direction. Eventually, price follows value. As Ben Graham said "in the short-term the market is a voting machine, in the long-term it's a weighing machine". Joe Ponzio, at F Wall Street wrote a great article the other day on The Markets. It's worth reading and remembering in times like this.
Thursday, January 24, 2008
WFC - New Position
A new dividend position was established today on WFC. The following is the trade information, including IB commissions:
24-Jan-08 - Initial Stock Position - BTO 100 WFC @ 30.13
24-Jan-08 - Initial Call Option - STO 1 Feb08 30.00 Call @ 1.34
01-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.31
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $3,013.00
Income Generated: $134.00
Percent Income Generated: 4.45%
Annualized Income Generated: 124.87%
Net Profit If Called: $121.00
Percent Return If Called: 4.02%
Annualized Return If Called: 112.75%
Days to Expiration: 13 days
Summary with the dividend if called at option expiration:
Stock Investment: $3,013.00
Income Generated: $165.00
Percent Income Generated: 5.48%
Annualized Income Generated: 90.86%
Net Profit If Called: $152.00
Percent Return If Called: 5.04%
Annualized Return If Called: 83.70%
Days to Expiration: 22 days
Dividend Information:
Ex-Dividend Date: 02/06/08
Dividend Pay Date: 03/01/08
Dividend Rate: $1.24
Dividend Yield: 4.20%
24-Jan-08 - Initial Stock Position - BTO 100 WFC @ 30.13
24-Jan-08 - Initial Call Option - STO 1 Feb08 30.00 Call @ 1.34
01-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.31
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $3,013.00
Income Generated: $134.00
Percent Income Generated: 4.45%
Annualized Income Generated: 124.87%
Net Profit If Called: $121.00
Percent Return If Called: 4.02%
Annualized Return If Called: 112.75%
Days to Expiration: 13 days
Summary with the dividend if called at option expiration:
Stock Investment: $3,013.00
Income Generated: $165.00
Percent Income Generated: 5.48%
Annualized Income Generated: 90.86%
Net Profit If Called: $152.00
Percent Return If Called: 5.04%
Annualized Return If Called: 83.70%
Days to Expiration: 22 days
Dividend Information:
Ex-Dividend Date: 02/06/08
Dividend Pay Date: 03/01/08
Dividend Rate: $1.24
Dividend Yield: 4.20%
PFE - New Position
A new dividend position was established today on PFE. The following is the trade information, including IB commissions:
24-Jan-08 - Initial Stock Position - BTO 200 PFE @ 22.83
24-Jan-08 - Initial Call Option - STO 2 Mar08 22.50 Call @ 0.97
04-Mar-08 - Dividend Received - DIV 200 Dividend @ 0.32
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $4,565.00
Income Generated: $193.00
Percent Income Generated: 4.23%
Annualized Income Generated: 118.70%
Net Profit If Called: $128.00
Percent Return If Called: 2.80%
Annualized Return If Called: 78.73%
Days to Expiration: 13 days
Summary with the dividend if called at option expiration:
Stock Investment: $4,565.00
Income Generated: $257.00
Percent Income Generated: 5.63%
