I have decided to close the short put position in TZA. In addition to this, I no longer plan to utilize any short etf strategies in my covered call portfolio. If I feel that the market is in the mood for a drop, I will simply sell deeper ITM options. The profit/loss info is below:
12/8/2009 -- Sold To Open 1 TZA January $10 Put @ 0.4824
12/29/2009 -- Bought To Close 1 TZA January $10 Put @ 0.9075
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Potential Gain If Not Assigned At Expiration: -4.47%
Potential Annualized Gain If Not Assigned At Expiration: -81.51%
Tuesday, December 29, 2009
Dividend Payment - Discover Financial Services (DFS)
Dividend Update. The profit/loss info is below:
12/23/2009 -- Bought 100 DFS @ 14.81
12/23/2009 -- Sold To Open 1 DFS January $15 Call @ 0.45
12/29/2009 -- Dividend @ 0.02
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1436.00
Commissions (Included In Cost): $0
Current Cost Average: $14.34
Possible Max Upside: 3.90%
Annualized Max Upside: 59.31%
12/23/2009 -- Bought 100 DFS @ 14.81
12/23/2009 -- Sold To Open 1 DFS January $15 Call @ 0.45
12/29/2009 -- Dividend @ 0.02
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1436.00
Commissions (Included In Cost): $0
Current Cost Average: $14.34
Possible Max Upside: 3.90%
Annualized Max Upside: 59.31%
Thursday, December 24, 2009
Initial Transaction - Verizon (VZ)
This is a second position in Verizon to take advantage of an upcoming ex-dividend date. The new profit/loss info is below:
12/24/2009 -- Bought 100 VZ @ 33.3599
12/24/2009 -- Sold To Open 1 VZ April $32 Call @ 1.81
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3154.99
Commissions (Included In Cost): $5
Downside Coverage (from current price of $33.3599): 5.43%
Potential Annualized Gain If Called At First Ex-Div. Date (1/7/2010): 38.57%
Potential Annualized Gain If Called At Second Ex-Div. Date (4/7/2010): 10.29%
Potential Annualized Gain If Called At Expiration (4/17/2010): 14.21%
12/24/2009 -- Bought 100 VZ @ 33.3599
12/24/2009 -- Sold To Open 1 VZ April $32 Call @ 1.81
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3154.99
Commissions (Included In Cost): $5
Downside Coverage (from current price of $33.3599): 5.43%
Potential Annualized Gain If Called At First Ex-Div. Date (1/7/2010): 38.57%
Potential Annualized Gain If Called At Second Ex-Div. Date (4/7/2010): 10.29%
Potential Annualized Gain If Called At Expiration (4/17/2010): 14.21%
Wednesday, December 23, 2009
Initial Transaction - Discover Financial Services (DFS)
This is a new position being established in Discover Financial Services, a credit card company. It also currently yields about 0.5%. The profit/loss info is below:
12/23/2009 -- Bought 100 DFS @ 14.81
12/23/2009 -- Sold To Open 1 DFS January $15 Call @ 0.45
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1436.00
Commissions (Included In Cost): $0
Downside Coverage (from current price of $14.81): 3.03%
Possible Max Upside: 3.60%
Annualized Max Upside: 54.75%
12/23/2009 -- Bought 100 DFS @ 14.81
12/23/2009 -- Sold To Open 1 DFS January $15 Call @ 0.45
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1436.00
Commissions (Included In Cost): $0
Downside Coverage (from current price of $14.81): 3.03%
Possible Max Upside: 3.60%
Annualized Max Upside: 54.75%
Initial Transaction - The Buckle (BKE)
This is a new position being established in The Buckle, a retailer which focuses on denim apparel. It also currently yields about 2.73%. The profit/loss info is below:
12/23/2009 -- Bought 100 BKE @ 29.41
12/23/2009 -- Sold To Open 1 BKE January $30 Call @ 0.75
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2866.00
