The following adjustment was made today on BJS:
30-Oct-07 - Interim Trade - STO 3 Dec07 27.50 Call @ 0.55 -
Current Position Summary:
Stock Investment: $11,238.00
Income Generated: $2,191.65.00
Percent Income Generated: 19.50%
Annualized Income Generated: 10.24%
Net Profit If Called: -$796.35
Percent Return If Called: -7.09%
Annualized Return If Called: -3.72%
Days to Expiration: 695 days
Trade History:
25-Jan-06 - Initial Stock Position - BTO 200 BJS @ 40.05 -
25-Jan-06 - Initial Call Option - STO 2 Feb06 40.00 Call @ 1.54 - Expired
21-Feb-06 - Continued Trade - STO 2 Apr06 40.00 Call @ 0.49 - Closed
20-Mar-06 - Buy Back - BTC 2 Apr06 40.00 Call @ -0.11 -
20-Mar-06 - Dollar Cost Averaging - BTO 100 BJS @ 32.29 -
20-Mar-06 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
20-Mar-06 - Continued Trade - STO 3 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 100 Dividend @ 0.15 -
24-Jul-06 - Interim Trade - STO 3 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 300 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 3 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 3 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 3 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 3 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 3 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 3 Dec07 27.50 Call @ 0.55 -
Tuesday, October 30, 2007
Friday, October 26, 2007
ESV - Adjustment
The following adjustment was made today on ESV:
26-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 2.34 -
Current Position Summary:
Stock Investment: $5,708.00
Income Generated: $543.00
Percent Income Generated: 9.51%
Annualized Income Generated: 69.44%
Net Profit If Called: $335.00
Percent Return If Called: 5.87%
Annualized Return If Called: 42.54%
Days to Expiration: 50 days
Trade History:
27-Sep-07 - Initial Stock Position - BTO 100 ESV @ 57.08 -
27-Sep-07 - Initial Call Option - STO 1 Oct07 55.00 Call @ 3.09 - Expired
26-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 2.34 -
26-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 2.34 -
Current Position Summary:
Stock Investment: $5,708.00
Income Generated: $543.00
Percent Income Generated: 9.51%
Annualized Income Generated: 69.44%
Net Profit If Called: $335.00
Percent Return If Called: 5.87%
Annualized Return If Called: 42.54%
Days to Expiration: 50 days
Trade History:
27-Sep-07 - Initial Stock Position - BTO 100 ESV @ 57.08 -
27-Sep-07 - Initial Call Option - STO 1 Oct07 55.00 Call @ 3.09 - Expired
26-Oct-07 - Continued Trade - STO 1 Nov07 55.00 Call @ 2.34 -
Thursday, October 25, 2007
PFCB - Adjustment
The following adjustment was made today on PFCB:
25-Oct-07 - Continued Trade - STO 1 Jan08 35.00 Call @ 0.22 -
Current Position Summary:
Stock Investment: $3,578.00
Income Generated: $291.00
Percent Income Generated: 8.13%
Annualized Income Generated: 19.66%
Net Profit If Called: $213.00
Percent Return If Called: 5.95%
Annualized Return If Called: 14.39%
Days to Expiration: 151 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 -
25-Oct-07 - Continued Trade - STO 1 Jan08 35.00 Call @ 0.22 -
Current Position Summary:
Stock Investment: $3,578.00
Income Generated: $291.00
Percent Income Generated: 8.13%
Annualized Income Generated: 19.66%
Net Profit If Called: $213.00
Percent Return If Called: 5.95%
Annualized Return If Called: 14.39%
Days to Expiration: 151 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 -
MCO - Adjustment
The following adjustment was made today on MCO:
