USO -- Roll Position Up

The USO position was rolled up:

Price	Date	Description	Total	aXIRR	aROI
$31.80	2009-03-24	Buyback 10 USO Apr 2009 $29 @ $3.60	-$3,619.95	62.9%	47.8%
$31.80	2009-03-24	Sell 10 USO Apr 2009 $32 @ $1.80	$1,780.05	79.5%	59.0%

 

Catchup Commentary

Now that all transactions have been updated, a few observations:

• Deciding to roll options based on ANNUAL XIRR and ROI numbers was a mistake. The biggest problem was that any change in price on the stock or any rolling of the option had a magnified effect because the holding was of such a short duration.
  
  Since I am always writing the near-term options, I now believe all decisions should be based on some monthly threshold. It will make everything more an apples vs apples comparison.
  
  
• Overall, the covered calls have done well in protecting capital. B&H of all positions thus far would have given me a loss of 13.2%. With the covered calls, that has been reduced to a loss of 2.9%. Remember, this is only over 3 months. A bad 3 months.
  
  
• Most of the losses could have been avoided through better equity selection. Both DIA and WFC losses add up to more than my overall losses. I had doubts about DIA before entering it, since I had seen articles about it being a "sick" index, but I ignored them. And I was foolish enough to believe WFC could avoid the panic going on in the banking industry.
  

 

USO -- Catchup

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

Price	Date	Description	Total	aXIRR	aROI
$27.90	2008-12-26	Buy 1000 USO @ $27.90	-$27,900.00	--	--
$27.90	2008-12-26	Sell 10 USO Jan09 $28 Calls @ $2.40	$2,380.05	371.0%	148.3%
$32.90	2008-12-31	Buyback 10 USO Jan 2009 $28 @ $5.50	-$5,519.95	401.3%	154.5%
$32.90	2008-12-31	Sell 10 USO Feb 2009 $30 @ $5.70	$5,680.05	198.8%	108.4%
$34.06	2009-01-02	Buyback 10 USO Feb 2009 $30 @ $6.50	-$6,519.95	198.8%	108.4%
$34.06	2009-01-02	Sell 10 USO Feb 2009 $35 @ $4.53	$4,510.05	321.1%	156.3%
$31.62	2009-01-13	Buyback 10 USO Feb 2009 $35 @ $1.95	-$1,969.95	158.3%	99.3%
$31.62	2009-01-13	Sell 10 USO Feb 2009 $31 @ $3.00	$2,980.05	186.8%	108.4%
$28.30	2009-02-02	Buyback 10 USO Feb 2009 $31 @ $0.75	-$769.95	58.6%	45.3%
$28.30	2009-02-02	Sell 10 USO Feb 2009 $28 @ $2.00	$1,980.05	96.6%	66.6%
$25.74	2009-02-12	Buyback 10 USO Feb 2009 $28 @ $0.40	-$419.95	15.7%	13.8%
$25.74	2009-02-12	Sell 10 USO Feb 2009 $26 @ $1.00	$980.05	32.6%	26.9%
$23.87	2009-02-17	Buyback 10 USO Feb 2009 $26 @ $0.20	-$219.95	-21.3%	-22.0%
$23.98	2009-02-17	Sell 10 USO Mar 2009 $24 @ $2.00	$1,980.05	21.7%	17.9%
$27.46	2009-02-26	Buyback 10 USO Mar 2009 $24 @ $4.00	-$4,019.95	22.1%	18.2%
$27.46	2009-02-26	Sell 10 USO Mar 2009 $27 @ $1.90	$1,880.05	39.6%	31.6%
$28.84	2009-03-18	Buyback 10 USO Mar 2009 $27 @ $1.90	-$1,919.95	38.9%	31.1%
$28.84	2009-03-18	Sell 10 USO Apr 2009 $29 @ $2.00	$1,980.05	89.5%	62.7%
$29.00	2009-04-17	Sell at end of period	$29,000.00	62.9%	47.8%

 

