Wednesday, February 10, 2010

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%

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