Commissions (Included In Cost): $5
Downside Coverage (from current price of $29.41): 2.55%
Possible Max Upside: 4.13%
Annualized Max Upside: 62.86%
12/23/2009 -- Bought 100 BKE @ 29.41
12/23/2009 -- Sold To Open 1 BKE January $30 Call @ 0.75
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2866.00
Commissions (Included In Cost): $5
Downside Coverage (from current price of $29.41): 2.55%
Possible Max Upside: 4.13%
Annualized Max Upside: 62.86%
Tuesday, December 22, 2009
Initial Transaction - Suncor Energy (SU)
This is a new position being established in Suncor Energy, a Canadian company which focuses on developing the Athabasca oil sands. It also currently yields about 1%. The profit/loss info is below:
12/22/2009 -- Bought 100 SU @ 33.92
12/22/2009 -- Sold To Open 1 SU January $34 Call @ 1.0924
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3282.76
Commissions (Included In Cost): $0.76
Downside Coverage (from current price of $33.92): 3.2%
Possible Max Upside: 3.15%
Annualized Max Upside: 46.05%
12/22/2009 -- Bought 100 SU @ 33.92
12/22/2009 -- Sold To Open 1 SU January $34 Call @ 1.0924
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3282.76
Commissions (Included In Cost): $0.76
Downside Coverage (from current price of $33.92): 3.2%
Possible Max Upside: 3.15%
Annualized Max Upside: 46.05%
Monday, December 21, 2009
Update Transaction - Marathon Oil (MRO)
This is a new position being established in Marathon Oil, an integrated oil/gas company which currently yields a bit higher than 3%. The profit/loss info is below:
11/30/2009 -- Bought 100 MRO @ 32.64
11/30/2009 -- Sold To Open 1 MRO December $33 Call @ 0.71
12/18/2009 -- Call Expired
12/21/2009 -- Sold To Open 1 MRO January $33 Call @ 0.15
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3193.00
Commissions (Included In Cost): $10
Current Cost Average: $31.78
Possible Max Upside: 3.66%
Annualized Max Upside: 28.46%
11/30/2009 -- Bought 100 MRO @ 32.64
11/30/2009 -- Sold To Open 1 MRO December $33 Call @ 0.71
12/18/2009 -- Call Expired
12/21/2009 -- Sold To Open 1 MRO January $33 Call @ 0.15
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3193.00
Commissions (Included In Cost): $10
Current Cost Average: $31.78
Possible Max Upside: 3.66%
Annualized Max Upside: 28.46%
Update Transaction - United States Natural Gas (UNG)
The protective put purchased in November was sold for a small profit. The new profit/loss info is below:
6/11/2009 -- Bought 100 UNG @ 14.50
6/11/2009 -- Sold To Open 1 UNG July $15 Call @ 0.97
7/6/2009 -- Bought To Close 1 UNG July $15 Call @ 0.15
7/17/2009 -- Sold To Open 1 UNG August $15 Call @ 0.45
8/22/2009 -- Call Expired
8/28/2009 -- Bought To Open 1 UNG October $10 Put @ 0.65
9/1/2009 -- Sold To Open 1 UNG January $14 Call @ 0.50
9/2/2009 -- Sold To Close 1 UNG October $10 Put @ 0.95
11/6/2009 -- Bought To Close 1 UNG January $14 Call @ 0.18
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
12/2/2009 -- Sold To Close 1 UNG December $9 Put @ 0.47
12/21/2009 -- Sold To Open 1 UNG February $13 Call @ 0.1725
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1353.00
Current Cost Average: $12.3775
Possible Max Upside: 4.6%
Annualized Max Upside: 6.61%
6/11/2009 -- Bought 100 UNG @ 14.50
6/11/2009 -- Sold To Open 1 UNG July $15 Call @ 0.97
7/6/2009 -- Bought To Close 1 UNG July $15 Call @ 0.15
7/17/2009 -- Sold To Open 1 UNG August $15 Call @ 0.45
8/22/2009 -- Call Expired
8/28/2009 -- Bought To Open 1 UNG October $10 Put @ 0.65
9/1/2009 -- Sold To Open 1 UNG January $14 Call @ 0.50
9/2/2009 -- Sold To Close 1 UNG October $10 Put @ 0.95
11/6/2009 -- Bought To Close 1 UNG January $14 Call @ 0.18