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 -
Current Position Summary:
Stock Investment: $10,649.00
Income Generated: $682.60
Percent Income Generated: 6.41%
Annualized Income Generated: 13.29%
Net Profit If Called: $1,033.60
Percent Return If Called: 9.71%
Annualized Return If Called: 20.13%
Days to Expiration: 176 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 -
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 -
Current Position Summary:
Stock Investment: $10,649.00
Income Generated: $682.60
Percent Income Generated: 6.41%
Annualized Income Generated: 13.29%
Net Profit If Called: $1,033.60
Percent Return If Called: 9.71%
Annualized Return If Called: 20.13%
Days to Expiration: 176 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 -
LM - Adjustment
The following adjustment was made today on LM:
25-Oct-07 - Continued Trade - STO 1 Dec07 85.00 Call @ 2.09 -
Current Position Summary:
Stock Investment: $9,109.00
Income Generated: $838.00
Percent Income Generated: 9.20%
Annualized Income Generated: 22.84%
Net Profit If Called: $229.00
Percent Return If Called: 2.51%
Annualized Return If Called: 6.24%
Days to Expiration: 147 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 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 90.00 Call @ 0.47 - Expired
15-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.24 -
25-Oct-07 - Continued Trade - STO 1 Dec07 85.00 Call @ 2.09 -
25-Oct-07 - Continued Trade - STO 1 Dec07 85.00 Call @ 2.09 -
Current Position Summary:
Stock Investment: $9,109.00
Income Generated: $838.00
Percent Income Generated: 9.20%
Annualized Income Generated: 22.84%
Net Profit If Called: $229.00
Percent Return If Called: 2.51%
Annualized Return If Called: 6.24%
Days to Expiration: 147 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 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 90.00 Call @ 0.47 - Expired
15-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.24 -
25-Oct-07 - Continued Trade - STO 1 Dec07 85.00 Call @ 2.09 -
Wednesday, October 24, 2007
WMT - Adjustment
The following adjustment was made today on WMT:
24-Oct-07 - Buy Back & Roll Down - BTC 2 Dec07 52.50 Call @ -0.11
24-Oct-07 - Interim Trade - STO 2 Dec07 47.50 Call @ 0.49
Current Position Summary:
Stock Investment: $10,045.00
Income Generated: $339.70
Percent Income Generated: 3.38%
Annualized Income Generated: 5.10%
Net Profit If Called: -$205.30
Percent Return If Called: -2.04%
Annualized Return If Called: -3.08%
Days to Expiration: 242 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 WMT @ 49.26 - VICC
23-Apr-07 - Continued Trade - STO 1 May07 52.50 Call @ 0.10 - Expired
21-May-07 - Interim Trade - STO 1 Jun07 47.50 Call @ 0.59 - Closed
04-Jun-07 - Buy Back & Roll Out/Up - BTC 1 Jun07 47.50 Call @ -3.81 -
04-Jun-07 - Dollar Cost Averaging - BTO 100 WMT @ 51.19 -
04-Jun-07 - Combined Cost Basis - $10,045.00 200 @ 50.23 -
04-Jun-07 - Continued Trade - STO 2 Dec07 52.50 Call @ 2.54 - Closed
24-Oct-07 - Buy Back & Roll Down - BTC 2 Dec07 52.50 Call @ -0.11
24-Oct-07 - Interim Trade - STO 2 Dec07 47.50 Call @ 0.49
Note that as a VICC position the primary objective is capital appreciation. The stock will be held long term until it reaches or surpasses it's fair value. Front month OTM call options are sold to bring in a small amount of income while waiting for the stock to appreciate. The calls are sold far enough OTM to avoid assignment and the need to make any mid-month adjustments.
