Open position -- NUE

Bought at market price, sold the call just ITM hoping that it would be exercised early. However, Brexit hit, and the price dropped too low to be exercised. On Brexit day, my $0.03 buyback limit order triggered, so I ended up writing a new call about a month out. And I got to keep the dividend.

Between the dividend and the two calls, still a profitable position even though the price is down over 3%. But there is a month to go before expiration.

Date	Description	Amount	ROI	aROI
2016-06-22	Buy NUE @ $49.58	-$49.58
2016-06-22	Sell NUE 7/1 2016 $49.50 Call @ $0.89	$0.89
2016-06-27	Buy NUE 7/1 2016 $49.50 Call @ $0.03	-$0.03
2016-06-28	Div NUE @ $0.38	$0.38
2016-06-29	Sell NUE 7/29 2016 $49.50 Call @ $0.85	$0.85
2016-07-29	If assigned at expiration	$49.50	4.04%	39.89%
2016-06-29	Current Price @ $47.87	$47.87	0.76%	39.44%

 

Open Position -- MCD

I thought the drop on 6/22 was an overreaction, so I jumped in. I sold the call ITM call to give myself a little leeway, but if I pocket nearly $700 in two days (a 0.57% return), I'll be happy. I wouldn't mind writing more calls on the stock either, if I end up holding it.

As it turned out, I did get to write another call on it when my $0.03 limit price to buy back the existing call triggered. I'd be ecstatic to earn $1000 a week on the position. :) 

It dropped quite a bit because of Brexit. I almost bought more, but didn't have a lot of cash available. Like the rest of the market, it's been recovering well from the 2-day Brexit "panic".

Date	Description	Amount	ROI	aROI
2016-06-22	Buy MCD @ $120.51	-$120.51
2016-06-22	Sell MCD 6/24 2016 $120 Call @ $1.22	$1.22
2016-06-24	Buy MCD 6/24 2016 $120 Call @ $0.03	-$0.03
2016-06-24	Sell MCD 7/01 2016 $120 Call @ $1.05	$1.05
2016-07-01	If assigned at expiration	$120.00	1.44%	58.22%
2016-06-29	Current Price @ $119.25	$119.25	0.81%	42.41%

 

Open Position -- MRK

I added another position to the dividend play on MRK. 

Brexit brought the MRK price down quite a bit and the extrinsic values on the calls were higher than normal, so I added another position. I chose the same expiration date for convenience.

I also rolled up the old MRK call on 6/24, because my $0.03 limit order to buy back the existing call triggered. So I just sold another one for several weeks out.

Again, so far so good. :)  

Date	Description	Amount	ROI	aROI
2016-06-10	Buy MRK @ $57.00	-$57.00
2016-06-10	Sell MRK 06/17 2016 $57 Call @ $0.42	$0.42
2016-06-13	Div MRK @ $0.46	$0.46
2016-06-17	Buy MRK 06/17 2016 $57 Call @ $0.03	-$0.03
2016-06-17	Sell MRK 06/24 2016 $57 Call @ $0.39	$0.39
2016-06-24	Buy MRK 06/24 2016 $57 Call @ $0.03	-$0.03
2016-06-24	Sell MRK 07/15 2016 $57 Call @ $0.72	$0.72
2016-07-15	If assigned at expiration	$57.00
2016-06-27	Buy MRK @ $55.38	-$55.38
2016-06-27	Sell MRK 07/15 2016 $55 Call @ $1.40	$1.40
2016-07-15	If assigned at expiration	$55.00	2.63%	27.38%
2016-06-29	Current Price @ $57.00	$57.00
2016-06-29	Current Price @ $57.00	$55.00	2.45%	47.03%

 

Open Position -- MMM

I opened a new position on MMM with the Brexit decline.

MMM had declined from $174.11 to $169.12 on the previous Friday, so I was expecting more of a decline on Monday morning. I put in a limit order of $165 before the market opening on 6/27.When it bounced just over $165 several times, I changed the limit order to $165.60 and got the stock. I chose the call since it seemed the best available at the time.

Date	Description	Amount	ROI	aROI
2016-06-27	Buy MMM @ $165.60	-$165.60
2016-06-27	Sell MMM 7/15 2016 $165 Call @ $3.80	$3.80
2016-07-15	If assigned at expiration	$165.00	1.93%	39.18%
2016-06-29	Current Price @ $171.05	$165.00	1.93%	352.66%

 

RSI(2) Plays...MMM

 Bought on short-term price weakness identified by RSI(2).

Date	Activity	Quantity	Symbol/Description	Price	Net Amount	ROI	aROI
2016-06-17	Assigned	-1,000	MMM - 3M CO	$167.50	$167,471.35
2016-06-10	Sell	-10	MMM June 17, 2016 $167.50 Call	$1.96	$1,939.65
2016-06-10	Buy	1,000	MMM - 3M CO	$168.30	-$168,300.00	0.66%	34.42%

 

Dividend Plays...MCD

This one went a little sideways. My limit order to sell the call on the day before it went ex-dividend didn't get filled. So I ended up getting the dividend. I did sell a call the next day, for what I thought was an adequate profit if it filled.

Date	Activity	Quantity	Description	Price	Amount	ROI	aROI
2016-06-17	Assignment	-1,000	-1,000 MCDONALDS CORP @ $122.0000	$122.00	$121,972.34
2016-06-03	Sell	-10	CALL MCDONALDS CORP $122 EXP 06/17/16 @ $0.8900	$0.89	$869.67
2016-06-02	Ex-Dividend	1,000	MCD MCDONALDS CORP 062016 1,000	$0.89	$890.00
2016-05-31	Buy	1,000	1,000 MCD MCDONALDS CORP @ $122.8211	$122.82	-$122,821.10	0.74%	15.92%