A new position was established today on TIP. The following is the trade information, including IB commissions:
03-Nov-08 - Initial Stock Position - BTO 100 TIP @ 92.60
03-Nov-08 - Initial Call Option - STO 1 Nov08 93.00 Call @ 0.49
Stock Investment: $9,260.00
Income Generated: $49.00
Percent Income Generated: 0.53%
Annualized Income Generated: 10.73%
Net Profit If Called: $89.00
Percent Return If Called: 0.96%
Annualized Return If Called: 19.49%
Days Held to Expiration: 18 days
Monday, November 3, 2008
PG - New Position
A new position was established today on PG. The following is the trade information, including IB commissions:
03-Nov-08 - Initial Stock Position - BTO 100 PG @ 64.66
03-Nov-08 - Initial Call Option - STO 1 Nov08 62.50 Call @ 3.59
Stock Investment: $6,466.00
Income Generated: $359.00
Percent Income Generated: 5.55%
Annualized Income Generated: 112.58%
Net Profit If Called: $143.00
Percent Return If Called: 2.21%
Annualized Return If Called: 44.85%
Days Held to Expiration: 18 days
03-Nov-08 - Initial Stock Position - BTO 100 PG @ 64.66
03-Nov-08 - Initial Call Option - STO 1 Nov08 62.50 Call @ 3.59
Stock Investment: $6,466.00
Income Generated: $359.00
Percent Income Generated: 5.55%
Annualized Income Generated: 112.58%
Net Profit If Called: $143.00
Percent Return If Called: 2.21%
Annualized Return If Called: 44.85%
Days Held to Expiration: 18 days
JNJ - New Position
A new position was established today on JNJ. The following is the trade information, including IB commissions:
03-Nov-08 - Initial Stock Position - BTO 100 JNJ @ 61.46
03-Nov-08 - Initial Call Option - STO 1 Nov08 60.00 Call @ 2.95
Stock Investment: $6,146.00
Income Generated: $295.00
Percent Income Generated: 4.80%
Annualized Income Generated: 97.33%
Net Profit If Called: $149.00
Percent Return If Called: 2.42%
Annualized Return If Called: 49.16%
Days Held to Expiration: 18 days
03-Nov-08 - Initial Stock Position - BTO 100 JNJ @ 61.46
03-Nov-08 - Initial Call Option - STO 1 Nov08 60.00 Call @ 2.95
Stock Investment: $6,146.00
Income Generated: $295.00
Percent Income Generated: 4.80%
Annualized Income Generated: 97.33%
Net Profit If Called: $149.00
Percent Return If Called: 2.42%
Annualized Return If Called: 49.16%
Days Held to Expiration: 18 days
CL - New Position
A new position was established today on CL. The following is the trade information, including IB commissions:
03-Nov-08 - Initial Stock Position - BTO 100 CL @ 63.98
03-Nov-08 - Initial Call Option - STO 1 Nov08 60.00 Call @ 5.19
Stock Investment: $6,398.00
Income Generated: $519.00
Percent Income Generated: 8.11%
Annualized Income Generated: 164.49%
Net Profit If Called: $121.00
Percent Return If Called: 1.89%
Annualized Return If Called: 38.35%
Days Held to Expiration: 18 days
03-Nov-08 - Initial Stock Position - BTO 100 CL @ 63.98
03-Nov-08 - Initial Call Option - STO 1 Nov08 60.00 Call @ 5.19
Stock Investment: $6,398.00
Income Generated: $519.00
Percent Income Generated: 8.11%
Annualized Income Generated: 164.49%
Net Profit If Called: $121.00
Percent Return If Called: 1.89%
Annualized Return If Called: 38.35%
Days Held to Expiration: 18 days
Sunday, November 2, 2008
Portfolio Changes
Over the course of the past few months, all of the positions in my buy & hold portfolio hit their respective stop losses. Some were closed at a profit and some at a loss, but overall, a net profit was realized. With the buy & hold portfolio now 100% in cash, I decided to close out this portfolio and redirect the funds into my covered call portfolio and my closed-end fund portfolio.
My buy & hold portfolio and covered call portfolio both shared the same account at Interactive Brokers. By closing the buy & hold portfolio it will be easier to track my covered call portfolio, since it will now be in an account of its own.