24-Oct-07 - Buy Back & Roll Down - BTC 2 Dec07 52.50 Call @ -0.11
24-Oct-07 - Interim Trade - STO 2 Dec07 47.50 Call @ 0.49
Current Position Summary:
Stock Investment: $10,045.00
Income Generated: $339.70
Percent Income Generated: 3.38%
Annualized Income Generated: 5.10%
Net Profit If Called: -$205.30
Percent Return If Called: -2.04%
Annualized Return If Called: -3.08%
Days to Expiration: 242 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 WMT @ 49.26 - VICC
23-Apr-07 - Continued Trade - STO 1 May07 52.50 Call @ 0.10 - Expired
21-May-07 - Interim Trade - STO 1 Jun07 47.50 Call @ 0.59 - Closed
04-Jun-07 - Buy Back & Roll Out/Up - BTC 1 Jun07 47.50 Call @ -3.81 -
04-Jun-07 - Dollar Cost Averaging - BTO 100 WMT @ 51.19 -
04-Jun-07 - Combined Cost Basis - $10,045.00 200 @ 50.23 -
04-Jun-07 - Continued Trade - STO 2 Dec07 52.50 Call @ 2.54 - Closed
24-Oct-07 - Buy Back & Roll Down - BTC 2 Dec07 52.50 Call @ -0.11
24-Oct-07 - Interim Trade - STO 2 Dec07 47.50 Call @ 0.49
Note that as a VICC position the primary objective is capital appreciation. The stock will be held long term until it reaches or surpasses it's fair value. Front month OTM call options are sold to bring in a small amount of income while waiting for the stock to appreciate. The calls are sold far enough OTM to avoid assignment and the need to make any mid-month adjustments.
UPS - Adjustment
The following adjustment was made today on UPS:
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35
Current Position Summary:
Stock Investment: $7,193.00
Income Generated: $201.00
Percent Income Generated: 2.79%
Annualized Income Generated: 4.27%
Net Profit If Called: $1,008.00
Percent Return If Called: 14.01%
Annualized Return If Called: 21.40%
Days to Expiration: 239 days
Trade History:
26-Apr-07 - Initial Stock Position - BTO 100 UPS @ 71.93 - VICC
26-Apr-07 - Continued Trade - STO 1 May07 75.00 Call @ 0.10 - Expired
21-May-07 - Continued Trade - STO 1 Jul07 75.00 Call @ 0.39 - Closed
05-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.42 -
18-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 75.00 Call @ -0.56 -
18-Jul-07 - Continued Trade - STO 1 Oct07 80.00 Call @ 0.89 -
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35
Note that as a VICC position the primary objective is capital appreciation. The stock will be held long term until it reaches or surpasses it's fair value. Front month OTM call options are sold to bring in a small amount of income while waiting for the stock to appreciate. The calls are sold far enough OTM to avoid assignment and the need to make any mid-month adjustments.
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35
Current Position Summary:
Stock Investment: $7,193.00
Income Generated: $201.00
Percent Income Generated: 2.79%
Annualized Income Generated: 4.27%
Net Profit If Called: $1,008.00
Percent Return If Called: 14.01%
Annualized Return If Called: 21.40%
Days to Expiration: 239 days
Trade History:
26-Apr-07 - Initial Stock Position - BTO 100 UPS @ 71.93 - VICC
26-Apr-07 - Continued Trade - STO 1 May07 75.00 Call @ 0.10 - Expired
21-May-07 - Continued Trade - STO 1 Jul07 75.00 Call @ 0.39 - Closed
05-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.42 -
18-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 75.00 Call @ -0.56 -
18-Jul-07 - Continued Trade - STO 1 Oct07 80.00 Call @ 0.89 -
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35
Note that as a VICC position the primary objective is capital appreciation. The stock will be held long term until it reaches or surpasses it's fair value. Front month OTM call options are sold to bring in a small amount of income while waiting for the stock to appreciate. The calls are sold far enough OTM to avoid assignment and the need to make any mid-month adjustments.
