Monday, April 28, 2008

GGC - Closed

The GGC position was closed today for a loss. The following is the trade history and returns, including IB commissions.

Covered Call Results

Stock Investment: $4,269.00
Income Generated: $724.05
Net Profit: -$1,647.45
Percent Return: -38.59%
Annualized Return: -32.61%
Duration of Trade: 432 days

Buy & Hold Comparison

Opening Price: $20.54
Closing Price: $6.32
P/L per Share: -$14.22
Shares: 100
Dividends: $0.00
Net Profit: -$1,422.00
Percent Return: -69.23%
Annualized Return: -58.48%
Duration of Trade: 432 days

Trade History:

21-Feb-07 - Initial Stock Position - BTO 100 GGC @ 20.54 - Closed
21-Feb-07 - Initial Call Option - STO 1 May07 20.00 Call @ 2.13 - Expired
10-Apr-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
21-May-07 - Continued Trade - STO 1 Jun07 20.00 Call @ 0.29 - Expired
19-Jun-07 - Continued Trade - STO 1 Nov07 20.00 Call @ 1.39 - Closed
10-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
10-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
02-Nov-07 - Buy Back & Roll Down - BTC 1 Nov07 20.00 Call @ -0.06 -
02-Nov-07 - Dollar Cost Averaging - BTO 200 GGC @ 11.08 - Closed
02-Nov-07 - Combined Cost Basis - $4,269.00 300 @ 14.23 -
02-Nov-07 - Interim Trade - STO 3 Dec07 12.50 Call @ 0.39 - Expired
10-Jan-08 - Dividend Received - DIV 300 Dividend @ 0.08 -
24-Jan-08 - Interim Trade - STO 3 Mar08 7.50 Call @ 0.29 - Expired
25-Mar-08 - Interim Trade - STO 3 May08 10.00 Call @ 0.29 - Closed
10-Apr-08 - Dividend Received - DIV 300 Dividend @ 0.08 -
28-Apr-08 - Close Option Position - BTC 3 May08 10.00 Call @ -0.06 -
28-Apr-08 - Close Stock Position - STC 3 Closed @ 6.33 -