Friday, April 11, 2014

IE/IWM -- Income for Week 7

I went ahead with a buy/write to generate income for week 7. This puts me about 50% into the starting cash portfolio. However, I am also 3 weeks ahead in income generation.

In hindsight, being anxious to start, starting mid-week on the first position was probably a mistake. I had to do the buy/write on 800 shares to generate the weekly income when there was only half a week left. If I had done it with an expiration of the following week, it probably would have been half that (or less).

But, that's what this experiment is about. Finding the issues that might arise.

Date/Time Group Description Result Total Shares Price Comm Fees Week Income Week2
2014-04-11 15:43 D STO 4 IWM 4/19 2014 $111 Call Open $484.89 4 $1.25 $14.95 $0.16 7 $484.89 --
2014-04-11 15:43 D Buy 400 Shares IWM Open -$44,292.95 400 $110.71 $8.95 $0.00 4 -- 5

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