MDT - Adjustment
The following adjustment was made today on MDT:
24-Oct-07 - Buy Back & Roll Down - BTC 1 Nov07 57.50 Call @ -0.06 -
24-Oct-07 - Continued Trade - STO 1 Dec07 52.50 Call @ 0.39 -
Current Position Summary:
Stock Investment: $5,272.00
Income Generated: $222.50
Percent Income Generated: 4.22%
Annualized Income Generated: 6.37%
Net Profit If Called: $200.50
Percent Return If Called: 3.80%
Annualized Return If Called: 5.74%
Days to Expiration: 242 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 MDT @ 52.72 - VICC
23-Apr-07 - Continued Trade - STO 1 May07 55.00 Call @ 0.19 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 52.50 Call @ 0.59 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 1 Jun07 52.50 Call @ -0.06
15-Jun-07 - Initial Call Option - STO 1 Jul07 55.00 Call @ 0.49 - Expired
25-Jul-07 - Continued Trade - STO 1 Sep07 55.00 Call @ 0.63 - Closed
27-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.13
21-Sep-07 - Buy Back & Roll Out/Up - BTC 1 Sep07 55.00 Call @ -1.46
21-Sep-07 - Continued Trade - STO 1 Nov07 57.50 Call @ 1.39 - Closed
24-Oct-07 - Buy Back & Roll Down - BTC 1 Nov07 57.50 Call @ -0.06 -
24-Oct-07 - Continued Trade - STO 1 Dec07 52.50 Call @ 0.39 -
Note that as a Value Investing Covered Call (VICC) position the primary objective is capital appreciation. The stock will be held long term until it reaches or surpasses it's fair value. OTM call options are sold to bring in a small amount of income while waiting for the stock to appreciate.
24-Oct-07 - Buy Back & Roll Down - BTC 1 Nov07 57.50 Call @ -0.06 -
24-Oct-07 - Continued Trade - STO 1 Dec07 52.50 Call @ 0.39 -
Current Position Summary:
Stock Investment: $5,272.00
Income Generated: $222.50
Percent Income Generated: 4.22%
Annualized Income Generated: 6.37%
Net Profit If Called: $200.50
Percent Return If Called: 3.80%
Annualized Return If Called: 5.74%
Days to Expiration: 242 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 MDT @ 52.72 - VICC
23-Apr-07 - Continued Trade - STO 1 May07 55.00 Call @ 0.19 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 52.50 Call @ 0.59 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 1 Jun07 52.50 Call @ -0.06
15-Jun-07 - Initial Call Option - STO 1 Jul07 55.00 Call @ 0.49 - Expired
25-Jul-07 - Continued Trade - STO 1 Sep07 55.00 Call @ 0.63 - Closed
27-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.13
21-Sep-07 - Buy Back & Roll Out/Up - BTC 1 Sep07 55.00 Call @ -1.46
21-Sep-07 - Continued Trade - STO 1 Nov07 57.50 Call @ 1.39 - Closed
24-Oct-07 - Buy Back & Roll Down - BTC 1 Nov07 57.50 Call @ -0.06 -
24-Oct-07 - Continued Trade - STO 1 Dec07 52.50 Call @ 0.39 -
Note that as a Value Investing Covered Call (VICC) position the primary objective is capital appreciation. The stock will be held long term until it reaches or surpasses it's fair value. OTM call options are sold to bring in a small amount of income while waiting for the stock to appreciate.
EXP - Adjustment
The following adjustment was made today on EXP:
24-Oct-07 - Buy Back & Roll Down - BTC 1 Jan08 55.00 Call @ -0.16 -
24-Oct-07 - Dollar Cost Averaging - BTO 100 EXP @ 37.94 -
24-Oct-07 - Combined Cost Basis - $10,856.00 200 @ 54.28 -
24-Oct-07 - Interim Trade - STO 2 Jan08 45.00 Call @ 0.69 -
Current Position Summary:
Stock Investment: $10,854.00
Income Generated: $1,439.35
Percent Income Generated: 13.26%
Annualized Income Generated: 7.63%
Net Profit If Called: -$414.65
Percent Return If Called: -3.82%
Annualized Return If Called: -2.20%
Days to Expiration: 634 days
Trade History:
24-Apr-06 - Initial Stock Position - BTO 100 EXP @ 70.60 -