Annualized Income Generated: 36.05%
Net Profit If Called: $192.00
Percent Return If Called: 4.21%
Annualized Return If Called: 26.93%
Days to Expiration: 57 days
Dividend Information:
Ex-Dividend Date: 02/06/08
Dividend Pay Date: 03/04/08
Dividend Rate: $1.28
Dividend Yield: 5.60%
24-Jan-08 - Initial Stock Position - BTO 200 PFE @ 22.83
24-Jan-08 - Initial Call Option - STO 2 Mar08 22.50 Call @ 0.97
04-Mar-08 - Dividend Received - DIV 200 Dividend @ 0.32
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $4,565.00
Income Generated: $193.00
Percent Income Generated: 4.23%
Annualized Income Generated: 118.70%
Net Profit If Called: $128.00
Percent Return If Called: 2.80%
Annualized Return If Called: 78.73%
Days to Expiration: 13 days
Summary with the dividend if called at option expiration:
Stock Investment: $4,565.00
Income Generated: $257.00
Percent Income Generated: 5.63%
Annualized Income Generated: 36.05%
Net Profit If Called: $192.00
Percent Return If Called: 4.21%
Annualized Return If Called: 26.93%
Days to Expiration: 57 days
Dividend Information:
Ex-Dividend Date: 02/06/08
Dividend Pay Date: 03/04/08
Dividend Rate: $1.28
Dividend Yield: 5.60%
PAYX - New Position
A new dividend position was established today on PAYX. The following is the trade information, including IB commissions:
24-Jan-08 - Initial Stock Position - BTO 100 PAYX @ 33.29
24-Jan-08 - Initial Call Option - STO 1 Mar08 32.50 Call @ 1.84
15-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.30
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $3,329.00
Income Generated: $184.00
Percent Income Generated: 5.53%
Annualized Income Generated: 336.24%
Net Profit If Called: $105.00
Percent Return If Called: 3.15%
Annualized Return If Called: 112.75%
Days to Expiration: 6 days
Summary with the dividend if called at option expiration:
Stock Investment: $3,329.00
Income Generated: $214.00
Percent Income Generated: 6.43%
Annualized Income Generated: 41.16%
Net Profit If Called: $135.00
Percent Return If Called: 4.06%
Annualized Return If Called: 25.97%
Days to Expiration: 57 days
Dividend Information:
Ex-Dividend Date: 01/30/08
Dividend Pay Date: 02/15/08
Dividend Rate: $1.20
Dividend Yield: 3.60%
24-Jan-08 - Initial Stock Position - BTO 100 PAYX @ 33.29
24-Jan-08 - Initial Call Option - STO 1 Mar08 32.50 Call @ 1.84
15-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.30
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $3,329.00
Income Generated: $184.00
Percent Income Generated: 5.53%
Annualized Income Generated: 336.24%
Net Profit If Called: $105.00
Percent Return If Called: 3.15%
Annualized Return If Called: 112.75%
Days to Expiration: 6 days
Summary with the dividend if called at option expiration:
Stock Investment: $3,329.00
Income Generated: $214.00
Percent Income Generated: 6.43%
Annualized Income Generated: 41.16%
Net Profit If Called: $135.00
Percent Return If Called: 4.06%
Annualized Return If Called: 25.97%
Days to Expiration: 57 days
Dividend Information:
Ex-Dividend Date: 01/30/08