A portion of the funds will also be redirected to my closed-end fund portfolio at Scottrade. Most of these funds are down about 40% and trading at double digit discounts to NAV with double digit dividend yields, so this is a great buying opportunity.
This change will leave me with 4 retirement portfolios:
1. An employer 401K portfolio.
US Stocks: 30%
Foreign Stocks: 30%
High-Grade Bonds: 15%
High-Yield Bonds: 10%
Inflation-Protected Treasuries: 10%
Real Estate: 5%
2. Vanguard index fund portfolio.
US Stocks: 30%
Foreign Stocks: 30%
High-Grade Bonds: 10%
High-Yield Bonds: 10%
Precious Metals: 10%
Inflation-Protected Treasuries: 5%
Real Estate: 5%
3. Scottrade closed-end fund portfolio.
Equities: 85%
Fixed Income: 15%
4. Interactive Brokers covered call portfolio.
Cash: 10%
Equities: 80%
Fixed Income: 10%
With new funds now available in my covered call portfolio I'll be able to establish additional equity and fixed income positions for Nov expiration. These trades will be posted when the positions are established, probably sometime this week.
My buy & hold portfolio and covered call portfolio both shared the same account at Interactive Brokers. By closing the buy & hold portfolio it will be easier to track my covered call portfolio, since it will now be in an account of its own.
A portion of the funds will also be redirected to my closed-end fund portfolio at Scottrade. Most of these funds are down about 40% and trading at double digit discounts to NAV with double digit dividend yields, so this is a great buying opportunity.
This change will leave me with 4 retirement portfolios:
1. An employer 401K portfolio.
US Stocks: 30%
Foreign Stocks: 30%
High-Grade Bonds: 15%
High-Yield Bonds: 10%
Inflation-Protected Treasuries: 10%
Real Estate: 5%
2. Vanguard index fund portfolio.
US Stocks: 30%
Foreign Stocks: 30%
High-Grade Bonds: 10%
High-Yield Bonds: 10%
Precious Metals: 10%
Inflation-Protected Treasuries: 5%
Real Estate: 5%
3. Scottrade closed-end fund portfolio.
Equities: 85%
Fixed Income: 15%
4. Interactive Brokers covered call portfolio.
Cash: 10%
Equities: 80%
Fixed Income: 10%
With new funds now available in my covered call portfolio I'll be able to establish additional equity and fixed income positions for Nov expiration. These trades will be posted when the positions are established, probably sometime this week.
Saturday, October 25, 2008
The Brainwashing of the American Investor
As I previously stated, I'm currently reading The Brainwashing of the American Investor
by Steven Selengut. While I don't necessarily agree with all of his Wall Street conspiracy theories, I do agree with his investment principles and working capital model, which is quite similar to the way I currently track my covered call portfolio.
I'll be making some minor changes based on this book, especially in the area of performance tracking and reporting. One change I already made was to change my asset allocation to include a fixed income component.
Anyway, here are a few thoughts from the book which I agree with:
- Portfolio management is the effort to achieve personal goals and objectives using a stable strategy.
- The only valid performance analysis is one that compares your personal results with your own personally stated goals and objectives.
- Monitoring investment performance the Wall Street way (e.g. market value) is inappropriate and problematic for goal-oriented investors.
- Ultimately, the income generated by your assets is more important than their current market value.
- The classic long-term goal of an investment program is to live off the income produced by assets, without ever having to invade principal.
- The three big investment principles are quality, diversification, and income generation.
- In the long run, the inherent quality of the securities we buy will be the primary determinant of how successful our investment program becomes.
- A diversified portfolio will have no more than 5% of its assets in any one individual security.
- Never discount the importance of cash flow. Cash pays the bills, particularly at retirement.
- The three basic objectives are, growth of base income, profit production from trading, and overall growth in working capital. Market value, while monitored, does not play a role in meeting any of these objectives.
In future posts, I'll explain the changes I'm making to the performance tracking and reporting. This will take some time to setup, but I hope to have it complete by either Nov or Dec options expiration.
by Steven Selengut. While I don't necessarily agree with all of his Wall Street conspiracy theories, I do agree with his investment principles and working capital model, which is quite similar to the way I currently track my covered call portfolio.I'll be making some minor changes based on this book, especially in the area of performance tracking and reporting. One change I already made was to change my asset allocation to include a fixed income component.
Anyway, here are a few thoughts from the book which I agree with:
- Portfolio management is the effort to achieve personal goals and objectives using a stable strategy.
