Tuesday, May 27, 2014

IE/IWM -- Income for Week 13, Writeoff of Group B shares

Because of the run-up in price recently, I decided to close out the group B shares. That meant I needed to generate enough income in week 13 to cover the capital loss on the B shares, caused by writing them down from $117.06 to $113.43. 

I rolled out the remaining 17 calls 6 weeks to 8/16 2014 to generate the income for week 13 and to cover the write-off costs. I'm ending up a bit short of the $500 goal for the week, but since other weeks were well over $500, I'm not going to worry too much about it.

Date Group Description Result Total Shares Price Comm Fees Week Income Week2
2014-05-27 ACE STO 17 IWM 8/16 2014 $117 Call Open $2,540.83 17 $1.51 $25.50 $0.67 13 $2,540.83 --
2014-05-27 ACE BTC 17 IWM 6/6 2014 $117 Call -- -$298.11 17 $0.16 $25.50 $0.61 13 -$298.11 --
2014-05-27 B BTC 5 IWM 6/6 2014 $117 Call -- -$105.13 5 $0.18 $14.95 $0.18 13 -$105.13 --
2014-05-27 B Capital Loss on 500 shares -- -$1,834.16 500 -- -- -- 13 -$1,834.16 --
2014-05-27 B Sell 500 Shares IWM Closed $56,704.79 500 $113.43 $8.95 $1.26 -- -- --

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