ED -- Catchup

This is a catchup post, since I haven't been diligently posting transactions.

Price	Date	Description	Total	aXIRR	aROI
$38.30	2008-12-26	Buy 1000 ED @ $38.3	-$38,300.00	--	--
$38.30	2008-12-26	Sell 10 ED Feb 2009 $40 @ $0.80	$780.05	14.4%	13.3%
$39.79	2009-02-12	Buyback 10 ED Feb 2009 $40 @ $0.20	-$219.95	46.6%	38.6%
$39.85	2009-02-12	Sell 10 ED Mar 2009 $40 @ $0.85	$830.05	39.1%	33.4%
$0.59	2009-02-13	Dividend	$590.00	--	--
$37.36	2009-02-20	Buyback 10 ED Mar 2009 40.00 @ $0.20	-$219.95	2.7%	2.6%
$34.70	2009-03-12	Sell 10 ED Apr 2009 $35 @ $1.30	$1,280.05	-7.0%	-7.0%
$35.00	2009-04-17	Sell at end of period	$35,000.00	-2.3%	-2.2%

 

WFC -- Catchup -- Closed Position

This is a catchup post, since I haven't been diligently posting transactions.

I entered this position because I thought WFC was a solid purchase and I expected it to emerge as a leader in the banking industry. But its price movements were not exempt from the industry panics and was too volatile for my liking, so I exited.

Price	Date	Description	Total	aXIRR	aROI
$18.73	2009-01-16	Buy 2000 WFC @ $18.73	-$37,460.00	--	--
$18.73	2009-01-16	Sell 20 WFC Feb 2009 $20 @ $2.40	$4,770.05	313.9%	132.8%
$16.10	2009-01-20	Buyback 20 WFC Feb 2009 $20 @ $1.50	-$3,029.95	-14.6%	-13.6%
$16.10	2009-01-20	Sell 20 WFC Feb 2009 $15 @ $3.60	$7,170.05	66.2%	40.4%
$18.49	2009-02-06	Buyback 20 WFC Feb 2009 $15 @ $4.69	-$9,399.95	66.2%	40.4%
$18.49	2009-02-06	Sell 20 WFC Feb 2009 $17.50 @ $3.00	$5,970.05	168.7%	84.1%
$15.73	2009-02-12	Buyback 20 WFC Feb 2009 $17.50 @ $0.65	-$1,329.95	-16.5%	-14.5%
$15.73	2009-02-12	Sell 20 WFC Mar 2009 $16 @ $2.50	$4,975.05	80.8%	48.3%
$10.82	2009-02-20	Buyback 20 WFC Mar 2009 $16 @ $0.40	-$829.95	-95.3%	-206.1%
$11.49	2009-02-24	Sell 20 WFC Mar 2009 $12 @ $1.65	$3,270.05	-47.0%	-45.1%
$14.81	2009-02-26	Buyback 20 WFC Mar 2009 $12 @ $3.70	-$7,429.95	-70.0%	-88.0%
$14.81	2009-02-26	Sell 20 WFC Mar 2009 $15 @ $1.79	$3,550.05	-3.0%	-2.4%
$10.74	2009-03-03	Buyback 20 WFC Mar 2009 $15 @ $0.30	-$629.95	-87.4%	-138.0%
$10.74	2009-03-03	Sell at end of period	$21,482.00	-94.4%	-189.0%

 

SDS -- Catchup -- Position Closed

This is a catchup post, since I haven't been diligently posting transactions.

This was a speculative position I entered. It was intended as a very short-term trade and I entered it expecting to have the position exercised. I was using data from my P&F experiment which indicated a downturn in the market.

Price	Date	Description	Total	aXIRR	aROI
$86.46	2009-02-18	Buy 1000 SDS @ $86.46	-$86,462.64	--	--
$86.46	2009-02-18	Sell 10 SDS Feb 2009 $84 @ $4.20	$4,180.05	--	--
$91.01	2009-02-20	Sell at end of period	$83,975.00	4008.4%	357.2%

 

PFE -- Catchup -- Closed Position

This is a catchup post, since I haven't been diligently posting transactions.

I closed this position because PFE reduced their dividend amount and announce an acquisition that I wasn't fond of.

