Thursday, July 23, 2009

VMC - Adjustment

The following adjustment was made today on Vulcan Materials (VMC):

23-Jul-09 - Interim Trade - STO 2 Aug09 50.00 Call @ 0.84 -

Current Position Summary:

Stock Investment: $16,005.00
Income Generated: $1,889.00
Percent Income Generated: 11.80%
Annualized Income Generated: 9.39%
Net Profit If Called: -$4,116.00
Percent Return If Called: -25.72%
Annualized Return If Called: -20.45%
Days Held to Expiration: 459 days

Trade History:

19-May-08 - Initial Stock Position - BTO 100 VMC @ 83.94 -
19-May-08 - Initial Call Option - STO 1 Jun08 85.00 Call @ 3.09 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.85 - Closed
14-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 65.00 Call @ -4.50 -
13-Aug-08 - Interim Trade - STO 1 Nov08 70.00 Call @ 6.80 - Expired
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
24-Nov-08 - Interim Trade - STO 1 Dec08 55.00 Call @ 0.99 - Closed
09-Dec-08 - Buy Back and Roll Out/Up - BTC 1 Dec08 55.00 Call @ -21.41 -
09-Dec-08 - Second Stock Position - BTO 100 VMC @ 76.11 -
09-Dec-08 - Combined Cost Basis - $16,005.00 200 @ 80.03 -
09-Dec-08 - Interim Trade - STO 2 May09 80.00 Call @ 10.31 - Closed
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.49 -
12-Feb-09 - Buy Back and Roll In/Down - BTC 2 May09 80.00 Call @ -0.14 -
12-Feb-09 - Interim Trade - STO 2 Mar09 55.00 Call @ 0.54 - Expired
10-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.49 -
24-Mar-09 - Interim Trade - STO 2 May09 45.00 Call @ 2.21 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May09 45.00 Call @ -5.80 -
04-May-09 - Interim Trade - STO 2 Jun09 45.00 Call @ 6.50 - Expired
10-Jun-09 - Dividend Received - DIV 200 Dividend @ 0.49 -
24-Jun-09 - Interim Trade - STO 2 Jul09 50.00 Call @ 0.35 - Expired
23-Jul-09 - Interim Trade - STO 2 Aug09 50.00 Call @ 0.84 -

TGT - Adjustment

The following adjustment was made today on Target (TGT):

23-Jul-09 - Interim Trade - STO 1 Aug09 44.00 Call @ 0.99 -

Current Position Summary:

Stock Investment: $5,937.00
Income Generated: $1,230.48
Percent Income Generated: 20.73%
Annualized Income Generated: 11.97%
Net Profit If Called: -$306.52
Percent Return If Called: -5.16%
Annualized Return If Called: -2.98%
Days Held to Expiration: 632 days

Trade History:

28-Nov-07 - Initial Stock Position - BTO 100 TGT @ 59.37 -
28-Nov-07 - Initial Call Option - STO 1 Dec07 55.00 Call @ 5.66 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb07 55.00 Call @ 0.84 - Expired
21-Feb-08 - Continued Trade - STO 1 Mar08 55.00 Call @ 1.44 - Expired
10-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.14 -
25-Mar-08 - Continued Trade - STO 1 Apr08 55.00 Call @ 1.31 - Expired
23-Apr-08 - Interim Trade - STO 1 May08 55.00 Call @ 0.62 - Closed
16-May-08 - Buy Back & Roll Out/Up - BTC 1 May08 55.00 Call @ -0.11 -
19-May-08 - Continued Trade - STO 1 Jun08 57.50 Call @ 1.21 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.14 -
07-Jul-08 - Continued Trade - STO 1 Jul08 50.00 Call @ 0.58 - Expired
22-Jul-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 1.25 - Closed
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.16 -
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 50.00 Call @ -6.80 -
12-Sep-08 - Continued Trade - STO 1 Oct08 57.50 Call @ 2.62 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 45.00 Call @ 1.18 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 35.00 Call @ 1.39 - Expired
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.16 -
22-Dec-08 - Interim Trade - STO 1 Feb09 40.00 Call @ 1.41 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 30.00 Call @ 0.76 - Closed
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.16 -
20-Mar-09 - Buy Back & Roll Out/Up - BTC 1 Mar09 30.00 Call @ -0.39 -
20-Mar-09 - Interim Trade - STO 1 Apr09 32.50 Call @ 0.93 - Closed
09-Apr-09 - Buy Back & Roll Out/Up - BTC 1 Apr09 32.50 Call @ -7.41 -
09-Apr-09 - Interim Trade - STO 1 Jul09 40.00 Call @ 3.89 - Expired
10-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.16 -
23-Jul-09 - Interim Trade - STO 1 Aug09 44.00 Call @ 0.99 -

LLY - Adjustment

The following adjustment was made today on Eli Lilly (LLY):

23-Jul-09 - Interim Trade - STO 1 Aug09 35.00 Call @ 0.49 -

Current Position Summary:

Stock Investment: $5,003.00
Income Generated: $928.30
Percent Income Generated: 18.55%
Annualized Income Generated: 14.23%
Net Profit If Called: -$574.70
Percent Return If Called: -11.49%
Annualized Return If Called: -8.81%
Days Held to Expiration: 476 days

Trade History:

02-May-08 - Initial Stock Position - BTO 100 LLY @ 49.71 - Called
02-May-08 - Initial Call Option - STO 1 Jun08 50.00 Call @ 1.29 - Expired
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
07-Jul-08 - Continued Trade - STO 1 Aug08 50.00 Call @ 0.29 - Expired
22-Aug-08 - Continued Trade - STO 1 Sep08 50.00 Call @ 0.32 - Expired
10-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
23-Sep-08 - Continued Trade - STO 1 Oct08 50.00 Call @ 0.40 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 40.00 Call @ 0.19 - Expired
24-Nov-08 - Interim Trade - STO 1 Jan09 40.00 Call @ 0.39 - Expired
10-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
29-Jan-09 - Interim Trade - STO 1 Mar09 40.00 Call @ 0.90 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.49 -
24-Mar-09 - Interim Trade - STO 1 Apr09 35.00 Call @ 0.74 - Expired
21-Apr-09 - Interim Trade - STO 1 May09 35.00 Call @ 0.49 - Exercised
13-May-09 - Option Exercised - EX 1 May09 35.00 Call @ 35.00 -
13-May-09 - Repurchase Stock Position - BTO 100 LLY @ 35.32 -
13-May-09 - Interim Trade - STO 1 Jun09 35.00 Call @ 1.59 - Expired
24-Jun-09 - Interim Trade - STO 1 Jul09 35.00 Call @ 0.29 - Expired
23-Jul-09 - Interim Trade - STO 1 Aug09 35.00 Call @ 0.49 -

BBT - Adjustment

The following adjustment was made today on BB&T (BBT):