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
12/2/2009 -- Sold To Close 1 UNG December $9 Put @ 0.47
12/21/2009 -- Sold To Open 1 UNG February $13 Call @ 0.1725
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1353.00
Current Cost Average: $12.3775
Possible Max Upside: 4.6%
Annualized Max Upside: 6.61%
Update Transaction - United States Natural Gas (UNG)
The performance metrics are below:
7/23/2009 -- Bought 100 UNG @ 13.14
7/23/2009 -- Sold To Open 1 UNG July $13 Call @ 0.88
8/22/2009 -- Call Expired
8/30/2009 -- Sold To Open 1 UNG October $14 @ 0.25
9/2/2009 -- Bought To Close 1 UNG October $14 @ 0.18
9/2/2009 -- Sold To Open 1 UNG January $12 @ 0.68
9/10/2009 - Bought To Close 1 UNG January $12 @ 0.9
9/10/2009 -- Sold To Open 1 UNG January $13 @ 1.29
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
11/18/2009 -- Sold To Close 1 UNG December $9 Put @ 0.5025
11/25/2009 -- Bought To Close 1 UNG January $13 Call @ 0.12
12/21/2009 -- Sold To Open 1 UNG February $13 Call @ 0.1725
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1226.00
Current Cost Average: $12.1825
Downside Coverage: None
Possible Max Upside: 6.67%
Annualized Max Upside: 11.48%
7/23/2009 -- Bought 100 UNG @ 13.14
7/23/2009 -- Sold To Open 1 UNG July $13 Call @ 0.88
8/22/2009 -- Call Expired
8/30/2009 -- Sold To Open 1 UNG October $14 @ 0.25
9/2/2009 -- Bought To Close 1 UNG October $14 @ 0.18
9/2/2009 -- Sold To Open 1 UNG January $12 @ 0.68
9/10/2009 - Bought To Close 1 UNG January $12 @ 0.9
9/10/2009 -- Sold To Open 1 UNG January $13 @ 1.29
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
11/18/2009 -- Sold To Close 1 UNG December $9 Put @ 0.5025
11/25/2009 -- Bought To Close 1 UNG January $13 Call @ 0.12
12/21/2009 -- Sold To Open 1 UNG February $13 Call @ 0.1725
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1226.00
Current Cost Average: $12.1825
Downside Coverage: None
Possible Max Upside: 6.67%
Annualized Max Upside: 11.48%
Update Transaction - Jack In The Box (JACK)
A January call was sold on this position. The new profit/loss info is below:
9/29/2009 -- Sold To Open 1 JACK November $20 Put @ 0.95
11/20/2009 -- Bought 100 JACK @ 20.05
11/23/2009 -- Sold To Open 1 JACK December $20 Call @ 0.25
12/18/2009 -- Call Expired
12/21/2009 -- Sold To Open 1 JACK January $20 Call @ 0.40
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $19.10
Possible Max Upside: 7.85%
Annualized Max Upside: 26.30%
9/29/2009 -- Sold To Open 1 JACK November $20 Put @ 0.95
11/20/2009 -- Bought 100 JACK @ 20.05
11/23/2009 -- Sold To Open 1 JACK December $20 Call @ 0.25
12/18/2009 -- Call Expired
12/21/2009 -- Sold To Open 1 JACK January $20 Call @ 0.40
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $19.10
Possible Max Upside: 7.85%
Annualized Max Upside: 26.30%
Friday, December 18, 2009
Options Expiration Day - December 2009
The Covered Calls Investor Portfolio contained a total of 8 positions with December 2009 expirations, and 10 positions either with a Non-December expiration or no current covered call. The 8 positions with December expiration had the following results:
- 6 positions (IPI, AMAT, AMAT, INTC, UNG, EWY) closed in-the-money. The annualized gain/loss results (after commissions) were:
Intrepid Potash (IPI) => 35.96% (Held Since 7/30/2009)
Applied Materials (AMAT) => 28.65% (Held Since 10/20/2009)
Intel (INTC) => 14.84% (Held Since 10/21/2009)
Applied Materials (AMAT) => 40.64% (Held Since 11/11/2009)
United States Natural Gas (UNG) => 75.22% (Held Since 11/19/2009)
iShares South Korea ETF (EWY) => 39.42% (Held Since 11/30/2009)
- 2 positions in the portfolio (MRO, JACK) ended out-of-the-money.