Dividend Pay Date: 02/15/08
Dividend Rate: $1.20
Dividend Yield: 3.60%
WGO - Adjustment
The following adjustment was made today on WGO:
24-Jan-08 - Interim Trade - STO 2 Feb08 22.50 Call @ 0.44 -
Current Position Summary:
Stock Investment: $6,455.00
Income Generated: $1,254.10
Percent Income Generated: 19.43%
Annualized Income Generated: 7.54%
Net Profit If Called: -$700.90
Percent Return If Called: -10.86%
Annualized Return If Called: -4.21%
Days Held to Expiration: 941 days
Trade History:
19-Jul-05 - Initial Stock Position - BTO 100 WGO @ 34.92 -
19-Jul-05 - Initial Call Option - STO 1 Aug05 35.00 Call @ 1.09 - Expired
22-Aug-05 - Continued Trade - STO 1 Sep05 35.00 Call @ 0.44 - Closed
01-Sep-05 - Buy Back & Roll Out - BTC 1 Sep05 35.00 Call @ -0.06 -
19-Sep-05 - Continued Trade - STO 1 Nov05 35.00 Call @ 0.34 - Closed
03-Oct-05 - Dividend Received - DIV 100 Dividend @ 0.09 -
21-Oct-05 - Buy Back & Roll Down - BTC 1 Nov05 35.00 Call @ -0.06 -
24-Oct-05 - Interim Trade - STO 1 Nov05 30.00 Call @ 0.24 - Closed
14-Nov-05 - Buy Back & Roll Up - BTC 1 Nov05 30.00 Call @ -2.66 -
21-Nov-05 - Continued Trade - STO 1 Jan06 35.00 Call @ 0.99 - Expired
09-Jan-06 - Dividend Received - DIV 100 Dividend @ 0.09 -
23-Jan-06 - Continued Trade - STO 1 Mar06 35.00 Call @ 0.44 - Expired
20-Mar-06 - Dollar Cost Averaging - BTO 100 WGO @ 29.63 -
20-Mar-06 - Combined Cost Basis - $6,455.00 200 @ 32.28 -
20-Mar-06 - Continued Trade - STO 2 Jul05 35.00 Call @ 0.69 - Expired
03-Apr-06 - Dividend Received - DIV 100 Dividend @ 0.09 -
10-Jul-06 - Dividend Received - DIV 200 Dividend @ 0.09 -
24-Jul-06 - Continued Trade - STO 2 Jan07 35.00 Call @ 1.39 - Closed
09-Oct-06 - Dividend Received - DIV 200 Dividend @ 0.10 -
22-Dec-06 - Buy Back & Roll Out - BTC 2 Jan07 35.00 Call @ -0.16 -
22-Dec-06 - Continued Trade - STO 2 Apr07 35.00 Call @ 1.19 - Expired
08-Jan-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
09-Apr-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
23-Apr-07 - Continued Trade - STO 2 May07 35.00 Call @ 0.54 - Expired
21-May-07 - Continued Trade - STO 2 Jun07 35.00 Call @ 0.09 - Expired
19-Jun-07 - Continued Trade - STO 2 Jan08 35.00 Call @ 0.94 - Expired
09-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
08-Oct-07 - Dividend Received - DIV 200 Dividend @ 0.12 -
24-Jan-08 - Interim Trade - STO 2 Feb08 22.50 Call @ 0.44 -
24-Jan-08 - Interim Trade - STO 2 Feb08 22.50 Call @ 0.44 -
Current Position Summary:
Stock Investment: $6,455.00
Income Generated: $1,254.10
Percent Income Generated: 19.43%
Annualized Income Generated: 7.54%
Net Profit If Called: -$700.90
Percent Return If Called: -10.86%
Annualized Return If Called: -4.21%
Days Held to Expiration: 941 days
Trade History:
19-Jul-05 - Initial Stock Position - BTO 100 WGO @ 34.92 -
19-Jul-05 - Initial Call Option - STO 1 Aug05 35.00 Call @ 1.09 - Expired
22-Aug-05 - Continued Trade - STO 1 Sep05 35.00 Call @ 0.44 - Closed
01-Sep-05 - Buy Back & Roll Out - BTC 1 Sep05 35.00 Call @ -0.06 -
