Wednesday, June 29, 2016

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 AmountROIaROI
2016-06-10Buy MRK @ $57.00-$57.00

2016-06-10Sell MRK 06/17 2016 $57 Call @ $0.42$0.42

2016-06-13Div MRK @ $0.46$0.46

2016-06-17Buy MRK 06/17 2016 $57 Call @ $0.03-$0.03

2016-06-17Sell MRK 06/24 2016 $57 Call @ $0.39$0.39

2016-06-24Buy MRK 06/24 2016 $57 Call @ $0.03-$0.03

2016-06-24Sell MRK 07/15 2016 $57 Call @ $0.72$0.72

2016-07-15If assigned at expiration$57.00

2016-06-27Buy MRK @ $55.38-$55.38

2016-06-27Sell MRK 07/15 2016 $55 Call @ $1.40$1.40

2016-07-15If assigned at expiration$55.002.63%27.38%
2016-06-29Current Price @ $57.00$57.00

2016-06-29Current Price @ $57.00$55.002.45%47.03%
 

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