23-Jul-09 - Interim Trade - STO 2 Aug09 22.00 Call @ 0.62 -
03-Aug-09 - Dividend Received - DIV 200 Dividend @ 0.15 -

Current Position Summary:

Stock Investment: $6.671.00
Income Generated: $1,794.80
Percent Income Generated: 26.90%
Annualized Income Generated: 19.11%
Net Profit If Called: -$476.20
Percent Return If Called: -7.14%
Annualized Return If Called: -5.07%
Days Held to Expiration: 514 days

Trade History:

25-Mar-08 - Initial Stock Position - BTO 100 BBT @ 35.26 -
25-Mar-08 - Initial Call Option - STO 1 Apr08 35.00 Call @ 1.68 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 35.00 Call @ 0.67 - Expired
01-May-08 - Dividend Received - DIV 100 Dividend @ 0.46 -
19-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 1.47 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 27.50 Call @ 0.35 - Closed
01-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 - Expired
03-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -
22-Dec-08 - Continued Trade - STO 2 Jan09 32.50 Call @ 0.19 - Expired
22-Jan-09 - Interim Trade - STO 2 Feb09 25.00 Call @ 0.54 - Expired
02-Feb-09 - Dividend Received - DIV 200 Dividend @ 0.47 -
24-Feb-09 - Interim Trade - STO 2 Mar09 20.00 Call @ 0.34 - Expired
24-Mar-09 - Interim Trade - STO 2 Apr09 22.50 Call @ 0.29 - Closed
17-Apr-09 - Buy Back and Roll Out - BTC 2 Apr09 22.50 Call @ -1.31 -
17-Apr-09 - Interim Trade - STO 2 Jun09 25.00 Call @ 2.40 - Expired
01-May-09 - Dividend Received - DIV 200 Dividend @ 0.47 -
24-Jun-09 - Interim Trade - STO 2 Jul09 24.00 Call @ 0.29 - Expired
23-Jul-09 - Interim Trade - STO 2 Aug09 22.00 Call @ 0.62 -
03-Aug-09 - Dividend Received - DIV 200 Dividend @ 0.15 -

ADP - Adjustment

The following adjustment was made today on Automatic Data Processing (ADP):

23-Jul-09 - Continued Trade - STO 1 Aug09 37.50 Call @ 0.36 -

Current Position Summary:

Stock Investment: $4,308.00
Income Generated: $743.00
Percent Income Generated: 17.25%
Annualized Income Generated: 18.96%
Net Profit If Called: $185.00
Percent Return If Called: 2.30%
Annualized Return If Called: 4.72%
Days Held to Expiration: 332 days

Trade History:

23-Sep-08 - Initial Stock Position - BTO 100 ADP @ 43.08 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 42.50 Call @ 1.75 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 37.50 Call @ 0.84 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 40.00 Call @ 0.46 - Expired
22-Dec-08 - Continued Trade - STO 1 Feb09 42.50 Call @ 0.91 - Expired
01-Jan-09 - Dividend Received - DIV 100 Dividend @ 0.33 -
24-Feb-09 - Interim Trade - STO 1 Apr09 37.50 Call @ 0.75 - Expired
01-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.33 -
21-Apr-09 - Interim Trade - STO 1 May09 39.00 Call @ 0.34 - Expired
18-May-09 - Interim Trade - STO 1 Jun09 37.00 Call @ 0.59 - Closed
08-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 37.00 Call @ -1.30 -
08-Jun-09 - Interim Trade - STO 1 Jul09 37.00 Call @ 1.74 - Expired
01-Jul-09 - Dividend Received - DIV 100 Dividend @ 0.33 -
23-Jul-09 - Continued Trade - STO 1 Aug09 37.50 Call @ 0.36 -

ABT - Adjustment

The following adjustment was made today on Abbott Laboratories (ABT):

23-Jul-09 - Continued Trade - STO 1 Sep09 46.00 Call @ 0.81 -
15-Aug-09 - Dividend Received - DIV 100 Dividend @ 0.40 -

Current Position Summary:

Stock Investment: $4,777.00
Income Generated: $258.00
Percent Income Generated: 5.40%
Annualized Income Generated: 24.34%
Net Profit If Called: $81.00
Percent Return If Called: 1.70%
Annualized Return If Called: 7.64%
Days Held to Expiration: 81 days

Trade History:

25-Mar-08 - Initial Stock Position - BTO 100 ABT @ 54.84 -
25-Mar-08 - Initial Call Option - STO 1 Apr08 55.00 Call @ 1.41 - Expired
15-May-08 - Dividend Received - DIV 100 Dividend @ 0.36 -
23-Apr-08 - Continued Trade - STO 1 Jun08 55.00 Call @ 0.44 - Expired
29-Jun-09 - Initial Call Option - STO 1 Jul09 47.00 Call @ 1.37 - Expired
23-Jul-09 - Continued Trade - STO 1 Sep09 46.00 Call @ 0.81 -
15-Aug-09 - Dividend Received - DIV 100 Dividend @ 0.40 -

Saturday, July 18, 2009

UPS - Adjustment

The following adjustment was made Friday on United Parcel Service (UPS):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 50.00 Call @ -2.16 -
17-Jul-09 - Interim Trade - STO 1 Aug09 50.00 Call @ 3.29 -

I bought back the Jul09 50 Call and rolled it out to a Aug09 50 Call, in order to avoid assignment, for a net credit of $113.00.

Current Position Summary:

Stock Investment: $7,193.00
Income Generated: $1,299.60
Percent Income Generated: 18.07%
Annualized Income Generated: 7.78%
Net Profit If Called: -$893.40
Percent Return If Called: -12.42%
Annualized Return If Called: -5.35%
Days Held to Expiration: 848 days

Trade History:

26-Apr-07 - Initial Stock Position - BTO 100 UPS @ 71.93 - VICC
26-Apr-07 - Continued Trade - STO 1 May07 75.00 Call @ 0.10 - Expired
21-May-07 - Continued Trade - STO 1 Jul07 75.00 Call @ 0.39 - Closed
05-Jun-07 - Dividend Received - DIV 100 Dividend @ 0.42 -
18-Jul-07 - Buy Back & Roll Out/Up - BTC 1 Jul07 75.00 Call @ -0.56 -
18-Jul-07 - Continued Trade - STO 1 Oct07 80.00 Call @ 0.89 -
24-Oct-07 - Continued Trade - STO 1 Dec07 80.00 Call @ 0.35 - Expired
10-Jan-08 - Continued Trade - STO 1 Apr08 75.00 Call @ 1.31 - Expired
04-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Apr-08 - Continued Trade - STO 1 Jun08 75.00 Call @ 0.94 - Expired
03-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
07-Jul-08 - Interim Trade - STO 1 Aug08 65.00 Call @ 0.56 - Closed
15-Aug-08 - Buy Back and Roll Out - BTC 1 Aug08 65.00 Call @ -1.53 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 -
15-Aug-08 - Interim Trade - STO 1 Sep08 65.00 Call @ 2.62 - Closed
09-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
12-Sep-08 - Buy Back & Roll Out/Up - BTC 1 Sep08 65.00 Call @ -3.91 -
12-Sep-08 - Continued Trade - STO 1 Jan09 70.00 Call @ 3.59 - Expired
03-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.45 -
22-Jan-09 - Interim Trade - STO 1 Mar09 55.00 Call @ 0.59 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Mar-09 - Interim Trade - STO 1 Apr09 50.00 Call @ 0.85 - Closed
13-Apr-09 - Buy Back & Roll Out - BTC 1 Apr09 50.00 Call @ -4.00 -
13-Apr-09 - Interim Trade - STO 1 May09 50.00 Call @ 4.89 - Closed
04-May-09 - Buy Back and Roll Out - BTC 1 May09 50.00 Call @ -4.40 -
04-May-09 - Interim Trade - STO 1 Jun09 50.00 Call @ 4.99 - Expired
03-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.45 -
24-Jun-09 - Interim Trade - STO 1 Jul09 50.00 Call @ 0.65 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 50.00 Call @ -2.16 -
17-Jul-09 - Interim Trade - STO 1 Aug09 50.00 Call @ 3.29 -