19-Sep-05 - Continued Trade - STO 1 Nov05 35.00 Call @ 0.34 - Closed
03-Oct-05 - Dividend Received - DIV 100 Dividend @ 0.09 -
21-Oct-05 - Buy Back & Roll Down - BTC 1 Nov05 35.00 Call @ -0.06 -
24-Oct-05 - Interim Trade - STO 1 Nov05 30.00 Call @ 0.24 - Closed
14-Nov-05 - Buy Back & Roll Up - BTC 1 Nov05 30.00 Call @ -2.66 -
21-Nov-05 - Continued Trade - STO 1 Jan06 35.00 Call @ 0.99 - Expired
09-Jan-06 - Dividend Received - DIV 100 Dividend @ 0.09 -
23-Jan-06 - Continued Trade - STO 1 Mar06 35.00 Call @ 0.44 - Expired
20-Mar-06 - Dollar Cost Averaging - BTO 100 WGO @ 29.63 -
20-Mar-06 - Combined Cost Basis - $6,455.00 200 @ 32.28 -
20-Mar-06 - Continued Trade - STO 2 Jul05 35.00 Call @ 0.69 - Expired
03-Apr-06 - Dividend Received - DIV 100 Dividend @ 0.09 -
10-Jul-06 - Dividend Received - DIV 200 Dividend @ 0.09 -
24-Jul-06 - Continued Trade - STO 2 Jan07 35.00 Call @ 1.39 - Closed
09-Oct-06 - Dividend Received - DIV 200 Dividend @ 0.10 -
22-Dec-06 - Buy Back & Roll Out - BTC 2 Jan07 35.00 Call @ -0.16 -
22-Dec-06 - Continued Trade - STO 2 Apr07 35.00 Call @ 1.19 - Expired
08-Jan-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
09-Apr-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
23-Apr-07 - Continued Trade - STO 2 May07 35.00 Call @ 0.54 - Expired
21-May-07 - Continued Trade - STO 2 Jun07 35.00 Call @ 0.09 - Expired
19-Jun-07 - Continued Trade - STO 2 Jan08 35.00 Call @ 0.94 - Expired
09-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.10 -
08-Oct-07 - Dividend Received - DIV 200 Dividend @ 0.12 -
24-Jan-08 - Interim Trade - STO 2 Feb08 22.50 Call @ 0.44 -
SHFL - Adjustment
The following adjustment was made today on SHFL:
24-Jan-08 - Interim Trade - STO 2 Mar08 10.00 Call @ 0.39 -
Current Position Summary:
Stock Investment: $4,263.00
Income Generated: $605.10
Percent Income Generated: 14.19%
Annualized Income Generated: 13.15%
Net Profit If Called: -$1,657.90
Percent Return If Called: -38.89%
Annualized Return If Called: -36.03%
Days Held to Expiration: 394 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 SHFL @ 25.52 -
21-Feb-07 - Initial Call Option - STO 1 Aug07 25.00 Call @ 2.99 - Closed
21-Jun-07 - Buy Back - BTC 1 Aug07 25.00 Call @ -0.11 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 SHFL @ 17.11 -
21-Jun-07 - Combined Cost Basis - $4,263.00 200 @ 21.32 -
21-Jun-07 - Interim Trade - STO 2 Jan08 20.00 Call @ 1.19 - Expired
24-Jan-08 - Interim Trade - STO 2 Mar08 10.00 Call @ 0.39 -
24-Jan-08 - Interim Trade - STO 2 Mar08 10.00 Call @ 0.39 -
Current Position Summary:
Stock Investment: $4,263.00
Income Generated: $605.10
Percent Income Generated: 14.19%
Annualized Income Generated: 13.15%
Net Profit If Called: -$1,657.90
Percent Return If Called: -38.89%
Annualized Return If Called: -36.03%
Days Held to Expiration: 394 days
Trade History:
21-Feb-07 - Initial Stock Position - BTO 100 SHFL @ 25.52 -
21-Feb-07 - Initial Call Option - STO 1 Aug07 25.00 Call @ 2.99 - Closed
