The following adjustment was made today on KOMG:
19-Mar-07 - Buy Back - BTC 1 Jun07 45.00 Call @ -0.11 -
19-Mar-07 - Dollar Cost Averaging - BTO 100 KOMG @ 31.64 -
19-Mar-07 - Combined Cost Basis - $8,151.00 200 @ 40.76 -
19-Mar-07 - Continued Trade - STO 2 Jun07 35.00 Call @ 1.30 -
Current Position Summary:
Stock Investment: $8,151.00
Income Generated: $1,878.00
Percent Income Generated: 23.04%
Net Profit If Called: $727.00
Percent Return If Called: 8.92%
Annualized Return If Called: 7.20%
Days to Expiration: 452 days
Trade History:
20-Mar-06 - Initial Stock Position - BTO 100 KOMG @ 49.87 -
20-Mar-06 - Initial Call Option - STO 1 Apr06 45.00 Call @ 5.93 - Expired
24-Apr-06 - Continued Trade - STO 1 Jun06 45.00 Call @ 2.79 - Expired
26-Jun-06 - Continued Trade - STO 1 Dec06 45.00 Call @ 4.89 - Expired
18-Dec-06 - Continued Trade - STO 1 Jun07 45.00 Call @ 2.69 - Closed
19-Mar-07 - Buy Back - BTC 1 Jun07 45.00 Call @ -0.11 -
19-Mar-07 - Dollar Cost Averaging - BTO 100 KOMG @ 31.64 -
19-Mar-07 - Combined Cost Basis - $8,151.00 200 @ 40.76 -
19-Mar-07 - Continued Trade - STO 2 Jun07 35.00 Call @ 1.30 -
Monday, March 19, 2007
NTES - Adjustment
The following adjustment was made today on NTES:
19-Mar-07 - Continued Trade - STO 4 Apr07 20.00 Call @ 0.19 -
Current Position Summary:
Stock Investment: $9,694.00
Income Generated: $3,331.00
Percent Income Generated: 34.36%
Net Profit If Called: $1,637.00
Percent Return If Called: 16.89%
Annualized Return If Called: 15.56%
Days to Expiration: 396 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 - Continued Trade - STO 4 Apr07 20.00 Call @ 0.19 -
19-Mar-07 - Continued Trade - STO 4 Apr07 20.00 Call @ 0.19 -
Current Position Summary:
Stock Investment: $9,694.00
Income Generated: $3,331.00
Percent Income Generated: 34.36%
Net Profit If Called: $1,637.00
Percent Return If Called: 16.89%
Annualized Return If Called: 15.56%
Days to Expiration: 396 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 - Continued Trade - STO 4 Apr07 20.00 Call @ 0.19 -
Saturday, March 17, 2007
This Months Market Decline
This months market decline had very little effect on my portfolio. No adjustments were necessary, since I have so much downside protection.
Although the benchmark index (VTI) declined 4.55% this month, my CC portfolio had a return on invested capital (actual income generated) of 1.11% and the liquidation value of my portfolio declined by only 1.24%. Even with this market decline, my liquidation value is still up 2.47% YTD, while the benchmark index (VTI) is down -2.32% YTD.
Although the benchmark index (VTI) declined 4.55% this month, my CC portfolio had a return on invested capital (actual income generated) of 1.11% and the liquidation value of my portfolio declined by only 1.24%. Even with this market decline, my liquidation value is still up 2.47% YTD, while the benchmark index (VTI) is down -2.32% YTD.
TEX - Closed Position
The TEX Mar07 55.00 Call was exercised and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.
Covered Call Results
Stock Investment: $5,914.00
Income Generated: $610.00
Net Profit: $196.00
Percent Return: 3.31%
Annualized Return: 24.19%
Duration of Trade: 50 days
Buy & Hold Comparison
Opening Price: $59.14
Closing Price: $68.36
P/L per Share: $9.22
Shares: 100
Dividends: $0.00
Net Profit: $922.00
Percent Return: 15.59%
Annualized Return: 113.81%
Duration of Trade: 50 days
Trade History:
25-Jan-07 - Initial Stock Position - BTO 100 TEX @ 59.14 -
25-Jan-07 - Initial Call Option - STO 1 Mar07 55.00 Call @ 6.10 -
16-Mar-07 - Option Exercised - EX 1 Mar07 55.00 Call @ 55.00 -
Another example of a position that would have done better as Buy & Hold.
Still, it met my goal of 24% annualized return.
Covered Call Results
Stock Investment: $5,914.00
Income Generated: $610.00
Net Profit: $196.00
Percent Return: 3.31%
Annualized Return: 24.19%
Duration of Trade: 50 days
Buy & Hold Comparison
Opening Price: $59.14
Closing Price: $68.36
P/L per Share: $9.22
Shares: 100
Dividends: $0.00
Net Profit: $922.00
Percent Return: 15.59%
Annualized Return: 113.81%
Duration of Trade: 50 days
Trade History:
25-Jan-07 - Initial Stock Position - BTO 100 TEX @ 59.14 -
25-Jan-07 - Initial Call Option - STO 1 Mar07 55.00 Call @ 6.10 -
16-Mar-07 - Option Exercised - EX 1 Mar07 55.00 Call @ 55.00 -
Another example of a position that would have done better as Buy & Hold.