SNDK - Adjustment

The following adjustment was made Friday on Sandisk (SNDK):

17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 16.00 Call @ -1.97 -
17-Jul-09 - Interim Trade - STO 2 Aug09 16.00 Call @ 2.66 -

I bought back the Jul09 16 Call and rolled it out to a Aug09 16 Call, in order to avoid assignment, for a net credit of $139.20.

Current Position Summary:

Stock Investment: $10,854.00
Income Generated: $4,391.90
Percent Income Generated: 40.46%
Annualized Income Generated: 12.16%
Net Profit If Called: -$3,362.10
Percent Return If Called: -30.05%
Annualized Return If Called: -9.03%
Days Held to Expiration: 1215 days

Trade History:

24-Apr-06 - Initial Stock Position - BTO 100 SNDK @ 59.56 -
24-Apr-06 - Initial Call Option - STO 1 Jul06 57.50 Call @ 7.09 - Closed
06-Jul-06 - Buy Back & Roll Out/Down - BTC 1 Jul06 57.50 Call @ -0.16 -
06-Jul-06 - Second Stock Position - BTO 100 SNDK @ 48.98 -
06-Jul-06 - Combined Cost Basis - $10,854.00 200 @ 54.27 -
06-Jul-06 - Continued Trade - STO 2 Oct06 55.00 Call @ 3.39 - Expired
23-Oct-06 - Continued Trade - STO 2 Jan07 55.00 Call @ 2.14 - Closed
19-Dec-06 - Buy Back & Roll Out/Down - BTC 2 Jan07 55.00 Call @ -0.16 -
19-Dec-06 - Continued Trade - STO 2 Feb07 50.00 Call @ 1.69 - Closed
06-Feb-07 - Buy Back & Roll Out/Down - BTC 2 Feb07 50.00 Call @ -0.06 -
06-Feb-07 - Interim Trade - STO 2 Apr07 45.00 Call @ 1.39 - Expired
27-Apr-07 - Interim Trade - STO 2 May07 45.00 Call @ 0.84 - Expired
21-May-07 - Interim Trade - STO 2 Jun07 45.00 Call @ 0.98 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 2 Jun07 45.00 Call @ -1.46 -
15-Jun-07 - Continued Trade - STO 2 Oct07 50.00 Call @ 2.60 - Expired
22-Oct-07 - Continued Trade - STO 2 Nov07 45.00 Call @ 1.64 - Expired
20-Nov-07 - Continued Trade - STO 2 Dec07 40.00 Call @ 0.67 - Expired
14-Jan-08 - Interim Trade - STO 2 Feb08 35.00 Call @ 0.85 - Expired
21-Feb-08 - Interim Trade - STO 2 Mar08 30.00 Call @ 0.24 - Expired
25-Mar-08 - Interim Trade - STO 2 May08 25.00 Call @ 0.74 - Expired
29-Apr-08 - Buy Back & Roll Out/Up - BTC 2 May08 25.00 Call @ -2.35 -
29-Apr-08 - Interim Trade - STO 2 Jul08 30.00 Call @ 1.38 - Expired
24-Jul-08 - Interim Trade - STO 1 Oct08 20.00 Call @ 0.31 - Expired
24-Jul-08 - Interim Trade - STO 1 Oct08 17.50 Call @ 0.65 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 18.00 Call @ 1.16 - Expired
24-Nov-08 - Interim Trade - STO 2 Dec08 8.00 Call @ 0.27 - Closed
12-Nov-08 - Buy Back and Roll Out/Up - BTC 2 Dec08 8.00 Call @ -2.01 -
11-Dec-08 - Interim Trade - STO 2 Jan09 11.00 Call @ 1.13 - Closed
16-Jan-09 - Buy Back - BTC 2 Jan09 11.00 Call @ -1.05 -
22-Jan-09 - Interim Trade - STO 2 Feb09 13.00 Call @ 0.81 - Expired
24-Feb-09 - Interim Trade - STO 2 Mar09 11.00 Call @ 0.22 - Expired
24-Mar-09 - Interim Trade - STO 2 Apr09 14.00 Call @ 0.67 - Closed
17-Apr-09 - Buy Back and Roll Out - BTC 2 Apr09 14.00 Call @ -1.05 -
17-Apr-09 - Interim Trade - STO 2 May08 15.00 Call @ 1.53 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May08 15.00 Call @ -1.50 -
04-May-09 - Interim Trade - STO 2 Jun09 15.00 call @ 2.25 - Expired
24-Jun-09 - Interim Trade - STO 2 Jul09 16.00 Call @ 0.32 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 16.00 Call @ -1.97 -
17-Jul-09 - Interim Trade - STO 2 Aug09 16.00 Call @ 2.66 -

PLCM - Adjustment

The following adjustment was made Friday on Polycom (PLCM):

17-Jul-09 - Buy Back & Roll Out - BTC 1 Jul09 17.50 Call @ -6.28 -
17-Jul-09 - Interim Trade - STO 1 Aug09 17.50 Call @ 6.27 -

I bought back the Jul09 17.50 Call and rolled it out to a Aug09 17.50 Call, in order to avoid assignment, for a net debit of -$1.00.