Price	Date	Description	Total	aXIRR	aROI
$17.31	2008-12-22	Buy 2000 PFE @ $17.31	-$34,620.00	--	--
$17.03	2008-12-26	Sell 20 PFE Jan09 $17.50 Calls @ $0.38	$730.05	7.6%	7.2%
$17.29	2009-01-14	Buyback 20 PFE Jan 2009 $17.50 @ $0.13	-$289.95	34.1%	29.1%
$17.29	2009-01-14	Sell 20 PFE Feb 2009 $17 @ $0.86	$1,690.05	32.6%	27.6%
$16.32	2009-01-26	Buyback 20 PFE Feb 2009 $17 @ $0.20	-$429.95	-27.8%	-31.0%
$15.93	2009-01-27	Sell at end of period	$31,860.00	-27.8%	-31.0%

 

EFA -- Catchup -- Closed Position

This is a catchup post, since I haven't been diligently posting transactions.

Price	Date	Description	Total	aXIRR	aROI
$43.01	2008-12-22	Buy 700 EFA @ $43.01	-$30,107.00	--	--
$43.01	2008-12-22	Sell 7 EFA Jan09 $43 Calls @ $1.55	$1,068.05	69.4%	51.8%
$0.54	2008-12-31	Dividend	$378.70	--	--
$36.58	2009-01-13	Buyback 7 EFA Jan 2009 $43 @ $0.35	-$261.95	44.8%	35.9%
$41.99	2009-01-13	Sell 7 EFA Feb 2009 $42 @ $2.25	$1,558.05	53.3%	41.0%
$38.49	2009-01-20	Buyback 7 EFA Feb 2009 $42 @ $1.55	-$1,101.95	-8.8%	-8.5%
$38.49	2009-01-20	Sell 7 EFA Feb 2009 $38 @ $2.45	$1,698.05	-3.6%	-3.4%
$36.63	2009-02-17	Buyback 7 EFA Feb 2009 $38 @ $0.25	-$191.95	-25.8%	-26.7%
$36.50	2009-02-17	Sell at end of period	$25,550.00	-28.5%	-30.0%

 

DIA -- Catchup -- Position Closed

This is a catchup post, since I haven't been diligently posting transactions.

I closed the DIA position because I had been reading a lot about how the Dow Jones Industrial Average is a "sick" index. And my experience with it had not been good either. My overall history:

Price	Date	Description	Total	aXIRR	aROI
$89.91	2009-01-06	Buy 1000 DIA @ $89.91	-$89,905.60	--	--
$89.91	2009-01-06	Sell 10 DIA Jan 2009 $90 @ $1.96	$1,940.05	121.7%	78.8%
$86.74	2009-01-08	Buyback 10 DIA Jan 2009 $90 @ $0.69	-$709.95	-40.1%	-49.8%
$86.74	2009-01-08	Sell 10 DIA Jan 2009 $86 @ $2.41	$2,390.05	-11.4%	-11.6%
$85.14	2009-01-12	Buyback 10 DIA Jan 2009 $86 @ $1.14	-$1,159.95	-38.5%	-46.5%
$85.14	2009-01-12	Sell 10 DIA Feb 2009 $85 @ $4.05	$4,030.05	16.4%	14.3%
$80.40	2009-01-20	Buyback 10 DIA Feb 2009 $85 @ $1.84	-$1,859.95	-25.7%	-27.2%
$80.40	2009-01-20	Sell 10 DIA Feb 2009 $80 @ $4.10	$4,080.05	-11.2%	-10.8%
$78.00	2009-02-12	Buyback 10 DIA Feb 2009 $80 @ $1.01	-$1,029.95	-34.7%	-38.1%
$78.00	2009-02-12	Sell 10 DIA Feb 2009 $77 @ $2.52	$2,500.05	-15.8%	-15.6%
$75.76	2009-02-18	Buyback 10 DIA Feb 2009 $77 @ $0.40	-$419.95	-35.9%	-39.6%
$71.82	2009-02-24	Sell 10 DIA Mar 2009 $72 @ $2.95	$2,930.05	-29.4%	-30.0%
$66.85	2009-03-05	Buyback 10 DIA Mar 2009 $72 @ $0.50	-$519.95	-51.7%	-60.5%
$66.50	2009-03-05	Sell at end of period	$66,500.00	-60.9%	-78.6%

 

January Summary/Checkpoint

Just a checkpoint to see how things are going:

aXIRR	Projected annual if:
-46.8%	No covered calls had been written (January effect only)
-10.1%	Only the initial January Calls had been written and expired/assigned
18.0%	Only the current February calls had been written
24.2%	All January and February and Rolling transactions

So, at least for the past month, it appears the active rolling of options was a positive thing to do.