Update Transaction - Multi-Fine Electronix (MFLX)

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%

Current Holdings

The current holdings of the CCIP as of June 23, 2010 are:

MEMC Electronic Materials - 100 Shares ($12 July CC)

Verizon - 100 Shares & 1 CSP ($32 July CSP, 100 Shares Uncovered)

Marathon Oil (MRO) - 1 $32 August CSP

Discover Financial (DFS) - 100 Shares ($15 July CC)

Multi-Fineline Electronics (MFLX) - 1 $25 July CSP

Sociedad Quimica y Minera (SQM) - 1 $35 August CSP

Linear Technology (LLTC) - 100 Shares ($27 July CC)

Neutral Tandem (TNDM) - 100 Shares ($15 Aug CC)

Abbott Labs (ABT) - 1 $52.50 August CSP

Texas Instruments (TXN) - 1 $23 July CSP

Life Partners Holdings (LPHI) - 1 $17.50 Aug CSP

JC Penneys (JCP) - 1 $23 July CSP

Nucor (NUE) - 100 Shares ($40 July CC)

McGraw-Hill (MHP) - 1 $27.50 Aug CSP

Suncor (SU) - 1 $28 July CSP

A123 Systems (AONE) - 100 Shares ($9 July CC)

Posting To Resume

After an extended hiatus, posts will resume in the month of July. I will begin with a recap of how the portfolio has fared over the last few months.

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%