24-Apr-06 - Initial Call Option - STO 1 May06 65.00 Call @ 8.29 - Expired
22-May-06 - Continued Trade - STO 1 Oct06 60.00 Call @ 2.39 -
20-Jul-06 - Dividend Received - DIV 100 Dividend @ 0.18 -
25-Jul-06 - Buy Back & Roll Out/Down - BTC 1 Oct06 60.00 Call @ -0.21 - Closed
25-Jul-06 - Interim Trade - STO 1 Jan07 50.00 Call @ 2.19 - Closed
23-Oct-06 - Buy Back & Roll Down - BTC 1 Jan07 50.00 Call @ -0.26 -
23-Oct-06 - Interim Trade - STO 1 Jan07 40.00 Call @ 1.34 - Closed
02-Nov-06 - Dividend Received - DIV 100 Dividend @ 0.18 -
19-Dec-06 - Buy Back & Roll Out/Up - BTC 1 Jan07 40.00 Call @ -3.41 -
19-Dec-06 - Interim Trade - STO 1 Jul07 45.00 Call @ 4.39 - Closed
05-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 45.00 Call @ -5.41 -
05-Jul-07 - Interim Trade - STO 1 Jan08 55.00 Call @ 3.29 - Closed
20-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.20 -
24-Oct-07 - Buy Back & Roll Down - BTC 1 Jan08 55.00 Call @ -0.16 -
24-Oct-07 - Dollar Cost Averaging - BTO 100 EXP @ 37.94 -
24-Oct-07 - Combined Cost Basis - $10,856.00 200 @ 54.28 -
24-Oct-07 - Interim Trade - STO 2 Jan08 45.00 Call @ 0.69 -
EXP is down about 46% from my original purchase price. Again, I still like the company so I decided to average down. By averaging down I reduced my cost basis from 70.66 to 54.28 (23%), so the stock is now down only 30%, instead of 46%, from my average cost basis. I then sold a Jan 45.00, which is an interim trade, meaning I don't want to let the stock get called away at this price since it'll result in a loss.
24-Oct-07 - Buy Back & Roll Down - BTC 1 Jan08 55.00 Call @ -0.16 -
24-Oct-07 - Dollar Cost Averaging - BTO 100 EXP @ 37.94 -
24-Oct-07 - Combined Cost Basis - $10,856.00 200 @ 54.28 -
24-Oct-07 - Interim Trade - STO 2 Jan08 45.00 Call @ 0.69 -
Current Position Summary:
Stock Investment: $10,854.00
Income Generated: $1,439.35
Percent Income Generated: 13.26%
Annualized Income Generated: 7.63%
Net Profit If Called: -$414.65
Percent Return If Called: -3.82%
Annualized Return If Called: -2.20%
Days to Expiration: 634 days
Trade History:
24-Apr-06 - Initial Stock Position - BTO 100 EXP @ 70.60 -
24-Apr-06 - Initial Call Option - STO 1 May06 65.00 Call @ 8.29 - Expired
22-May-06 - Continued Trade - STO 1 Oct06 60.00 Call @ 2.39 -
20-Jul-06 - Dividend Received - DIV 100 Dividend @ 0.18 -
25-Jul-06 - Buy Back & Roll Out/Down - BTC 1 Oct06 60.00 Call @ -0.21 - Closed
25-Jul-06 - Interim Trade - STO 1 Jan07 50.00 Call @ 2.19 - Closed
23-Oct-06 - Buy Back & Roll Down - BTC 1 Jan07 50.00 Call @ -0.26 -
23-Oct-06 - Interim Trade - STO 1 Jan07 40.00 Call @ 1.34 - Closed
02-Nov-06 - Dividend Received - DIV 100 Dividend @ 0.18 -
19-Dec-06 - Buy Back & Roll Out/Up - BTC 1 Jan07 40.00 Call @ -3.41 -
19-Dec-06 - Interim Trade - STO 1 Jul07 45.00 Call @ 4.39 - Closed
05-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 45.00 Call @ -5.41 -
05-Jul-07 - Interim Trade - STO 1 Jan08 55.00 Call @ 3.29 - Closed
20-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.20 -
24-Oct-07 - Buy Back & Roll Down - BTC 1 Jan08 55.00 Call @ -0.16 -
24-Oct-07 - Dollar Cost Averaging - BTO 100 EXP @ 37.94 -
24-Oct-07 - Combined Cost Basis - $10,856.00 200 @ 54.28 -
24-Oct-07 - Interim Trade - STO 2 Jan08 45.00 Call @ 0.69 -
EXP is down about 46% from my original purchase price. Again, I still like the company so I decided to average down. By averaging down I reduced my cost basis from 70.66 to 54.28 (23%), so the stock is now down only 30%, instead of 46%, from my average cost basis. I then sold a Jan 45.00, which is an interim trade, meaning I don't want to let the stock get called away at this price since it'll result in a loss.
