Closing Transaction - Fluor (FLR)

After an extremely frustrating run with Fluor, I've finally closed out the position, and sadly lost $19 in total. 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
1/7/2010 -- Bought To Close 1 FLR January $45 Call & Sold 100 FLR @ 44.85

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

Final Gain: -0.42%

Final Annualized Gain: -1.66%

Initial Transaction - Buffalo Wild Wings (BWLD)

I'm a strong believer in investing what you know, and one thing I know from going up in Buffalo, NY is that everyone loves Buffalo wings. So I decided to put my money where my mouth is (no pun intended) and invest in B Dubya 3's (i.e. BWLD). The new profit/loss info is below:

1/7/2009 -- Bought 100 BWLD @ 39.65
1/7/2009 -- Sold To Open 1 BWLD February $40 Call @ 2.06


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3759.00
Commissions (Included In Cost): $6.75


Downside Coverage (from current price of $39.65): 5.2%

Potential Annualized Gain If Called At Expiration (2/20/2010): 47.91%

Initial Transaction - Juniper Networks (JNPR)

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

1/7/2010 -- Sold To Open 1 JNPR February $24 Put @ 0.7124

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: 2.97%

Potential Annualized Gain If Not Assigned At Expiration: 24.62%

Closing Transaction - Suncor (SU)

The position in Suncor was closed today as the stock had risen so much that there was almost no time premium remaining. 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
1/7/2010 -- Bought To Close 1 SU January $34 Call @ 3.1375
1/7/2010 -- Sold 100 SU @ 37.039



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): $7.50

Total Profit: 3.27%

Annualized Profit: 74.63%

Update Transaction - Verizon (VZ)

This was the other position in Verizon which was deeper ITM before expiration. I fully expected this position to be called away as it only had about 15 cents of time value remaining. I reviewed the possibility of rolling the position into July, similar to the other position, but found this would result in a lower annualized return, and so I decided to do nothing. 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

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: $28.815
Commissions (Included In Cost): $5


Downside Coverage (from current price of $30.37): 3.6%

Potential Annualized Gain If Called At Second Ex-Div. Date (4/7/2010): 19.04%

Potential Annualized Gain If Called At Expiration (4/17/2010): 21.64%

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%

Initial Transaction - Abbott Labs (ABT)

Today I opened a new position in Abbott Labs. This position will fall into my 10-20% return category, and is also part of the Long-Term Ex-Dividend strategy (LTEX) which utilizes ex-dividend dates as possible exit points for the position. The new profit/loss info is below:

1/4/2009 -- Bought 100 ABT @ 54.22
1/4/2009 -- Sold To Open 1 ABT May $52.50 Call @ 3.35


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $5087.00
Commissions (Included In Cost): $5


Downside Coverage (from current price of $54.22): 6.2%

Potential Annualized Gain If Called At First Ex-Div. Date (1/13/2010): 125.96%

Potential Annualized Gain If Called At Second Ex-Div. Date (4/13/2010): 14.71%

Potential Annualized Gain If Called At Expiration (5/22/2010): 12.63%