Still, it met my goal of 24% annualized return.
Thursday, February 22, 2007
ITG - New Position
A new position was established today on ITG. The following is the trade information, including IB commissions:
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
Stock Investment: $4,536.00
Income Generated: $479.00
Percent Income Generated: 10.56%
Net Profit If Called: $443.00
Percent Return If Called: 9.77%
Annualized Return If Called: 24.09%
Days to Expiration: 148 days
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
Stock Investment: $4,536.00
Income Generated: $479.00
Percent Income Generated: 10.56%
Net Profit If Called: $443.00
Percent Return If Called: 9.77%
Annualized Return If Called: 24.09%
Days to Expiration: 148 days
ATVI - New Position
A new position was established today on ATVI. The following is the trade information, including IB commissions:
22-Feb-07 - Initial Stock Position - BTO 100 ATVI @ 17.57
22-Feb-07 - Initial Call Option - STO 1 Aug07 17.50 Call @ 1.99
Stock Investment: $1,757.00
Income Generated: $199.00
Percent Income Generated: 11.33%
Net Profit If Called: $192.00
Percent Return If Called: 10.93%
Annualized Return If Called: 22.66%
Days to Expiration: 176 days
22-Feb-07 - Initial Stock Position - BTO 100 ATVI @ 17.57
22-Feb-07 - Initial Call Option - STO 1 Aug07 17.50 Call @ 1.99
Stock Investment: $1,757.00
Income Generated: $199.00
Percent Income Generated: 11.33%
Net Profit If Called: $192.00
Percent Return If Called: 10.93%
Annualized Return If Called: 22.66%
Days to Expiration: 176 days
Wednesday, February 21, 2007
SHFL - New Position
A new position was established today on SHFL. The following is the trade information, including IB commissions:
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
Stock Investment: $2,552.00
Income Generated: $299.00
Percent Income Generated: 11.72%
Net Profit If Called: $247.00
Percent Return If Called: 9.68%
Annualized Return If Called: 19.96%
Days to Expiration: 177 days
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
Stock Investment: $2,552.00
Income Generated: $299.00
Percent Income Generated: 11.72%
Net Profit If Called: $247.00
Percent Return If Called: 9.68%
Annualized Return If Called: 19.96%
Days to Expiration: 177 days
NVT - New Position
A new position was established today on NVT. The following is the trade information, including IB commissions:
21-Feb-07 - Initial Stock Position - BTO 100 NVT @ 34.31
21-Feb-07 - Initial Call Option - STO 1 Jul07 35.00 Call @ 3.13
Stock Investment: $3,431.00
Income Generated: $313.00
Percent Income Generated: 9.12%
Net Profit If Called: $382.00
Percent Return If Called: 11.13%
Annualized Return If Called: 27.27%
Days to Expiration: 149 days
21-Feb-07 - Initial Stock Position - BTO 100 NVT @ 34.31
21-Feb-07 - Initial Call Option - STO 1 Jul07 35.00 Call @ 3.13
Stock Investment: $3,431.00
Income Generated: $313.00
Percent Income Generated: 9.12%
Net Profit If Called: $382.00
Percent Return If Called: 11.13%
Annualized Return If Called: 27.27%
Days to Expiration: 149 days
GGC - New Position
A new position was established today on GGC. The following is the trade information, including IB commissions:
21-Feb-07 - Initial Stock Position - BTO 100 GGC @ 20.54
21-Feb-07 - Initial Call Option - STO 1 May07 20.00 Call @ 2.13
Stock Investment: $2,054.00
Income Generated: $213.00
Percent Income Generated: 10.37%
Net Profit If Called: $159.00
Percent Return If Called: 7.74%
Annualized Return If Called: 32.85%
Days to Expiration: 86 days
21-Feb-07 - Initial Stock Position - BTO 100 GGC @ 20.54
21-Feb-07 - Initial Call Option - STO 1 May07 20.00 Call @ 2.13
Stock Investment: $2,054.00
Income Generated: $213.00
Percent Income Generated: 10.37%
Net Profit If Called: $159.00
Percent Return If Called: 7.74%
Annualized Return If Called: 32.85%
Days to Expiration: 86 days
CLHB - New Position
A new position was established today on CLHB. The following is the trade information, including IB commissions:
21-Feb-07 - Initial Stock Position - BTO 100 CLHB @ 53.50
21-Feb-07 - Initial Call Option - STO 1 Apr07 50.00 Call @ 5.32
Stock Investment: $5,350.00
Income Generated: $532.00
Percent Income Generated: 9.94%
Net Profit If Called: $182.00
Percent Return If Called: 3.40%
Annualized Return If Called: 21.41%
Days to Expiration: 58 days
21-Feb-07 - Initial Stock Position - BTO 100 CLHB @ 53.50
21-Feb-07 - Initial Call Option - STO 1 Apr07 50.00 Call @ 5.32
Stock Investment: $5,350.00
Income Generated: $532.00
Percent Income Generated: 9.94%
Net Profit If Called: $182.00
Percent Return If Called: 3.40%
Annualized Return If Called: 21.41%
Days to Expiration: 58 days
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