Current Position Summary:

Stock Investment: $3,164.00
Income Generated: $770.00
Percent Income Generated: 24.34%
Annualized Income Generated: 12.13%
Net Profit If Called: -$644.00
Percent Return If Called: -20.35%
Annualized Return If Called: -10.15%
Days Held to Expiration: 732 days

Trade History:

20-Aug-07 - Initial Stock Position - BTO 100 PLCM @ 31.64 -
20-Aug-07 - Initial Call Option - STO 1 Sep07 30.00 Call @ 2.55 - Expired
24-Sep-07 - Continued Trade - STO 1 Oct07 30.00 Call @ 0.34 - Expired
22-Oct-07 - Continued Trade - STO 1 Nov07 30.00 Call @ 0.79 - Expired
20-Nov-07 - Continued Trade - STO 1 Dec07 30.00 Call @ 0.27 - Expired
14-Jan-08 - Interim Trade - STO 1 Feb08 25.00 Call @ 0.78 - Expired
21-Feb-08 - Interim Trade - STO 1 Mar08 25.00 Call @ 0.29 - Expired
25-Mar-08 - Interim Trade - STO 1 May08 25.00 Call @ 0.73 - Closed
16-May-08 - Buy Back & Roll Out/Up - BTC 1 May08 25.00 Call @ -0.06 -
19-May-08 - Continued Trade - STO 1 Jul08 30.00 Call @ 0.24 - Expired
22-Jul-08 - Interim Trade - STO 1 Oct08 25.00 Call @ 0.83 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 25.00 Call @ 0.23 - Expired
24-Nov-08 - Interim Trade - STO 1 Jan09 22.50 Call @ 0.39 - Expired
22-Jan-09 - Interim Trade - STO 1 Feb09 15.00 Call @ 0.29 - Expired
24-Feb-09 - Interim Trade - STO 1 Apr09 15.00 Call @ 0.51 - Closed
09-Apr-09 - Buy Back & Roll Out/Up - BTC 1 Apr09 15.00 Call @ -1.91 -
09-Apr-09 - Interim Trade - STO 1 Jul09 17.50 Call @ 1.44 - Closed
17-Jul-09 - Buy Back & Roll Out - BTC 1 Jul09 17.50 Call @ -6.28 -
17-Jul-09 - Interim Trade - STO 1 Aug09 17.50 Call @ 6.27 -

PFE - Adjustment

The following adjustment was made Friday on Pfizer (PFE):

17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 15.00 Call @ -0.03 -
17-Jul-09 - Interim Trade - STO 2 Aug09 15.00 Call @ 0.43 -

I bought back the Jul09 15 Call and rolled it out to a Aug09 15 Call, in order to avoid assignment, for a net credit of $81.60.

Current Position Summary:

Stock Investment: $4,565.00
Income Generated: $949.30
Percent Income Generated: 20.80%
Annualized Income Generated: 13.20%
Net Profit If Called: -$615.70
Percent Return If Called: -13.49%
Annualized Return If Called: -8.56%
Days Held to Expiration: 575 days

Trade History:

24-Jan-08 - Initial Stock Position - BTO 200 PFE @ 22.83 -
24-Jan-08 - Initial Call Option - STO 2 Mar08 22.50 Call @ 0.96 - Expired
04-Mar-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
25-Mar-08 - Continued Trade - STO 2 Jun08 22.50 Call @ 0.24 - Expired
03-Jun-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
24-Jul-08 - Continued Trade - STO 1 Dec08 22.50 Call @ 0.22 -
24-Jul-08 - Continued Trade - STO 1 Dec08 22.50 Call @ 0.22 - Expired
29-Jul-08 - Continued Trade - STO 1 Dec08 22.50 Call @ 0.14 - Expired
03-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
02-Dec-08 - Dividend Received - DIV 200 Dividend @ 0.32 -
22-Dec-08 - Interim Trade - STO 2 Mar09 20.00 Call @ 0.31 - Expired
03-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.32 -
24-Mar-09 - Interim Trade - STO 2 Apr09 15.00 Call @ 0.20 - Expired
21-Apr-09 - Interim Trade - STO 2 Jun09 15.00 Call @ 0.20 - Closed
02-Jun-09 - Dividend Received - DIV 200 Dividend @ 0.16 -
19-Jun-09 - Buy Back and Roll Out - BTC 2 Jun09 15.00 Call @ -0.06 -
19-Jun-09 - Interim Trade - STO 2 Jul09 15.00 Call @ 0.53 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 15.00 Call @ -0.03 -
17-Jul-09 - Interim Trade - STO 2 Aug09 15.00 Call @ 0.43 -

NSC - Adjustment

The following adjustment was made Friday on Norfolk Southern Corp (NSC):

17-Jul-09 - Buy Back and Roll Out/Up - BTC 1 Jul09 38.00 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 100 NSC @ -38.00 -
17-Jul-09 - CSP Margin Used - CSP 100 NSC @ 39.00 -
17-Jul-09 - Continued Trade - STO 1 Aug09 39.00 Put @ 1.22 -

I bought back the Jul09 38 Put and roll out/up to an Aug09 39 Put for a net credit of $116.00. This also increased my cost basis by a total of $100, since I freed up $3,800 in margin ($38*100) and then used $3,900 in margin ($39*100).

Current Position Summary:

CSP Margin Used: $3,900.00
Income Generated: $226.00
Percent Income Generated: 5.79%
Annualized Income Generated: 37.11%
Net Profit If Expired: $226.00
Percent Return If Expired: 5.79%
Annualized Return If Expired: 37.11%
Days Held to Expiration: 57 days

Trade History:

25-Jun-09 - Initial Put Option - STO 1 Jul09 38.00 Put @ 1.10 - Closed
25-Jun-09 - Cash to Secure Put - CSP 100 NSC @ 38.00 - Closed
17-Jul-09 - Buy Back and Roll Out/Up - BTC 1 Jul09 38.00 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 100 NSC @ -38.00 -
17-Jul-09 - CSP Margin Used - CSP 100 NSC @ 39.00 -
17-Jul-09 - Continued Trade - STO 1 Aug09 39.00 Put @ 1.22 -

KO - Adjustment

The following adjustment was made Friday on Coca Cola Company (KO):

17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 47.50 Call @ -2.66 -
17-Jul-09 - Continued Trade - STO 2 Aug09 47.50 Call @ 2.99 -

I bought back the Jul09 47.50 Call and rolled it out to a Aug09 47.50 Call, in order to avoid assignment, for a net credit of $67.20.

