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Covered Calls Done the Wrong Way
A journal to document the mistakes I will make doing covered calls.
Sunday, January 18, 2009
January Summary/Checkpoint
Just a checkpoint to see how things are going:
aXIRR
Projected annual if:
-46.8%
No covered calls had been written (January effect only)
-10.1%
Only the initial January Calls had been written and expired/assigned
18.0%
Only the current February calls had been written
24.2%
All January and February and Rolling transactions
So, at least for the past month, it appears the active rolling of options was a positive thing to do.
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January Summary/Checkpoint
WFC -- New Position
PFE, SPY -- Rolled out
USO -- Rolled Down
EEM, EFA -- Rolled Out
SPY -- Roll Position Down
IWM -- Roll Position Down and Out
DIA -- Rolled Down and Out
EEM -- Rolled Down
DIA -- Rolled Down
Transaction and Analysis Ledger
EEM -- New Position
DIA -- New Position
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USO -- Roll Position Up
IWM -- Roll Position Up
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