RTW - New Position (EWZ)

I'm starting a new entry for weekly holdings of "Riding the Wave" candidates. Since they are weekly holdings, I don't plan on selling calls against them. Maybe in the a week leading into option expiration. However, I would note that the current 3.7% time value for the month looks enticing relative to other calls I've sold for the month.

The RTW method is the one I indicated on the JustCoveredCalls forum that has too many good months -- that capping gains on good months by selling covered calls on the positions was counter-productive.

We'll see how it goes in real time:

Price	Date	Description	Total	aXIRR	aROI
$75.76	2009-10-19	Buy 1000 EWZ @ $75.76	-$75,758.10	--	--

 

EEM -- Adjustment

The EEM position was rolled up and out:

Price	Date	Description	Total	aXIRR	aROI
$40.24	2009-10-13	Buyback 20 EEM Oct 2009 $39 @ $1.35	-$2,729.95	51.0%	45.4%
$41.53	2009-10-19	Sell 20 EEM Nov 2009 $41 @ $1.69	$3,350.05	54.5%	50.2%

 

NFLX -- Adjustment

The NFLX position was rolled up and out:

Price	Date	Description	Total	aXIRR	aROI
$49.50	2009-10-15	Buyback 20 NFLX Oct 2009 $47.50 @ $2.15	-$4,329.95	35.3%	28.9%
$49.96	2009-10-19	Sell 20 NFLX Nov 2009 $50 @ $2.65	$5,270.05	42.2%	34.6%

 

IWM -- Adjustment

The IWM position was rolled up and out:

Price	Date	Description	Total	aXIRR	aROI
$61.04	2009-10-13	Buyback 20 IWM Oct 2009 $58 @ $3.20	-$6,429.95	32.1%	28.6%
$62.02	2009-10-19	Sell 20 IWM Nov 2009 $61 @ $2.75	$5,470.05	34.5%	31.5%

 

SPY -- Adjustment

The SPY position was rolled up and out:

Price	Date	Description	Total	aXIRR	aROI
$108.58	2009-10-16	Buyback 10 SPY Oct 2009 $107 @ $1.61	-$1,629.95	16.5%	16.1%
$109.61	2009-10-19	Sell 10 SPY Nov 2009 $109 @ $3.00	$2,980.05	18.9%	18.8%

 

MMM -- Adjustment

The MMM position was rolled out:

Price	Date	Description	Total	aXIRR	aROI
$76.94	2009-10-15	Buyback 10 MMM Oct 2009 $75 @ $2.09	-$2,109.95	33.6%	26.4%
$76.75	2009-10-19	Sell 10 MMM Nov 2009 $75 @ $3.00	$2,980.05	32.6%	25.7%

 

IWM -- Adjustment

The IWM position has been rolled down:

Price	Date	Description	Total	aXIRR	aROI
$58.09	2009-10-02	Buyback 20 IWM Oct 2009 $62 @ $0.20	-$429.95	28.1%	25.2%
$58.09	2009-10-02	Sell 20 IWM Oct 2009 $58 @ $1.48	$2,930.05	31.6%	28.2%