Current Position Summary:

Stock Investment: $9,944.99
Income Generated: $941.80
Percent Income Generated: 9.47%
Annualized Income Generated: 10.44%
Net Profit If Called: $496.81
Percent Return If Called: 5.00%
Annualized Return If Called: 5.51%
Days Held to Expiration: 331 days

Trade History:

24-Sep-08 - Initial Stock Position - BTO 100 KO @ 50.22 -
24-Sep-08 - Initial Call Option - STO 1 Oct08 50.00 Call @ 1.59 - Expired
20-Oct-08 - Interim Trade - STO 1 Nov08 50.00 Call @ 0.79 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 50.00 Call @ 0.48 - Expired
15-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.38 -
22-Dec-08 - Interim Trade - STO 1 Jan09 47.50 Call @ 0.55 - Expired
22-Jan-09 - Interim Trade - STO 1 Mar09 47.50 Call @ 0.63 - Expired
24-Mar-09 - Interim Trade - STO 1 Apr09 45.00 Call @ 0.80 - Expired
01-Apr-09 - Dividend Received - DIV 100 Dividend @ 0.41 -
17-Apr-09 - Buy Back and Roll Out - BTC 1 Apr09 45.00 Call @ -0.21 -
17-Apr-09 - Interim Trade - STO 1 May09 45.00 Call @ 1.40 - Closed
15-May-09 - Buy Back and Roll Out - BTC 1 May09 45.00 Call @ -0.06 -
15-May-09 - Interim Trade - STO 1 Jun09 45.00 Call @ 0.99 - Closed
08-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 45.00 Call @ -4.31 -
08-Jun-09 - Second Stock Position - BTO 100 KO @ 49.23 -
08-Jun-09 - Combined Cost Basis - $9,944.99 200 @ 49.72 -
08-Jun-09 - Interim Trade - STO 2 Jul09 47.50 Call @ 2.24 - Closed
01-Jul-09 - Dividend Received - DIV 200 Dividend @ 0.41 -
17-Jul-09 - Buy Back and Roll Out - BTC 2 Jul09 47.50 Call @ -2.66 -
17-Jul-09 - Continued Trade - STO 2 Aug09 47.50 Call @ 2.99 -

JNJ - Adjustment

The following adjustment was made Friday on Johnson & Johnson (JNJ):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 55.00 Call @ -4.10 -
17-Jul-09 - Continued Trade - STO 1 Aug09 55.00 Call @ 3.90 -

I bought back the Jul09 55 Call and rolled it out to a Aug09 55 Call, in order to avoid assignment, for a net debit of -$20.00.

Current Position Summary:

Stock Investment: $6,146.00
Income Generated: $1,099.20
Percent Income Generated: 17.88%
Annualized Income Generated: 22.43%
Net Profit If Called: $453.20
Percent Return If Called: 7.37%
Annualized Return If Called: 9.25%
Days Held to Expiration: 291 days

Trade History:

03-Nov-08 - Initial Stock Position - BTO 100 JNJ @ 61.46 -
03-Nov-08 - Initial Call Option - STO 1 Nov08 60.00 Call @ 2.95 - Expired
24-Nov-08 - Continued Trade - STO 1 Dec08 60.00 Call @ 1.90 - Expired
22-Dec-08 - Continued Trade - STO 1 Jan09 60.00 Call @ 1.45 - Expired
22-Jan-09 - Continued Trade - STO 1 Mar09 60.00 Call @ 0.95 - Expired
10-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.46 -
24-Mar-09 - Continued Trade - STO 1 Apr09 55.00 Call @ 0.80 - Expired
21-Apr-09 - Continued Trade - STO 1 May09 55.00 Call @ 0.30 - Closed
15-May-09 - Buy Back and Roll Out - BTC 1 May09 55.00 Call @ -0.11 -
15-May-09 - Continued Trade - STO 1 Jun09 55.00 Call @ 1.15 - Closed
09-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.49 -
18-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 55.00 Call @ -0.86 -
18-Jun-09 - Continued Trade - STO 1 Jul09 55.00 Call @ 1.70 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 55.00 Call @ -4.10 -
17-Jul-09 - Continued Trade - STO 1 Aug09 55.00 Call @ 3.90 -

COP - Adjustment

The following adjustment was made Friday on ConocoPhillips (COP):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 41.00 Put @ -0.01 -
17-Jul-09 - CSP Margin Returned - CSP 100 COP @ -41.00 -
17-Jul-09 - CSP Margin Used - CSP 100 COP @ 41.00 -
17-Jul-09 - Continued Trade - STO 1 Aug09 41.00 Put @ 1.00 -

I bought back the Jul09 41 Put and roll out to an Aug09 41 Put for a net credit of $124.00, with no increase in cost basis.

Current Position Summary:

CSP Margin Used: $4,100.00
Income Generated: $238.25
Percent Income Generated: 5.81%
Annualized Income Generated: 37.21%
Net Profit If Expired: $238.25
Percent Return If Expired: 5.81%
Annualized Return If Expired: 37.21%
Days Held to Expiration: 57 days

Trade History:

25-Jun-09 - Initial Put Option - STO 1 Jul09 41.00 Put @ 1.14 - Closed
25-Jun-09 - CSP Margin Used - CSP 100 COP @ 41.00 - Closed
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 41.00 Put @ -0.01 -
17-Jul-09 - CSP Margin Returned - CSP 100 COP @ -41.00 -
17-Jul-09 - CSP Margin Used - CSP 100 COP @ 41.00 -
17-Jul-09 - Continued Trade - STO 1 Aug09 41.00 Put @ 1.00 -

CNI - Adjustment

The following adjustment was made Friday on Canadian National Railway (CNI):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 40.00 Call @ -3.64 -
17-Jul-09 - Interim Trade - STO 1 Aug09 40.00 Call @ 4.43 -

I bought back the Jul09 40 Call and rolled it out to a Aug09 40 Call, in order to avoid assignment, for a net credit of $79.00.

Current Position Summary:

Stock Investment: $5,201.00
Income Generated: $1,083.88
Percent Income Generated: 20.84%
Annualized Income Generated: 22.91%
Net Profit If Called: -$117.12
Percent Return If Called: -2.25%
Annualized Return If Called: -2.48%
Days Held to Expiration: 332 days

Trade History:

23-Sep-08 - Initial Stock Position - BTO 100 CNI @ 52.01 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 50.00 Call @ 3.19 - Expired
30-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
30-Sep-08 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
20-Oct-08 - Interim Trade - STO 1 Nov08 45.00 Call @ 1.04 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 40.00 Call @ 0.46 - Expired
22-Dec-08 - Interim Trade - STO 1 Jan09 40.00 Call @ 0.24 - Expired
31-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.19 -
31-Dec-08 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
23-Jan-09 - Interim Trade - STO 1 Feb09 35.00 Call @ 1.29 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 35.00 Call @ 0.64 - Expired
24-Mar-09 - Interim Trade - STO 1 May09 40.00 Call @ 1.14 - Closed
31-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.20 -
31-Mar-09 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
04-May-09 - Buy Back and Roll Out - BTC 1 May09 40.00 Call @ -3.66 -
04-May-09 - Interim Trade - STO 1 Jun09 40.00 Call @ 4.49 - Closed
02-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 40.00 Call @ -5.04 -
02-Jun-09 - Interim Trade - STO 1 Jul09 40.00 Call @ 5.56 - Closed
30-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.22 -
30-Jun-09 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 40.00 Call @ -3.64 -
17-Jul-09 - Interim Trade - STO 1 Aug09 40.00 Call @ 4.43 -

CCL - Adjustment

The following adjustment was made Friday on Carnival (CCL):

17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 25.00 Call @ -1.20 -
17-Jul-09 - Interim Trade - STO 2 Aug09 25.00 Call @ 2.15 -

I bought back the Jul09 25 Call and rolled it out to a Aug09 25 Call, in order to avoid assignment, for a net credit of $191.20.