21-Jun-07 - Buy Back - BTC 1 Aug07 25.00 Call @ -0.11 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 SHFL @ 17.11 -
21-Jun-07 - Combined Cost Basis - $4,263.00 200 @ 21.32 -
21-Jun-07 - Interim Trade - STO 2 Jan08 20.00 Call @ 1.19 - Expired
24-Jan-08 - Interim Trade - STO 2 Mar08 10.00 Call @ 0.39 -
PSUN - Adjustment
The following adjustment was made today on PSUN:
24-Jan-08 - Interim Trade - STO 4 Jun08 12.50 Call @ 0.74 -
Current Position Summary:
Stock Investment: $9,108.00
Income Generated: $1,543.40
Percent Income Generated: 16.95%
Annualized Income Generated: 6.57%
Net Profit If Called: -$2,564.60
Percent Return If Called: -28.16%
Annualized Return If Called: -10.91%
Days Held to Expiration: 942 days
Trade History:
21-Nov-05 - Initial Stock Position - BTO 200 PSUN @ 26.39 -
21-Nov-05 - Initial Call Option - STO 2 Dec05 25.00 Call @ 1.84 - Expired
20-Dec-05 - Continued Trade - STO 2 Jan06 25.00 Call @ 0.69 - Expired
23-Jan-06 - Continued Trade - STO 2 Mar06 25.00 Call @ 0.74 - Expired
20-Mar-06 - Continued Trade - STO 2 Jun06 25.00 Call @ 0.64 - Expired
26-Jun-06 - Dollar Cost Averaging - BTO 200 PSUN @ 19.16 -
26-Jun-06 - Combined Cost Basis - $9,108.00 400 @ 22.77 -
26-Jun-06 - Continued Trade - STO 4 Dec06 22.50 Call @ 0.69 - Closed
18-Sep-06 - Buy Back & Roll Out/Down - BTC 4 Dec06 22.50 Call @ -0.16 -
18-Sep-06 - Interim Trade - STO 4 Jan07 17.50 Call @ 0.54 - Closed
18-Dec-06 - Buy Back & Roll Out/Up - BTC 4 Jan07 17.50 Call @ -3.01 -
18-Dec-06 - Continued Trade - STO 4 Jan09 22.50 Call @ 3.69 - Closed
07-Jan-08 - Buy Back - BTC 4 Jan09 22.50 Call @ -0.61 -
24-Jan-08 - Interim Trade - STO 4 Jun08 12.50 Call @ 0.74 -
24-Jan-08 - Interim Trade - STO 4 Jun08 12.50 Call @ 0.74 -
Current Position Summary:
Stock Investment: $9,108.00
Income Generated: $1,543.40
Percent Income Generated: 16.95%
Annualized Income Generated: 6.57%
Net Profit If Called: -$2,564.60
Percent Return If Called: -28.16%
Annualized Return If Called: -10.91%
Days Held to Expiration: 942 days
Trade History:
21-Nov-05 - Initial Stock Position - BTO 200 PSUN @ 26.39 -
21-Nov-05 - Initial Call Option - STO 2 Dec05 25.00 Call @ 1.84 - Expired
20-Dec-05 - Continued Trade - STO 2 Jan06 25.00 Call @ 0.69 - Expired
23-Jan-06 - Continued Trade - STO 2 Mar06 25.00 Call @ 0.74 - Expired
20-Mar-06 - Continued Trade - STO 2 Jun06 25.00 Call @ 0.64 - Expired
26-Jun-06 - Dollar Cost Averaging - BTO 200 PSUN @ 19.16 -
26-Jun-06 - Combined Cost Basis - $9,108.00 400 @ 22.77 -
26-Jun-06 - Continued Trade - STO 4 Dec06 22.50 Call @ 0.69 - Closed
18-Sep-06 - Buy Back & Roll Out/Down - BTC 4 Dec06 22.50 Call @ -0.16 -
18-Sep-06 - Interim Trade - STO 4 Jan07 17.50 Call @ 0.54 - Closed
18-Dec-06 - Buy Back & Roll Out/Up - BTC 4 Jan07 17.50 Call @ -3.01 -
18-Dec-06 - Continued Trade - STO 4 Jan09 22.50 Call @ 3.69 - Closed
07-Jan-08 - Buy Back - BTC 4 Jan09 22.50 Call @ -0.61 -
24-Jan-08 - Interim Trade - STO 4 Jun08 12.50 Call @ 0.74 -
PFCB - Adjustment
TThe following adjustment was made today on PFCB:
24-Jan-08 - Interim Trade - STO 1 Feb08 30.00 Call @ 0.65 -
Current Position Summary:
Stock Investment: $3,578.00
Income Generated: $356.00
Percent Income Generated: 9.95%
Annualized Income Generated: 20.29%
Net Profit If Called: -$222.00
Percent Return If Called: -6.20%
Annualized Return If Called: -12.65%
Days to Expiration: 179 days
Trade History:
20-Aug-07 - Initial Stock Position - BTO 100 PFCB @ 35.78 -
20-Aug-07 - Initial Call Option - STO 1 Sep07 35.00 Call @ 2.30 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 35.00 Call @ 0.39 - Expired
25-Oct-07 - Continued Trade - STO 1 Jan08 35.00 Call @ 0.22 - Expired
24-Jan-08 - Interim Trade - STO 1 Feb08 30.00 Call @ 0.65 -
24-Jan-08 - Interim Trade - STO 1 Feb08 30.00 Call @ 0.65 -
Current Position Summary:
Stock Investment: $3,578.00
Income Generated: $356.00
Percent Income Generated: 9.95%
Annualized Income Generated: 20.29%
Net Profit If Called: -$222.00
Percent Return If Called: -6.20%
Annualized Return If Called: -12.65%
Days to Expiration: 179 days
Trade History:
20-Aug-07 - Initial Stock Position - BTO 100 PFCB @ 35.78 -
20-Aug-07 - Initial Call Option - STO 1 Sep07 35.00 Call @ 2.30 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 35.00 Call @ 0.39 - Expired
25-Oct-07 - Continued Trade - STO 1 Jan08 35.00 Call @ 0.22 - Expired
24-Jan-08 - Interim Trade - STO 1 Feb08 30.00 Call @ 0.65 -
NTES - Adjustment
The following adjustment was made today on NTES:
24-Jan-08 - Continued Trade - STO 4 Mar08 20.00 Call @ 0.74 -
Current Position Summary:
Stock Investment: $9,694.00
Income Generated: $4,240.00
Percent Income Generated: 43.74%
Annualized Income Generated: 21.81%
Net Profit If Called: $2,546.00
Percent Return If Called: 26.26%
Annualized Return If Called: 13.10%
Days to Expiration: 732 days
Trade History:
20-Mar-06 - Initial Stock Position - BTO 100 NTES @ 96.94 - 4-1 Split
20-Mar-06 - Initial Call Option - STO 1 Jun06 85.00 Call @ 15.29 - 4-1 Split
28-Mar-06 - Split Stock Position - SPLT 400 NTES @ 24.24 -
28-Mar-06 - Split Call Option - SPLT 4 Jun06 21.25 Call @ 3.82 - Expired
26-Jun-06 - Continued Trade - STO 4 Jan07 22.50 Call @ 3.19 - Closed
23-Oct-06 - Buy Back & Roll Out/Down - BTC 4 Jan07 22.50 Call @ -0.16 -
23-Oct-06 - Continued Trade - STO 4 Jan07 18.75 Call @ 0.69 - Closed
17-Jan-07 - Buy Back & Roll Out/Up - BTC 4 Jan07 18.75 Call @ -0.41 -
17-Jan-07 - Continued Trade - STO 4 Mar07 20.00 Call @ 0.99 - Expired
19-Mar-07 - Interim Trade - STO 4 Apr07 20.00 Call @ 0.19 - Expired
23-Apr-07 - Interim Trade - STO 4 May07 20.00 Call @ 0.19 - Expired
21-May-07 - Interim Trade - STO 4 Jun07 20.00 Call @ 0.34 - Expired
19-Jun-07 - Interim Trade - STO 4 Sep07 20.00 Call @ 0.32 - Expired
24-Sep-07 - Continued Trade - STO 4 Dec07 20.00 Call @ 0.67 - Expired
24-Jan-08 - Continued Trade - STO 4 Mar08 20.00 Call @ 0.74 -
24-Jan-08 - Continued Trade - STO 4 Mar08 20.00 Call @ 0.74 -
Current Position Summary:
Stock Investment: $9,694.00
Income Generated: $4,240.00
Percent Income Generated: 43.74%