Marathon Oil (MRO) - $30.91
100 Shares with Current Cost Basis of $31.93
Marathon Oil has continued to flutter around the $31 mark, since falling from a high of $35 in mid-November. I will continue to hold this position and sell a new call.
Jack In The Box (JACK) - $19.61
100 Shares with Current Cost Basis of $18.85
Over the past few days Jack In The Box has rebounded a bit, most likely due to simply being oversold after the earnings report in November. I will continue to hold this position and sell a new call.
The positions in the portfolio which did not have December expirations include:
United States Natural Gas (UNG)(300 Shares) - April $12 Call, 2 positions uncovered
Fluor (FLR) (100 Shares) - January $45 Call
MEMC Electronics (WFR) (100 Shares) - April $16 Call
Gamestop (GME) (100 Shares) - January $24 Covered Call
Verizon (VZ) (100 Shares) - April $31 Covered Call
New York Community Bancorp (NYB) (100 Shares) - April $12 Covered Call
Life Partners Holdings (LPHI) - 1 January $17.25 Put
- 6 positions (IPI, AMAT, AMAT, INTC, UNG, EWY) closed in-the-money. The annualized gain/loss results (after commissions) were:
Intrepid Potash (IPI) => 35.96% (Held Since 7/30/2009)
Applied Materials (AMAT) => 28.65% (Held Since 10/20/2009)
Intel (INTC) => 14.84% (Held Since 10/21/2009)
Applied Materials (AMAT) => 40.64% (Held Since 11/11/2009)
United States Natural Gas (UNG) => 75.22% (Held Since 11/19/2009)
iShares South Korea ETF (EWY) => 39.42% (Held Since 11/30/2009)
- 2 positions in the portfolio (MRO, JACK) ended out-of-the-money.
Marathon Oil (MRO) - $30.91
100 Shares with Current Cost Basis of $31.93
Marathon Oil has continued to flutter around the $31 mark, since falling from a high of $35 in mid-November. I will continue to hold this position and sell a new call.
Jack In The Box (JACK) - $19.61
100 Shares with Current Cost Basis of $18.85
Over the past few days Jack In The Box has rebounded a bit, most likely due to simply being oversold after the earnings report in November. I will continue to hold this position and sell a new call.
The positions in the portfolio which did not have December expirations include:
United States Natural Gas (UNG)(300 Shares) - April $12 Call, 2 positions uncovered
Fluor (FLR) (100 Shares) - January $45 Call
MEMC Electronics (WFR) (100 Shares) - April $16 Call
Gamestop (GME) (100 Shares) - January $24 Covered Call
Verizon (VZ) (100 Shares) - April $31 Covered Call
New York Community Bancorp (NYB) (100 Shares) - April $12 Covered Call
Life Partners Holdings (LPHI) - 1 January $17.25 Put
Tuesday, December 8, 2009
Initial Transaction - Direxion 3x Small Cap Bear (TZA)
I think the market may be reaching a short-term top, so I decided to hedge a little and sell a put on an ETF which returns 3x the inverse of the Russell 2000. The profit/loss info is below:
12/8/2009 -- Sold To Open 1 TZA January $10 Put @ 0.4824
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Potential Gain If Not Assigned At Expiration: 4.82%
Potential Annualized Gain If Not Assigned At Expiration: 45.15%
12/8/2009 -- Sold To Open 1 TZA January $10 Put @ 0.4824
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Potential Gain If Not Assigned At Expiration: 4.82%
Potential Annualized Gain If Not Assigned At Expiration: 45.15%
Update Transaction - Fluor (FLR)
I decided to sell a call on FLR even though it will result in a slight loss, as the stock has fallen below the $40 mark recently. The profit/loss info is below:
10/7/2009 -- Bought 100 FLR @ 47.07
10/7/2009 -- Sold To Open 1 FLR November $50 Call @ 1.70
11/20/2009 -- Call Expired
11/23/2009 -- Sold To Open 1 FLR December $45 Call @ 0.7
11/25/2009 -- Bought To Close 1 FLR December $45 Call @ 1.15
12/2/2009 -- Dividend @ 0.13
12/8/2009 -- Sold To Open 1 FLR January $45 Call @ 0.65
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $4582.00
Current Cost Average: $45.04
Commissions (included in cost): $20
Potential Gain: -0.20%
Potential Annualized Gain If Called At Expiration: -0.71%
10/7/2009 -- Bought 100 FLR @ 47.07
10/7/2009 -- Sold To Open 1 FLR November $50 Call @ 1.70
11/20/2009 -- Call Expired
11/23/2009 -- Sold To Open 1 FLR December $45 Call @ 0.7
11/25/2009 -- Bought To Close 1 FLR December $45 Call @ 1.15
12/2/2009 -- Dividend @ 0.13
12/8/2009 -- Sold To Open 1 FLR January $45 Call @ 0.65
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $4582.00
Current Cost Average: $45.04
Commissions (included in cost): $20
Potential Gain: -0.20%
Potential Annualized Gain If Called At Expiration: -0.71%
Friday, December 4, 2009
Update Transaction - Gamestop (GME)
I don't believe GME will rebound any time soon now, and so I will sell a new call. The new profit/loss info is below:
11/16/2009 -- Bought 100 GME @ 24.35
11/16/2009 -- Sold To Open 1 GME December $24 Call @ 1.42
12/2/2009 -- Bought To Close 1 GME December $24 Call @ 0.20
12/4/2009 -- Sold To Open 1 GME January $24 Call @ 0.30
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2293.00
Current Cost Average: $22.83
Commissions (Included In Cost): $15
Downside Coverage: None
Possible Max Upside: 4.88%
Annualized Max Upside: 29.23%
11/16/2009 -- Bought 100 GME @ 24.35
11/16/2009 -- Sold To Open 1 GME December $24 Call @ 1.42
12/2/2009 -- Bought To Close 1 GME December $24 Call @ 0.20
12/4/2009 -- Sold To Open 1 GME January $24 Call @ 0.30
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2293.00
Current Cost Average: $22.83
Commissions (Included In Cost): $15
Downside Coverage: None
Possible Max Upside: 4.88%
Annualized Max Upside: 29.23%
Wednesday, December 2, 2009
Update Transaction - MEMC Electronic Materials (WFR)
I am preparing for a long wait, and so I sold an April $16 call. The profit/loss info is below:
10/21/2009 -- Bought 100 WFR @ 15.76
10/21/2009 -- Sold To Open 1 WFR November $16 Call @ 0.81
10/23/2009 -- Bought To Close 1 WFR November $16 Call @ 0.25
10/23/2009 -- Sold To Open 1 WFR November $15 Call @ 0.40
10/27/2009 -- Bought To Close 1 WFR November $15 Call @ 0.20
12/2/2009 -- Sold To Open 1 WFR April $16 Call @ 0.55
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: 1495.00
Current Cost Average: $14.45
Potential Gain If Called At Expiration: 10.03%
Potential Annualized Gain If Called At Expiration: 20.57%
10/21/2009 -- Bought 100 WFR @ 15.76
10/21/2009 -- Sold To Open 1 WFR November $16 Call @ 0.81
10/23/2009 -- Bought To Close 1 WFR November $16 Call @ 0.25
10/23/2009 -- Sold To Open 1 WFR November $15 Call @ 0.40
10/27/2009 -- Bought To Close 1 WFR November $15 Call @ 0.20
12/2/2009 -- Sold To Open 1 WFR April $16 Call @ 0.55
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: 1495.00
Current Cost Average: $14.45
Potential Gain If Called At Expiration: 10.03%
Potential Annualized Gain If Called At Expiration: 20.57%
Update Transaction - Gamestop (GME)
