Sometimes it is smarter to be lucky, than lucky to be smart. This was definitely the case with TIVO. Last night, an appeals court ruled in their favor on a patent infringement case against Echostar, and was awarded over $100 million in damages. This amount comes to about half of annual revenues for Tivo providing a needed boost in times of decreased demand. This however is a short term boost, and has no real impact on the company's future profits. As such, I decided to exit the position and reap over a 300% annualized gain. The purchase info is below:
4/19/2009 -- Bought 100 TIVO @ 7.48
4/19/2009 -- Sold To Open 1 TIVO June $7.50 Call @ .63
5/28/2009 -- Bought To Close 1 TIVO June $7.50 Call @ .25
5/28/2009 -- Sold To Open 1 TIVO Nov $10 Call @ .35
5/28/2009 -- Bought To Open 1 TIVO June $5 Put @ .2
4/19/2009 -- Bought 100 TIVO @ 7.48
4/19/2009 -- Sold To Open 1 TIVO June $7.50 Call @ .63
5/28/2009 -- Bought To Close 1 TIVO June $7.50 Call @ .25
5/28/2009 -- Sold To Open 1 TIVO Nov $10 Call @ .35
5/28/2009 -- Bought To Open 1 TIVO June $5 Put @ .2
6/3/2009 -- Bought To Close 1 TIVO Nov $10 CAll @ 1.85
6/3/2009 -- Sold 100 TIVO @ 9.70
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $748.00
Realized Upside: 12.95%
Annualized Max Upside: 315.11%
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $748.00
Realized Upside: 12.95%
Annualized Max Upside: 315.11%
No comments:
Post a Comment