- The only valid performance analysis is one that compares your personal results with your own personally stated goals and objectives.
- Monitoring investment performance the Wall Street way (e.g. market value) is inappropriate and problematic for goal-oriented investors.
- Ultimately, the income generated by your assets is more important than their current market value.
- The classic long-term goal of an investment program is to live off the income produced by assets, without ever having to invade principal.
- The three big investment principles are quality, diversification, and income generation.
- In the long run, the inherent quality of the securities we buy will be the primary determinant of how successful our investment program becomes.
- A diversified portfolio will have no more than 5% of its assets in any one individual security.
- Never discount the importance of cash flow. Cash pays the bills, particularly at retirement.
- The three basic objectives are, growth of base income, profit production from trading, and overall growth in working capital. Market value, while monitored, does not play a role in meeting any of these objectives.
In future posts, I'll explain the changes I'm making to the performance tracking and reporting. This will take some time to setup, but I hope to have it complete by either Nov or Dec options expiration.
Thursday, October 23, 2008
TIP - New Position
A new dividend position was established today on TIP. The following is the trade information, including IB commissions:
23-Oct-08 - Initial Stock Position - BTO 100 TIP @ 97.24
23-Oct-08 - Initial Call Option - STO 1 Nov08 98.00 Call @ 0.84
03-Nov-08 - Dividend Received - DIV 100 Dividend @ 0.80 - Approx.
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $9,724.00
Income Generated: $84.00
Percent Income Generated: 0.86%
Annualized Income Generated: 28.66%
Net Profit If Called: $160.00
Percent Return If Called: 1.65%
Annualized Return If Called: 54.60%
Days Held to Ex-Dividend Date: 11 days
Summary with the dividend if called at option expiration:
Stock Investment: $9,724.00
Income Generated: $164.00
Percent Income Generated: 1.69%
Annualized Income Generated: 21.23%
Net Profit If Called: $240.00
Percent Return If Called: 2.47%
Annualized Return If Called: 31.06%
Days Held to Expiration: 29 days
Dividend Information:
Ex-Dividend Date: 11/03/08 approx.
Dividend Pay Date: 11/05/08 approx.
Dividend Rate: $9.60 approx.
Dividend Yield on Cost: 9.87% approx.
23-Oct-08 - Initial Stock Position - BTO 100 TIP @ 97.24
23-Oct-08 - Initial Call Option - STO 1 Nov08 98.00 Call @ 0.84
03-Nov-08 - Dividend Received - DIV 100 Dividend @ 0.80 - Approx.
Summary without the dividend if called early on Ex-Dividend date:
Stock Investment: $9,724.00
Income Generated: $84.00
Percent Income Generated: 0.86%
Annualized Income Generated: 28.66%
Net Profit If Called: $160.00
Percent Return If Called: 1.65%
Annualized Return If Called: 54.60%
Days Held to Ex-Dividend Date: 11 days
Summary with the dividend if called at option expiration:
Stock Investment: $9,724.00
Income Generated: $164.00
Percent Income Generated: 1.69%
Annualized Income Generated: 21.23%
Net Profit If Called: $240.00
Percent Return If Called: 2.47%
Annualized Return If Called: 31.06%
Days Held to Expiration: 29 days
Dividend Information:
Ex-Dividend Date: 11/03/08 approx.
Dividend Pay Date: 11/05/08 approx.
Dividend Rate: $9.60 approx.
Dividend Yield on Cost: 9.87% approx.
Asset Allocation Change
I'm currently reading The Brainwashing of the American Investorby Steven Selengut. In the book he recommends using two asset classes: fixed income and equities, in a proportion suitable for your personal situation. He also recommends basing the asset allocation on a working capital model, where working capital is defined as the total cost basis of the securities and cash in an investment portfolio. Working capital is increased by dividends, interest, realized capital gains, and deposits. Working capital is decreased by realized capital losses and withdrawals.
Currently, my covered call portfolio uses two asset classes based on working capital: 10-20% cash and 80-90% equities. After reading the book, I've decide to change my asset allocation into three asset classes: 10% cash, 10% fixed income, and 80% equities.