The call sold on GME was bought back with the belief GME will rebound in the next few days and allow a new call to be sold. The new profit/loss info is below:
11/16/2009 -- Bought 100 GME @ 24.35
11/16/2009 -- Sold To Open 1 GME December $24 Call @ 1.42
12/2/2009 -- Bought To Close 1 GME December $24 Call @ 0.20
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2293.00
Current Cost Average: $23.13
Commissions (Included In Cost): $10
Downside Coverage: None
Possible Max Upside: N/A
Annualized Max Upside: N/A
11/16/2009 -- Bought 100 GME @ 24.35
11/16/2009 -- Sold To Open 1 GME December $24 Call @ 1.42
12/2/2009 -- Bought To Close 1 GME December $24 Call @ 0.20
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2293.00
Current Cost Average: $23.13
Commissions (Included In Cost): $10
Downside Coverage: None
Possible Max Upside: N/A
Annualized Max Upside: N/A
Dividend Payment - Fluor (FLR)
This is a dividend update for Fluor (FLR). The profit/loss info is below:
10/7/2009 -- Bought 100 FLR @ 47.07
10/7/2009 -- Sold To Open 1 FLR November $50 Call @ 1.70
11/20/2009 -- Call Expired
11/23/2009 -- Sold To Open 1 FLR December $45 Call @ 0.7
11/25/2009 -- Bought To Close 1 FLR December $45 Call @ 1.15
12/2/2009 -- Dividend @ 0.13
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $4582.00
Current Cost Average: $45.69
Potential Gain: N/A
Potential Annualized Gain If Called At Expiration: N/A
10/7/2009 -- Bought 100 FLR @ 47.07
10/7/2009 -- Sold To Open 1 FLR November $50 Call @ 1.70
11/20/2009 -- Call Expired
11/23/2009 -- Sold To Open 1 FLR December $45 Call @ 0.7
11/25/2009 -- Bought To Close 1 FLR December $45 Call @ 1.15
12/2/2009 -- Dividend @ 0.13
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $4582.00
Current Cost Average: $45.69
Potential Gain: N/A
Potential Annualized Gain If Called At Expiration: N/A
Update Transaction - United States Natural Gas (UNG)
The protective put purchased in November was sold for a small profit. The new profit/loss info is below:
6/11/2009 -- Bought 100 UNG @ 14.50
6/11/2009 -- Sold To Open 1 UNG July $15 Call @ 0.97
7/6/2009 -- Bought To Close 1 UNG July $15 Call @ 0.15
7/17/2009 -- Sold To Open 1 UNG August $15 Call @ 0.45
8/22/2009 -- Call Expired
8/28/2009 -- Bought To Open 1 UNG October $10 Put @ 0.65
9/1/2009 -- Sold To Open 1 UNG January $14 Call @ 0.50
9/2/2009 -- Sold To Close 1 UNG October $10 Put @ 0.95
11/6/2009 -- Bought To Close 1 UNG January $14 Call @ 0.18
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
12/2/2009 -- Sold To Close 1 UNG December $9 Put @ 0.47
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1353.00
Current Cost Average: $12.55
Possible Max Upside: N/A
Annualized Max Upside: N/A
6/11/2009 -- Bought 100 UNG @ 14.50
6/11/2009 -- Sold To Open 1 UNG July $15 Call @ 0.97
7/6/2009 -- Bought To Close 1 UNG July $15 Call @ 0.15
7/17/2009 -- Sold To Open 1 UNG August $15 Call @ 0.45
8/22/2009 -- Call Expired
8/28/2009 -- Bought To Open 1 UNG October $10 Put @ 0.65
9/1/2009 -- Sold To Open 1 UNG January $14 Call @ 0.50
9/2/2009 -- Sold To Close 1 UNG October $10 Put @ 0.95
11/6/2009 -- Bought To Close 1 UNG January $14 Call @ 0.18
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
12/2/2009 -- Sold To Close 1 UNG December $9 Put @ 0.47
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1353.00
Current Cost Average: $12.55
Possible Max Upside: N/A
Annualized Max Upside: N/A
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