Current Position Summary:

Stock Investment: $8,125.00
Income Generated: $1,314.60
Percent Income Generated: 16.18%
Annualized Income Generated: 12.41%
Net Profit If Called: -$1,810.40
Percent Return If Called: -22.28%
Annualized Return If Called: -17.09%
Days Held to Expiration: 476 days

Trade History:

02-May-08 - Initial Stock Position - BTO 100 CCL @ 41.36 -
02-May-08 - Initial Call Option - STO 1 Jun08 42.50 Call @ 1.38 - Expired
13-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.40 -
07-Jul-08 - Interim Trade - STO 1 Aug08 35.00 Call @ 0.79 - Closed
05-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 35.00 Call @ -5.11 -
05-Aug-08 - Dollar Cost Averaging - BTO 100 CCL @ 39.89 -
05-Aug-08 - Combined Cost Basis - $8,125.00 200 @ 40.63 -
05-Aug-08 - Continued Trade - STO 2 Oct08 40.00 Call @ 3.15 - Expired
12-Sep-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
20-Oct-08 - Interim Trade - STO 2 Nov08 32.50 Call @ 0.99 - Expired
24-Nov-08 - Interim Trade - STO 2 Jan09 22.50 Call @ 0.64 - Expired
12-Dec-08 - Dividend Received - DIV 200 Dividend @ 0.40 -
22-Jan-09 - Interim Trade - STO 2 Feb09 22.50 Call @ 0.39 - Expired
24-Feb-09 - Interim Trade - STO 2 Apr09 22.50 Call @ 0.79 - Closed
09-Apr-09 - Buy Back and Roll Out/Up - BTC 2 Apr09 22.50 Call @ -3.29 -
09-Apr-09 - Interim Trade - STO 2 Jul09 25.00 Call @ 3.41 - Closed
17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 25.00 Call @ -1.20 -
17-Jul-09 - Interim Trade - STO 2 Aug09 25.00 Call @ 2.15 -

CAT - Adjustment

The following adjustment was made Friday on Caterpillar (CAT):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 34.00 Call @ -0.06 -
17-Jul-09 - Continued Trade - STO 1 Aug09 34.00 Call @ 1.90 -

I bought back the Jul09 34 Call and rolled it out to a Aug09 34 Call, in order to avoid assignment, for a net credit of $184.00.

Current Position Summary:

Stock Investment: $3,428.00
Income Generated: $372.00
Percent Income Generated: 10.85%
Annualized Income Generated: 69.49%
Net Profit If Called: $344.00
Percent Return If Called: 10.04%
Annualized Return If Called: 64.26
Days Held to Expiration: 57 days

Trade History:

25-Jun-09 - Initial Stock Position - BTO 100 CAT @ 34.28 -
25-Jun-09 - Initial Call Option - STO 1 Jul09 34.00 Call @ 1.46 - Closed
20-Aug-09 - Dividend Received - DIV 100 Dividend @ 0.42 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 34.00 Call @ -0.06 -
17-Jul-09 - Continued Trade - STO 1 Aug09 34.00 Call @ 1.90 -

BJS - Adjustment

The following adjustments were made Friday on BJ Services (BJS):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 12.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 100 BJS @ -12.50 -
17-Jul-09 - CSP Margin Used - CSP 300 BJS @ 12.50 -
17-Jul-09 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
17-Jul-09 - Continued Trade - STO 3 Aug09 12.50 Put @ 0.33 -
17-Jul-09 - Option Exercised - EX 2 Jul09 12.50 Call @ 12.50 -

This one is a bit complicated since I had short 2 calls and 1 short put. As you might recall, last month 100 shares were called away early at $12.50, so I re-entered by selling a Jul09 12.50 Put. This month the other 200 shares, which I had sold 2 Jul09 12.50 Calls, were called away. Actually, I allowed them to be called this time so I can convert this position into all puts, which was slightly more profitable than rolling the calls to avoid assignment.

So, in anticipation of being called on 200 shares, I bought back the Jul09 12.50 Put and sold 3 Aug09 50 Puts for a net credit of $93.90. This did not increase my cost basis, since I freed up $1,250 in margin ($12.50*100), then used $3,750 in margin ($12.50*300), and received $2,500 from the sale of the 200 shares that were called away.

Current Position Summary:

Stock Investment: $11,238.00
Income Generated: $3,583.95
Percent Income Generated: 31.89%
Annualized Income Generated: 8.92%
Net Profit If Expired: -$3,904.05
Percent Return If Expired: -34.74%
Annualized Return If Expired: -9.72%
Days Held to Expiration: 1305 days

Trade History:

25-Jan-06 - Initial Stock Position - BTO 200 BJS @ 40.05 - Called
25-Jan-06 - Initial Call Option - STO 2 Feb06 40.00 Call @ 1.54 - Expired
21-Feb-06 - Continued Trade - STO 2 Apr06 40.00 Call @ 0.49 - Closed
20-Mar-06 - Buy Back - BTC 2 Apr06 40.00 Call @ -0.11 -
20-Mar-06 - Second Stock Position - BTO 100 BJS @ 32.29 - Called
20-Mar-06 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
20-Mar-06 - Continued Trade - STO 3 Jul05 37.50 Call @ 0.94 - Expired
14-Jul-06 - Dividend Received - DIV 300 Dividend @ 0.05 -
24-Jul-06 - Interim Trade - STO 3 Oct06 35.00 Call @ 1.19 -
13-Oct-06 - Dividend Received - DIV 300 Dividend @ 0.05 -
23-Oct-06 - Interim Trade - STO 3 Jan07 35.00 Call @ 0.79 -
22-Dec-06 - Buy Back & Roll Out - BTC 3 Jan07 35.00 Call @ -0.11 - Closed
22-Dec-06 - Continued Trade - STO 3 Jul07 35.00 Call @ 1.66 - Closed
12-Jan-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
13-Apr-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
21-Jun-07 - Buy Back & Roll Out/Down - BTC 3 Jul07 35.00 Call @ -0.11 - Closed
21-Jun-07 - Interim Trade - STO 3 Oct07 32.50 Call @ 0.79 - Expired
13-Jul-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
12-Oct-07 - Dividend Received - DIV 300 Dividend @ 0.05 -
30-Oct-07 - Interim Trade - STO 3 Dec07 27.50 Call @ 0.55 - Expired
11-Jan-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
14-Jan-08 - Interim Trade - STO 3 Apr08 27.50 Call @ 0.64 - Closed
14-Apr-08 - Buy Back & Roll Out/Up - BTC 3 Apr08 27.50 Call @ -1.71 -
14-Apr-08 - Interim Trade - STO 3 Jul08 30.00 Call @ 1.84 - Expired
15-Apr-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
15-Jul-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
23-Jul-08 - Continued Trade - STO 2 Aug08 35.00 Call @ 0.42 - Expired
23-Jul-08 - Continued Trade - STO 1 Aug08 32.50 Call @ 1.14 - Expired
22-Aug-08 - Continued Trade - STO 2 Oct08 32.50 Call @ 0.31 - Expired
22-Aug-08 - Continued Trade - STO 1 Oct08 30.00 Call @ 0.78 - Expired
14-Oct-08 - Dividend Received - DIV 300 Dividend @ 0.05 -
20-Oct-08 - Interim Trade - STO 3 Nov08 17.50 Call @ 0.29 - Expired
24-Nov-08 - Interim Trade - STO 3 Jan09 15.00 Call @ 0.24 - Expired
13-Jan-09 - Dividend Received - DIV 300 Dividend @ 0.05 -
22-Jan-09 - Interim Trade - STO 3 Mar09 12.50 Call @ 0.59 - Expired
24-Mar-09 - Interim Trade - STO 3 May09 12.50 Call @ 0.46 - Closed
15-Apr-09 - Dividend Received - DIV 300 Dividend @ 0.05 -
04-May-09 - Buy Back and Roll Out - BTC 3 May09 12.50 Call @ -2.71 -
04-May-09 - Interim Trade - STO 3 Jun09 12.50 Call @ 2.94 - Closed
11-Jun-09 - Option Exercised - EX 1 Jun09 12.50 Call @ 12.50 - Partial Exercise
12-Jun-09 - Cash to Secure Put - CSP 100 BJS @ 12.50 -
12-Jun-09 - Initial Put Position - STO 1 Jul09 12.50 Put @ 0.20 -
18-Jun-09 - Buy Back and Roll Out - BTC 2 Jun09 12.50 Call @ -1.66 -
12-Jun-09 - CSP Margin Used - CSP 100 BJS @ 12.50 - Closed
12-Jun-09 - Initial Put Position - STO 1 Jul09 12.50 Put @ 0.20 - Closed
18-Jun-09 - Buy Back and Roll Out - BTC 2 Jun09 12.50 Call @ -1.66 -
18-Jun-09 - Interim Trade - STO 2 Jul09 12.50 Call @ 1.95 - Exercised
15-Jul-09 - Dividend Received - DIV 200 Dividend @ 0.05 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 12.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 100 BJS @ -12.50 -
17-Jul-09 - CSP Margin Used - CSP 300 BJS @ 12.50 -
17-Jul-09 - Combined Cost Basis - $11,238.00 300 @ 37.46 -
17-Jul-09 - Continued Trade - STO 3 Aug09 12.50 Put @ 0.33 -
17-Jul-09 - Option Exercised - EX 2 Jul09 12.50 Call @ 12.50 -

BHP - Adjustment

The following adjustment was made Friday on BHP Billiton (BHP):

17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 47.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 200 BHP @ -47.50 -
17-Jul-09 - CSP Margin Used - CSP 200 BHP @ 50.00 -
17-Jul-09 - Combined Cost Basis - $13,754.00 200 @ 68.77 -
17-Jul-09 - Continued Trade - STO 2 Aug09 50.00 Put @ 0.74 -

I bought back the Jul09 47.50 Put and roll out/up to an Aug09 50 Put for a net credit of $137.60. This also increased my cost basis by a total of $500, since I freed up $9,500 in margin ($47.50*200) and then used $10,000 in margin ($50*200).

Current Position Summary:

Stock Investment: $13,754.00
Income Generated: $2,767.80
Percent Income Generated: 20.12%
Annualized Income Generated: 19.96%
Net Profit If Expired: -$986.20
Percent Return If Expired: -7.17%
Annualized Return If Expired: -7.11%
Days Held to Expiration: 368 days

Trade History:

18-Aug-08 - Initial Stock Position - BTO 100 BHP @ 65.11 -
18-Aug-08 - Initial Call Option - STO 1 Sep08 65.00 Call @ 3.00 - Expired
22-Sep-08 - Continued Trade - STO 1 Oct08 65.00 Call @ 3.30 - Expired
23-Sep-08 - Second Stock Position - BTO 100 BHP @ 62.43 -
23-Sep-08 - Combined Cost Basis - $12,754.00 200 @ 63.77 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 60.00 Call @ 5.10 - Expired
25-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.82 -
20-Oct-08 - Interim Trade - STO 2 Nov08 45.00 Call @ 1.19 - Expired
24-Nov-08 - Interim Trade - STO 2 Dec08 37.50 Call @ 1.57 - Closed
15-Dec-08 - Buy Back and Roll Out/Up - BTC 2 Dec08 37.50 Call @ -4.41 -
15-Dec-08 - Interim Trade - STO 2 May09 45.00 Call @ 6.39 - Closed
17-Mar-09 - Dividend Received - DIV 200 Dividend @ 0.82 -
04-May-09 - Buy Back and Roll Out - BTC 2 May09 45.00 Call @ -7.01 -
04-May-09 - Interim Trade - STO 2 Jun09 45.00 Call @ 7.99 - Exercised
19-Jun-09 - Option Exercised - EX 2 Jun09 45.00 Call @ 45.00 -
19-Jun-09 - Cash to Secure Put - CSP 200 BHP @ 47.50 -
19-Jun-09 - Combined Cost Basis - $13,254.00 200 @ 66.27 -
19-Jun-09 - Initial Put Position - STO 2 Jul09 47.50 Put @ 0.48 - Closed
17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 47.50 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 200 BHP @ -47.50 -
17-Jul-09 - CSP Margin Used - CSP 200 BHP @ 50.00 -
17-Jul-09 - Combined Cost Basis - $13,754.00 200 @ 68.77 -
17-Jul-09 - Continued Trade - STO 2 Aug09 50.00 Put @ 0.74 -

BAC - Adjustment

The following adjustment was made Friday on Bank of Americe (BAC):

17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 11.00 Call @ -1.87 -
17-Jul-09 - Interim Trade - STO 1 Aug09 11.00 Call @ 2.09 -

I bought back the Jul09 11 Call and rolled it out to a Aug09 11 Call, in order to avoid assignment, for a net credit of $22.00.

