This position was rolled forward to August expiration. The new profit/loss info is below:
1/15/2010 -- Sold to Open 1 MFLX February $25 Put @ 1.2324
2/5/2010 -- Bought to Open 1 MFLX February $20 Put @ 0.4101
2/19/2010 -- Stock Bought Due To Option ITM @ $25.10
2/22/2010 -- Sold to Open 1 MFLX April $25 Call @ .2824
4/9/2010 -- Bought to Close 1 MFLX April $25 Call @ .2975
4/9/2010 -- Sold 100 MFLX @ 24.8295
4/9/2010 -- Sold to Open 1 MFLX May $25 Put @ 1.4399
5/7/2010 -- Bought to Close 1 MFLX May $25 Put @ 0.89
5/7/2010 -- Sold to Open 1 MFLX June $25 Put @ 1.37
5/25/2010 -- Bought to Close 1 MFLX June $25 Put @ 2.02
5/25/2010 -- Sold to Open 1 MFLX July $25 Put @ 2.55
6/24/2010 -- Bought to Close 1 MFLX July $25 Put @ 0.72
6/24/2010 -- Sold to Open 1 MFLX August $25 Put @ 1.60
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $23.77
Current Cost Average: $21.13
Commissions (Included In Cost): $39
Potential Annualized Gain If Called At Expiration (8/20/2010): 27.36%
Showing posts with label Update Transaction. Show all posts
Showing posts with label Update Transaction. Show all posts
Thursday, June 24, 2010
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%
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%
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%
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%
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%
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
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%
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%
Thursday, January 21, 2010
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
1/15/2010 -- Call Expired
1/21/2010 -- Sold To Open 1 GME April $23 Call @ 0.55
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: $22.28
Commissions (Included In Cost): $20
Downside Coverage: None
Possible Max Upside: 2.92%
Annualized Max Upside: 7.02%
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
1/15/2010 -- Call Expired
1/21/2010 -- Sold To Open 1 GME April $23 Call @ 0.55
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: $22.28
Commissions (Included In Cost): $20
Downside Coverage: None
Possible Max Upside: 2.92%
Annualized Max Upside: 7.02%
Tuesday, January 19, 2010
Update Transaction - Marathon Oil (MRO)
The position was continued in Marathon Oil, the company also pays a dividend in February. 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
1/15/2010 -- Call Expired
1/19/2010 -- Sold To Open 1 MRO February $33 Call @ 0.40
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): $15
Current Cost Average: $31.38
Possible Max Upside: 4.92%
Annualized Max Upside: 21.89%
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
1/15/2010 -- Call Expired
1/19/2010 -- Sold To Open 1 MRO February $33 Call @ 0.40
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): $15
Current Cost Average: $31.38
Possible Max Upside: 4.92%
Annualized Max Upside: 21.89%
Update Transaction - Discover Financial Services (DFS)
It was decided to continue the position in Discover Financial Services. 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
1/19/2010 -- Sold To Open 1 DFS February $15 Call @ 0.4324
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: $13.9076
Possible Max Upside: 6.91%
Annualized Max Upside: 42.75%
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
1/19/2010 -- Sold To Open 1 DFS February $15 Call @ 0.4324
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: $13.9076
Possible Max Upside: 6.91%
Annualized Max Upside: 42.75%
Wednesday, January 6, 2010
Dividend and Update Transaction - Verizon (VZ)
This is one of my two positions in Verizon which was not called away yesterday preceding the ex-dividend date. I was not that surprised by this position not being called as there was about 50 cents of time premium remaining, and the dividend is around 50 cents. As a result I rolled out my call from April to July to continue the ex-dividend strategy. This also keeps the possible annualized return the same as it would have been had I let the position expire in April. 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
1/6/2010 -- Dividend @ 0.475
1/6/2010 -- Bought To Close 1 VZ April $32 Call @ 1.56
1/6/2010 -- Sold To Open 1 VZ July $32 Call @1.93
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3154.99
Current Cost Average: $30.705
Commissions (Included In Cost): $15
Downside Coverage (from current price of $31.92): 3.8%
Potential Annualized Gain If Called At Expiration (7/17/2010): 12.39%
12/24/2009 -- Bought 100 VZ @ 33.3599
12/24/2009 -- Sold To Open 1 VZ April $32 Call @ 1.81
1/6/2010 -- Dividend @ 0.475
1/6/2010 -- Bought To Close 1 VZ April $32 Call @ 1.56
1/6/2010 -- Sold To Open 1 VZ July $32 Call @1.93
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3154.99
Current Cost Average: $30.705
Commissions (Included In Cost): $15
Downside Coverage (from current price of $31.92): 3.8%
Potential Annualized Gain If Called At Expiration (7/17/2010): 12.39%
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%
Tuesday, December 8, 2009
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
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
Wednesday, November 25, 2009
Update Transaction - Fluor (FLR)
Here is a good example of the difficulty of being human. This particular series of trades actually brought me to another important realization regarding the covered calls investing portfolio. I sold a call on the position on Nov. 23 which would have resulted in an extremely low return if called away, about 2% annualized. The next day the stock rose about 2.5% as a result of some comments made by Jim Cramer on his show. I took the emotional route, and bought back the call in the expectation that this rise would continue, but instead the stock began to fall, and I had simply lost $40 due to my actions. What I have come to realize as a result of this is regarding the reasoning behind selling calls which are either a few months out, or are very much out-of-the-money but very low premiums. The example would be the following:
Let's say you buy a stock at $40 and sell a $40 call for $1, which makes your cost basis $39. At expiration the stock is $35. A $40 call is $0.20, and a $37.50 call is $1. Now the normal response (at least for me), would be to sell the $40 call for $0.20. Except, an important thing to consider would be if you compare your options vs. establishing a new position if you were to simply exit the position, if you sell a $37.50 option, that would give you a 10% return. That kind of return is something that you would most likely not be able to find if you tried to create a new position.
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
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $4582.00
Potential Gain: N/A
Potential Annualized Gain If Called At Expiration: N/A
Let's say you buy a stock at $40 and sell a $40 call for $1, which makes your cost basis $39. At expiration the stock is $35. A $40 call is $0.20, and a $37.50 call is $1. Now the normal response (at least for me), would be to sell the $40 call for $0.20. Except, an important thing to consider would be if you compare your options vs. establishing a new position if you were to simply exit the position, if you sell a $37.50 option, that would give you a 10% return. That kind of return is something that you would most likely not be able to find if you tried to create a new position.
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
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $4582.00
Potential Gain: N/A
Potential Annualized Gain If Called At Expiration: N/A
Subscribe to:
Posts (Atom)