Wednesday, September 16, 2009

NFLX -- Adjustment

The NFLX position was rolled up and out:

Price Date Description Total aXIRR aROI
$40.13 2009-09-03 Buyback 20 NFLX Sep 2009 $45 @ $0.20 -$429.95 -10.2% -9.4%
$46.05 2009-09-16 Sell 20 NFLX Oct 2009 $47.50 @ $1.75 $3,470.05 27.5% 22.9%

The delay was because I bought back the outstanding call on 9/3 after a dip in price on reports that YouTube was going to compete with NFLX on streaming movies. I thought the drop in price was an overreaction, so I just held the stock without a call for a while and waited for the price to recover before selling the next call.
 

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