Current Position Summary:

Stock Investment: $3,372.00
Income Generated: $835.80
Percent Income Generated: 24.79%
Annualized Income Generated: 27.33%
Net Profit If Called: -$1,436.20
Percent Return If Called: -42.59%
Annualized Return If Called: -46.97%
Days Held to Expiration: 331 days

Trade History:

24-Sep-08 - Initial Stock Position - BTO 100 BAC @ 33.72 -
24-Sep-08 - Initial Call Option - STO 1 Oct08 32.50 Call @ 3.21 - Expired
26-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.64 -
20-Oct-08 - Interim Trade - STO 1 Nov08 27.50 Call @ 0.73 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 17.50Call @ 0.47 - Expired
22-Dec-08 - Interim Trade - STO 1 Jan09 16.00 Call @ 0.47 - Expired
26-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.32 -
22-Jan-09 - Interim Trade - STO 1 Mar09 9.00 Call @ 0.67 - Expired
24-Mar-09 - Interim Trade - STO 1 Apr09 9.00 Call @ 0.60 - Closed
27-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.01 -
14-Apr-09 - Buy Back and Roll Out/Up - BTC 1 Apr09 9.00 Call @ -1.76 -
14-Apr-09 - Interim Trade - STO 1 May09 10.00 Call @ 2.05 - Closed
15-May-09 - Buy Back and Roll Out/Up - BTC 1 May09 10.00 Call @ -0.73 -
15-May-09 - Interim Trade - STO 1 Jun09 11.00 Call @ 1.15 - Closed
18-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 11.00 Call @ -1.88 -
18-Jun-09 - Interim Trade - STO 1 Jul09 11.00 Call @ 2.18 - Closed
26-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.01 -
17-Jul-09 - Buy Back and Roll Out - BTC 1 Jul09 11.00 Call @ -1.87 -
17-Jul-09 - Interim Trade - STO 1 Aug09 11.00 Call @ 2.09 -

AXP - Adjustment

The following adjustment was made Friday on American Express (AXP):

17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 21.00 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 200 AXP @ -21.00 -
17-Jul-09 - CSP Margin Used - CSP 200 AXP @ 25.00 -
17-Jul-09 - Combined Cost Basis - $11,000.00 200 @ 55.00 -
17-Jul-09 - Continued Trade - STO 2 Aug09 25.00 Call @ 0.70 -

I bought back the Jul09 21 Put and roll out/up to an Aug09 25 Put for a net credit of $129.60. This also increased my cost basis by a total of $800, since I freed up $4,200 in margin ($21*200) and then used $5,000 in margin ($25*200).

Current Position Summary:

Stock Investment: $11,000.00
Income Generated: $2,544.20
Percent Income Generated: 23.13%
Annualized Income Generated: 13.36%
Net Profit If Expired: -$3,455.80
Percent Return If Expired: -31.42%
Annualized Return If Expired: -18.14%
Days Held to Expiration: 632 days

Trade History:

28-Nov-07 - Initial Stock Position - BTO 100 AXP @ 56.74 - Called
28-Nov-07 - Initial Call Option - STO 1 Dec07 55.00 Call @ 3.21 - Expired
07-Jan-08 - Continued Trade - STO 1 Feb08 55.00 Call @ 0.69 - Expired
08-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
21-Feb-08 - Interim Trade - STO 1 Apr08 50.00 Call @ 0.89 - Expired
25-Apr-08 - Interim Trade - STO 1 May08 50.00 Call @ 0.30 - Expired
09-May-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
19-May-08 - Interim Trade - STO 1 Jul08 50.00 Call @ 2.65 - Expired
23-Jul-08 - Interim Trade - STO 1 Aug08 42.50 Call @ 0.60 - Expired
08-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.18 -
22-Aug-08 - Interim Trade - STO 1 Sep08 42.50 Call @ 0.28 - Closed
12-Sep-08 - Buy Back & Roll Out - BTC 1 Sep08 42.50 Call @ -0.16 -
12-Sep-08 - Interim Trade - STO 1 Oct08 42.50 Call @ 0.79 - Expired
23-Sep-08 - Second Stock Position - BTO 100 AXP @ 37.26 - Called
23-Sep-08 - Combined Cost Basis - $9,400.00 200 @ 47.00 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 35.00 Call @ 3.67 - Expired
20-Oct-08 - Interim Trade - STO 2 Nov08 27.50 Call @ 1.22 - Expired
10-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.18 -
24-Nov-08 - Interim Trade - STO 2 Dec08 25.00 Call @ 0.54 - Expired
22-Dec-08 - Interim Trade - STO 2 Jan09 22.50 Call @ 0.31 - Expired
27-Jan-09 - Interim Trade - STO 2 Feb09 17.50 Call @ 0.66 - Expired
10-Feb-09 - Dividend Received - DIV 200 Dividend @ 0.18 -
24-Feb-09 - Interim Trade - STO 2 Mar09 15.00 Call @ 0.34 - Expired
24-Mar-09 - Interim Trade - STO 2 May09 17.50 Call @ 0.84 - Closed
04-May-09 - Buy Back and Roll Out - BTC 2 May09 17.50 Call @ -8.90 -
04-May-09 - Interim Trade - STO 2 Jun09 17.00 Call @ 9.49 - Exercised
08-May-09 - Dividend Received - DIV 200 Dividend @ 0.18 -
19-Jun-09 - Option Exercised - EX 2 Jun09 17.00 Call @ 17.00 -
19-Jun-09 - CSP Margin Used - CSP 200 AXP @ 21.00 - Closed
19-Jun-09 - Initial Put Position - STO 2 Jul09 21.00 Put @ 0.29 - Closed
17-Jul-09 - Buy Back and Roll Out/Up - BTC 2 Jul09 21.00 Put @ -0.06 -
17-Jul-09 - CSP Margin Returned - CSP 200 AXP @ -21.00 -
17-Jul-09 - CSP Margin Used - CSP 200 AXP @ 25.00 -
17-Jul-09 - Combined Cost Basis - $11,000.00 200 @ 55.00 -
17-Jul-09 - Continued Trade - STO 2 Aug09 25.00 Call @ 0.70 -

Wednesday, July 1, 2009

MMM - New Position

A new dividend position was established today on 3M Company (MMM). The following is the trade information, including IB commissions:

01-Jul-09 - Initial Stock Position - BTO 100 MMM @ 60.84
01-Jul-09 - Initial Call Option - STO 1 Aug09 60.00 Call @ 2.90
11-Sep-09 - Dividend Received - DIV 100 Dividend @ 0.51

3M Company is a fundamentally solid wide moat company, with 10 consecutive years of positive cash flow, and 50 consecutive years of dividend increases. They should declared a quarterly dividend of $0.51, with ex-dividend date approximately on 8/10, payable approximately on 9/11.

I analyzed doing either a covered call (CC) or a cash secured put (CSP) and decided to do the CC trade to capture the dividend, since it had a slightly better profit than the CSP.

Summary without the dividend if called early the day before Ex-Dividend date:

Stock Investment: $6,084.00
Income Generated: $290.00
Percent Income Generated: 4.77%
Annualized Income Generated: 43.50%
Net Profit If Called: $206.00
Percent Return If Called: 3.39%
Annualized Return If Called: 30.90%
Days Held to Ex-Dividend Date: 40 days

Summary with the dividend if called at option expiration:

Stock Investment: $6,084.00
Income Generated: $341.00
Percent Income Generated: 5.60%
Annualized Income Generated: 40.11%
Net Profit If Called: $257.00
Percent Return If Called: 4.22%
Annualized Return If Called: 30.23%
Days Held to Expiration: 51 days

Dividend Information:

Ex-Dividend Date: 08/10/09 approx.
Dividend Pay Date: 09/11/09 approx.
Dividend Rate: $2.04 ($0.51/quarter)
Dividend Yield on Cost: 3.53%