Wednesday, February 10, 2010

Update Transaction - J.C. Penney (JCP)

Position rolled forward to March. The new profit/loss info is below:

1/20/2010 -- Bought 100 JCP @ 25.86
1/20/2010 -- Sold To Open 1 JCP February $26 Call @ 1.04
2/10/2010 -- Bought To Close 1 JCP February $26 Call @ 0.2101
2/10/2010 -- Sold To Open 1 JCP March $26 Call @ 0.6399


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2482.00
Current Cost Average: $24.3902
Commissions (Included In Cost): $4

Potential Annualized Gain If Called At Expiration (3/20/2010): 39.88%

Update Transaction - Texas Instruments (TXN)

The position in TXN was rolled forward to next month (March). The new profit/loss info is below:

1/20/2010 -- Bought 100 TXN @ 24.36
1/20/2010 -- Sold To Open 1 TXN February $24 Call @ 1.03
1/28/2010 -- Dividend @ 0.12
2/10/2010 -- Bought To Close 1 TXN February $24 Call @ 0.1701
2/10/2010 -- Sold To Open 1 TXN March $24 Call @ 0.5599


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2333.00
Current Cost Average: $22.8202
Commissions (Included In Cost): $4

Potential Annualized Gain If Called At Expiration (3/20/2010): 31.02%

Dividend Payment - Linear Technology Corp. (LLTC)

This is a dividend update to the position in Linear Technology Corp. Yet again, the stock was not called away previous to the ex-dividend date. The new profit/loss info is below:

2/1/2010 -- Bought 100 LLTC @ 26.88
2/1/2010 -- Sold To Open 1 LLTC February $27 Call @ 0.51
2/10/2010 -- Dividend @ 0.23


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2637.00
Current Cost Average: $26.14
Commissions (Included In Cost): $2

Potential Annualized Gain If Called At Expiration (2/20/2010): 61.92%

Update Transaction - MEMC Electronic Materials (WFR)

In my continuing effort to slowly move all of my positions to IB, I have performed another complicated switching from a covered call position to a cash-secured put position. I also shifted the expiration forward to March. The new 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
2/10/2010 -- Bought To Close 1 WFR April $16 Call @ 0.18
2/10/2010 -- Sold 100 WFR @ 11.96
2/10/2010 -- Sold To Open 1 WFR March $15 Put @ 3.0524


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):


Potential Gain If Not Called At Expiration: 2.56%

Potential Annualized Gain If Not Called At Expiration: 6.22%

Friday, February 5, 2010

Update Transaction - Multi-Fine Electronix (MFLX)

After a lackluster earnings report (which was pre-announced) MFLX took a hit, as a result I decided to buy a protective put after a similar situation occurred on my ABFS position. The profit/loss info is below:

1/15/2010 -- Sold To Open 1 MFLX February $25.00 Put @ 1.2324
2/5/2010 -- Bought To Open 1 MFLX February $20 Put @ 0.4101

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: 3.46%

Potential Annualized Gain If Not Assigned At Expiration: 35.08%

Wednesday, February 3, 2010

Dividend Payment - Intel (INTC)

It would seem the Short-Term Ex-Dividend Strategy (STEX) is not working quite as it is supposed to the last few times. I have no problem holding onto Intel however. This is an update after the passing of the ex-dividend date. The new profit/loss info is below:

1/29/2010 -- Bought 100 INTC @ 19.527
1/29/2010 -- Sold To Open 1 INTC February $19 Call @ 0.73
2/3/2010 -- Dividend @ 0.1575


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1879.70
Current Cost Basis: $1863.95
Commissions (Included In Cost): $2

Potential Annualized Gain If Called At Expiration (2/20/2010): 21.95%

Update Transaction - Verizon (VZ)

This is a bit of a convoluted transaction, but I am basically transitioning this position to my IB account, while also shifting up the expiration date, changing to a CSP and keeping the same annualized return. I know its a bit complicated but its the only way to avoid a wash sale. The new profit/loss info is below:

11/16/2009 -- Bought 100 VZ @ 30.37
11/16/2009 -- Sold To Open 1 VZ April $31 Call @ 1.08
1/6/2009 -- Dividend @ 0.475
2/3/2010 -- Bought To Close 1 VZ April $31 Call @0.37
2/3/2010 -- Sold 100 VZ @ 29.1423
2/3/2010 -- Sold To Open 1 VZ March $31 Put @ 1.999

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2930.00
Current Cost Average (IF ASSIGNED): $29.0428
Commissions (Included In Cost): $11

Potential Annualized Gain If Expires OTM(3/20/2010): 19.67%

Monday, February 1, 2010

Initial Transaction - Linear Technology Corporation (LLTC)

This is a new position in Linear Technology Corporation. It is part of my Short-Term Ex-Dividend Strategy (STEX). The stock pays a dividend in February, with an ex-dividend date of February 10, 2010. The new profit/loss info is below:

2/1/2010 -- Bought 100 LLTC @ 26.88
2/1/2010 -- Sold To Open 1 LLTC February $27 Call @ 0.51


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2637.00
Commissions (Included In Cost): $2


Downside Coverage (from current price of $26.88): 1.90%

Potential Annualized Gain If Called At Ex-Dividend Date (2/10/2010): 116.78%

Potential Annualized Gain If Called At Expiration (2/20/2010): 71.68%

Initial Transaction - Coinstar (CSTR)

Today I decided to open a cash-secured put position in Coinstar (CSTR). The profit/loss info is below:

2/1/2010 -- Sold To Open 1 CSTR February $25.00 Put @ 0.9899

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: 3.96%

Potential Annualized Gain If Not Assigned At Expiration: 30.75%

Closing Transaction - Arkansas Best Corporation (ABFS)

After what can only be described as a horrible earnings report, I have closed my position in ABFS. Although I believe the dividend cut was a good and necessary measure it was one of the main reasons for choosing this transport stock over others. Additionally, the information from UPS regarding the slow recovery in larger freight means ABFS will continue to face pressures. This is the largest loss in the history of CCIP to date. The final profit/loss info is below:

1/11/2010 -- Sold To Open 1 ABFS February $27.50 Put @ 1.6824
2/1/2010 -- Bought To Close 1 ABFS February $27.50 Put @ 5.9675

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A

Final Loss:-16.6%

Final Annualized Loss: -288.48%