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%
Covered Calls Investing is a blog which tracks one investors approach to covered calls investing. Posts will be made regarding new positions in the CCIP (Covered Calls Investing Portfolio), as well as regarding general investing.
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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