For the fixed income portion, I've decided to use TIP, an ETF that tracks the Lehman Brothers U.S. TIPS (Treasury Inflation Protection Securities) Index. TIP pays a monthly dividend, currently yielding over 9%. Options are also available for TIP, so I plan to sell OTM covered calls in addition to collecting the dividends. The goal is to slowly accumulate shares in TIP up to 20% of working capital. This should provide a fairly stable source of income.
For the equity portion, I'll stick with my current strategy of investing in dividend paying companies selling at a discount to intrinsic value, and selling covered calls.
The cash portion will be reserved for making any necessary adjustments to the covered call positions in both the fixed income and equity positions.
Hopefully, this change in asset allocation will provide some additional stability to the monthly income generated by this portfolio.
by Steven Selengut. In the book he recommends using two asset classes: fixed income and equities, in a proportion suitable for your personal situation. He also recommends basing the asset allocation on a working capital model, where working capital is defined as the total cost basis of the securities and cash in an investment portfolio. Working capital is increased by dividends, interest, realized capital gains, and deposits. Working capital is decreased by realized capital losses and withdrawals.Currently, my covered call portfolio uses two asset classes based on working capital: 10-20% cash and 80-90% equities. After reading the book, I've decide to change my asset allocation into three asset classes: 10% cash, 10% fixed income, and 80% equities.
For the fixed income portion, I've decided to use TIP, an ETF that tracks the Lehman Brothers U.S. TIPS (Treasury Inflation Protection Securities) Index. TIP pays a monthly dividend, currently yielding over 9%. Options are also available for TIP, so I plan to sell OTM covered calls in addition to collecting the dividends. The goal is to slowly accumulate shares in TIP up to 20% of working capital. This should provide a fairly stable source of income.
For the equity portion, I'll stick with my current strategy of investing in dividend paying companies selling at a discount to intrinsic value, and selling covered calls.
The cash portion will be reserved for making any necessary adjustments to the covered call positions in both the fixed income and equity positions.
Hopefully, this change in asset allocation will provide some additional stability to the monthly income generated by this portfolio.
Monday, October 20, 2008
WGO - Adjustment
The following adjustment was made today on WGO:
20-Oct-08 - Interim Trade - STO 2 Dec08 10.00 Call @ 0.15 -
Current Position Summary:
Stock Investment: $6,455.00
Income Generated: $1,730.10
Percent Income Generated: 26.80%
Annualized Income Generated: 7.83%
Net Profit If Called: -$2,724.90
Percent Return If Called: -42.21%
Annualized Return If Called: -12.34%
Days Held to Expiration: 1249 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 - Expired
21-Feb-08 - Interim Trade - STO 2 Apr08 22.50 Call @ 0.79 - Expired
07-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
23-Apr-08 - Interim Trade - STO 2 Jul08 17.50 Call @ 0.49 - Expired
08-Jul-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
22-Jul-08 - Interim Trade - STO 2 Sep08 15.00 Call @ 0.40 - Closed
12-Sep-08 - Buy Back & Roll Out - BTC 2 Sep08 15.00 Call @ -0.06 -
12-Sep-08 - Interim Trade - STO 2 Oct08 15.00 Call @ 0.23 - Expired
06-Oct-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
20-Oct-08 - Interim Trade - STO 2 Dec08 10.00 Call @ 0.15 -
20-Oct-08 - Interim Trade - STO 2 Dec08 10.00 Call @ 0.15 -
Current Position Summary:
Stock Investment: $6,455.00
Income Generated: $1,730.10
Percent Income Generated: 26.80%
Annualized Income Generated: 7.83%
Net Profit If Called: -$2,724.90
Percent Return If Called: -42.21%
Annualized Return If Called: -12.34%
Days Held to Expiration: 1249 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 - Expired