Annualized Income Generated: 21.81%
Net Profit If Called: $2,546.00
Percent Return If Called: 26.26%
Annualized Return If Called: 13.10%
Days to Expiration: 732 days
Trade History:
20-Mar-06 - Initial Stock Position - BTO 100 NTES @ 96.94 - 4-1 Split
20-Mar-06 - Initial Call Option - STO 1 Jun06 85.00 Call @ 15.29 - 4-1 Split
28-Mar-06 - Split Stock Position - SPLT 400 NTES @ 24.24 -
28-Mar-06 - Split Call Option - SPLT 4 Jun06 21.25 Call @ 3.82 - Expired
26-Jun-06 - Continued Trade - STO 4 Jan07 22.50 Call @ 3.19 - Closed
23-Oct-06 - Buy Back & Roll Out/Down - BTC 4 Jan07 22.50 Call @ -0.16 -
23-Oct-06 - Continued Trade - STO 4 Jan07 18.75 Call @ 0.69 - Closed
17-Jan-07 - Buy Back & Roll Out/Up - BTC 4 Jan07 18.75 Call @ -0.41 -
17-Jan-07 - Continued Trade - STO 4 Mar07 20.00 Call @ 0.99 - Expired
19-Mar-07 - Interim Trade - STO 4 Apr07 20.00 Call @ 0.19 - Expired
23-Apr-07 - Interim Trade - STO 4 May07 20.00 Call @ 0.19 - Expired
21-May-07 - Interim Trade - STO 4 Jun07 20.00 Call @ 0.34 - Expired
19-Jun-07 - Interim Trade - STO 4 Sep07 20.00 Call @ 0.32 - Expired
24-Sep-07 - Continued Trade - STO 4 Dec07 20.00 Call @ 0.67 - Expired
24-Jan-08 - Continued Trade - STO 4 Mar08 20.00 Call @ 0.74 -
MCO - Adjustment
The following adjustment was made today on MCO:
24-Jan-08 - Interim Trade - STO 2 Feb08 40.00 Call @ 0.89 -
Current Position Summary:
Stock Investment: $10,649.00
Income Generated: $877.20
Percent Income Generated: 8.24%
Annualized Income Generated: 12.96%
Net Profit If Called: -$1,771.80
Percent Return If Called: -16.64%
Annualized Return If Called: -26.18%
Days to Expiration: 232 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 - Expired
10-Sep-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
24-Sep-07 - Interim Trade - STO 1 Oct07 55.00 Call @ 0.24 - Expired
25-Oct-07 - Dollar Cost Averaging - BTO 100 MCO @ 44.08 -
25-Oct-07 - Combined Cost Basis - $10,649.00 200 @ 53.25 -
25-Oct-07 - Continued Trade - STO 2 Dec07 55.00 Call @ 0.29 - Expired
10-Dec-07 - Dividend Received - DIV 200 Dividend @ 0.08 -
24-Jan-08 - Interim Trade - STO 2 Feb08 40.00 Call @ 0.89 -
24-Jan-08 - Interim Trade - STO 2 Feb08 40.00 Call @ 0.89 -
Current Position Summary:
Stock Investment: $10,649.00
Income Generated: $877.20
Percent Income Generated: 8.24%
Annualized Income Generated: 12.96%
Net Profit If Called: -$1,771.80
Percent Return If Called: -16.64%
Annualized Return If Called: -26.18%
Days to Expiration: 232 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 - Expired
10-Sep-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
24-Sep-07 - Interim Trade - STO 1 Oct07 55.00 Call @ 0.24 - Expired
25-Oct-07 - Dollar Cost Averaging - BTO 100 MCO @ 44.08 -
25-Oct-07 - Combined Cost Basis - $10,649.00 200 @ 53.25 -
25-Oct-07 - Continued Trade - STO 2 Dec07 55.00 Call @ 0.29 - Expired
10-Dec-07 - Dividend Received - DIV 200 Dividend @ 0.08 -
24-Jan-08 - Interim Trade - STO 2 Feb08 40.00 Call @ 0.89 -
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