CHS - Adjustment
The following adjustment was made today on CHS:
24-Oct-07 - Buy Back - BTC 1 Nov07 25.00 Call @ -0.04 -
24-Oct-07 - Dollar Cost Averaging - BTO 200 CHS @ 12.66 -
24-Oct-07 - Combined Cost Basis - $5,042.00 300 @ 16.81 -
24-Oct-07 - Interim Trade - STO 3 Dec07 15.00 Call @ 0.39 - Expired
Current Position Summary:
Stock Investment: $5,042.00
Income Generated: $374.90
Percent Income Generated: 7.44%
Annualized Income Generated: 14.67%
Net Profit If Called: -$167.10
Percent Return If Called: -3.31%
Annualized Return If Called: -6.54%
Days to Expiration: 185 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 CHS @ 25.11 -
19-Jun-07 - Initial Call Option - STO 1 Nov07 25.00 Call @ 2.61 - Closed
24-Oct-07 - Buy Back - BTC 1 Nov07 25.00 Call @ -0.04 -
24-Oct-07 - Dollar Cost Averaging - BTO 200 CHS @ 12.66 -
24-Oct-07 - Combined Cost Basis - $5,042.00 300 @ 16.81 -
24-Oct-07 - Interim Trade - STO 3 Dec07 15.00 Call @ 0.39 -
CHS is down about 50% from my original purchase price. Since I still like this company I decided to average down and buy an additional 200 shares, which still keeps me within my 5% position limit. By averaging down I reduced my cost basis from 25.11 to 16.81 (33%), so the stock is now down only 33%, instead of 50%, from my average cost basis. I then sold a Dec 15.00, which is an interim trade, meaning I don't want to let the stock get called away at this price since it'll result in a loss.
This is one reason why I start with small positions and don't commit the entire 5% of capital to a position in the beginning. If a stock declines I can then average down up to the 5% limit, which reduces my cost basis.
24-Oct-07 - Buy Back - BTC 1 Nov07 25.00 Call @ -0.04 -
24-Oct-07 - Dollar Cost Averaging - BTO 200 CHS @ 12.66 -
24-Oct-07 - Combined Cost Basis - $5,042.00 300 @ 16.81 -
24-Oct-07 - Interim Trade - STO 3 Dec07 15.00 Call @ 0.39 - Expired
Current Position Summary:
Stock Investment: $5,042.00
Income Generated: $374.90
Percent Income Generated: 7.44%
Annualized Income Generated: 14.67%
Net Profit If Called: -$167.10
Percent Return If Called: -3.31%
Annualized Return If Called: -6.54%
Days to Expiration: 185 days
Trade History:
19-Jun-07 - Initial Stock Position - BTO 100 CHS @ 25.11 -
19-Jun-07 - Initial Call Option - STO 1 Nov07 25.00 Call @ 2.61 - Closed
24-Oct-07 - Buy Back - BTC 1 Nov07 25.00 Call @ -0.04 -
24-Oct-07 - Dollar Cost Averaging - BTO 200 CHS @ 12.66 -
24-Oct-07 - Combined Cost Basis - $5,042.00 300 @ 16.81 -
24-Oct-07 - Interim Trade - STO 3 Dec07 15.00 Call @ 0.39 -
CHS is down about 50% from my original purchase price. Since I still like this company I decided to average down and buy an additional 200 shares, which still keeps me within my 5% position limit. By averaging down I reduced my cost basis from 25.11 to 16.81 (33%), so the stock is now down only 33%, instead of 50%, from my average cost basis. I then sold a Dec 15.00, which is an interim trade, meaning I don't want to let the stock get called away at this price since it'll result in a loss.
This is one reason why I start with small positions and don't commit the entire 5% of capital to a position in the beginning. If a stock declines I can then average down up to the 5% limit, which reduces my cost basis.
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