21-Feb-08 - Interim Trade - STO 2 Apr08 22.50 Call @ 0.79 - Expired
07-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
23-Apr-08 - Interim Trade - STO 2 Jul08 17.50 Call @ 0.49 - Expired
08-Jul-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
22-Jul-08 - Interim Trade - STO 2 Sep08 15.00 Call @ 0.40 - Closed
12-Sep-08 - Buy Back & Roll Out - BTC 2 Sep08 15.00 Call @ -0.06 -
12-Sep-08 - Interim Trade - STO 2 Oct08 15.00 Call @ 0.23 - Expired
06-Oct-08 - Dividend Received - DIV 200 Dividend @ 0.12 -
20-Oct-08 - Interim Trade - STO 2 Dec08 10.00 Call @ 0.15 -
WFMI - Adjustment
The following adjustment was made today on WFMI:
20-Oct-08 - Interim Trade - STO 2 Nov08 17.00 Call @ 0.44 -
Current Position Summary:
Stock Investment: $8,563.00
Income Generated: $1,800.80
Percent Income Generated: 21.03%
Annualized Income Generated: 13.28%
Net Profit If Called: -$3,362.20
Percent Return If Called: -39.26%
Annualized Return If Called: -24.79%
Days Held to Expiration: 578 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 WFMI @ 47.19 - VICC
23-Apr-07 - Initial Call Option - STO 1 May07 50.00 Call @ 0.83 - Expired
21-May-07 - Interim Trade - STO 1 Jul07 45.00 Call @ 0.24 - Closed
21-Jun-07 - Buy Back and Roll Out - BTC 1 Jul07 45.00 Call @ -0.03 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 WFMI @ 38.44 -
21-Jun-07 - Combined Cost Basis - $8,563.00 200 @ 42.82 -
21-Jun-07 - Continued Trade - STO 2 Aug07 45.00 Call @ 0.29 - Expired
24-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.18 -
20-Aug-07 - Continued Trade - STO 2 Sep07 50.00 Call @ 0.20 - Expired
24-Sep-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 0.16 - Expired
22-Oct-07 - Continued Trade - STO 2 Dec07 50.00 Call @ 2.64 - Expired
14-Jan-08 - Continued Trade - STO 2 May08 45.00 Call @ 1.45 - Closed
22-Jan-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
22-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
28-Apr-08 - Buy Back & Roll Down - BTC 2 May08 45.00 Call @ -0.06 -
28-Apr-08 - Interim Trade - STO 2 May08 34.00 Call @ 0.53 - Expired
22-May-08 - Interim Trade - STO 2 Jul08 31.00 Call @ 0.54 - Expired
22-Jul-08 - Interim Trade - STO 2 Aug08 24.00 Call @ 0.89 - Expired
22-Aug-08 - Interim Trade - STO 2 Oct08 21.00 Call @ 0.43 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 17.00 Call @ 0.44 -
20-Oct-08 - Interim Trade - STO 2 Nov08 17.00 Call @ 0.44 -
Current Position Summary:
Stock Investment: $8,563.00
Income Generated: $1,800.80
Percent Income Generated: 21.03%
Annualized Income Generated: 13.28%
Net Profit If Called: -$3,362.20
Percent Return If Called: -39.26%
Annualized Return If Called: -24.79%
Days Held to Expiration: 578 days
Trade History:
23-Apr-07 - Initial Stock Position - BTO 100 WFMI @ 47.19 - VICC
23-Apr-07 - Initial Call Option - STO 1 May07 50.00 Call @ 0.83 - Expired
21-May-07 - Interim Trade - STO 1 Jul07 45.00 Call @ 0.24 - Closed
21-Jun-07 - Buy Back and Roll Out - BTC 1 Jul07 45.00 Call @ -0.03 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 WFMI @ 38.44 -
21-Jun-07 - Combined Cost Basis - $8,563.00 200 @ 42.82 -
21-Jun-07 - Continued Trade - STO 2 Aug07 45.00 Call @ 0.29 - Expired
24-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.18 -
20-Aug-07 - Continued Trade - STO 2 Sep07 50.00 Call @ 0.20 - Expired
24-Sep-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 0.16 - Expired
22-Oct-07 - Continued Trade - STO 2 Dec07 50.00 Call @ 2.64 - Expired
14-Jan-08 - Continued Trade - STO 2 May08 45.00 Call @ 1.45 - Closed
22-Jan-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
22-Apr-08 - Dividend Received - DIV 200 Dividend @ 0.20 -
28-Apr-08 - Buy Back & Roll Down - BTC 2 May08 45.00 Call @ -0.06 -
28-Apr-08 - Interim Trade - STO 2 May08 34.00 Call @ 0.53 - Expired
22-May-08 - Interim Trade - STO 2 Jul08 31.00 Call @ 0.54 - Expired
22-Jul-08 - Interim Trade - STO 2 Aug08 24.00 Call @ 0.89 - Expired
22-Aug-08 - Interim Trade - STO 2 Oct08 21.00 Call @ 0.43 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 17.00 Call @ 0.44 -
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