SPY -- Catchup

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

Price	Date	Description	Total	aXIRR	aROI
$86.81	2008-12-26	Buy 1000 SPY @ $86.81	-$86,810.00	--	--
$86.81	2008-12-26	Sell 10 SPY 12/31 $87 Call @ $1.62	$1,600.05	288.9%	134.6%
$89.97	2008-12-31	Buyback 10 12/31 $87 Call @ $3.10	-$3,119.95	356.2%	150.5%
$89.97	2008-12-31	Sell 10 SPY Jan 2009 $90 @ $2.70	$2,680.05	135.5%	86.5%
$87.67	2009-01-12	Buyback 10 SPY Jan 2009 $90 @ $0.79	-$809.95	50.0%	40.4%
$87.67	2009-01-12	Sell 10 SPY Jan 2009 $88 @ $1.56	$1,540.05	73.5%	55.1%
$84.10	2009-01-14	Buyback 10 SPY Jan 2009 $88 @ $0.40	-$419.95	-12.1%	-12.6%
$84.10	2009-01-14	Sell 10 SPY Feb 2009 $84 @ $5.11	$5,090.05	34.0%	28.3%
$80.58	2009-01-21	Buyback 10 SPY Feb 2009 $84 @ $2.87	-$2,889.95	2.7%	2.5%
$80.58	2009-01-21	Sell 10 SPY Feb 2009 $81 @ $4.45	$4,430.05	16.0%	14.0%
$86.45	2009-02-06	Buyback 10 SPY Feb 2009 $81 @ $6.69	-$6,709.95	19.9%	17.2%
$86.45	2009-02-06	Sell 10 SPY Feb 2009 $87 @ $2.49	$2,470.05	31.2%	26.3%
$82.66	2009-02-11	Buyback 10 SPY Feb 2009 $87 @ $0.60	-$619.95	-2.3%	-2.2%
$82.66	2009-02-11	Sell 10 SPY Feb 2009 $83 @ $2.05	$2,030.05	9.2%	8.4%
$79.41	2009-02-17	Buyback 10 SPY Feb 2009 $83 @ $0.45	-$469.95	-28.2%	-30.1%
$75.59	2009-02-24	Sell 10 SPY Mar 2009 $76 @ $3.10	$3,080.05	-16.7%	-16.7%
$69.38	2009-03-05	Buyback 10 SPY Mar 2009 $76 @ $0.50	-$519.95	-43.8%	-50.4%
$69.38	2009-03-05	Sell 10 SPY Mar 2009 $70 @ $2.25	$2,230.05	-35.8%	-39.2%
$76.05	2009-03-13	Buyback 10 SPY Mar 2009 $70 @ $6.25	-$6,269.95	-33.3%	-36.1%
$76.05	2009-03-13	Sell 10 SPY Apr 2009 $76 @ $3.36	$3,340.05	-15.8%	-15.6%
$76.00	2009-04-17	Sell at end of period	$76,000.00	-15.8%	-15.6%

 

MMM -- Catchup

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

Price	Date	Description	Total	aXIRR	aROI
$70.69	2008-10-02	Transfer in	-$24,317.36	--	--
$0.50	2008-12-12	Dividend	$172.00	--	--
$55.76	2008-12-26	Buy 656 MMM @ $55.76	-$36,578.56	--	--
$55.76	2008-12-26	Sell 10 MMM Jan 2009 $55 @ $2.40	$2,380.05	-32.2%	-47.3%
$58.91	2009-01-06	Buyback 10 MMM Jan 2009 $55 @ $4.60	-$4,619.95	-32.2%	-47.3%
$58.91	2009-01-06	Sell 10 MMM Feb 2009 $60 @ $2.55	$2,530.05	-9.9%	-16.2%
$54.50	2009-01-20	Buyback 10 MMM Feb 2009 $60 @ $0.65	-$669.95	-34.6%	-63.2%
$54.50	2009-01-20	Sell 10 MMM Feb 2009 $55 @ $2.36	$2,340.05	-26.1%	-45.4%
$52.01	2009-02-02	Buyback 10 MMM Feb 2009 $55 @ $0.50	-$519.95	-39.0%	-71.9%
$52.01	2009-02-02	Sell 10 MMM Feb 2009 $50 @ $2.66	$2,640.05	-38.7%	-70.7%
$47.45	2009-02-17	Buyback 10 MMM Feb 2009 $50 @ $0.25	-$269.95	-51.3%	-100.7%
$47.59	2009-02-17	Sell 10 MMM Mar 2009 $45 @ $4.00	$3,980.05	-37.1%	-70.5%
$0.51	2009-02-18	Dividend	$510.00	--	--
$41.91	2009-03-06	Buyback 10 MMM Mar 2009 45.0 @ $0.50	-$519.95	-50.5%	-102.5%
$47.76	2009-03-19	Sell 10 MMM Apr 2009 50.0 @ $1.60	$1,580.05	-15.8%	-28.3%
$47.76	2009-04-17	Sell at end of period	$47,760.00	-15.3%	-27.5%

 

IWM -- Catchup

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

Price	Date	Description	Total	aXIRR	aROI
$47.08	2008-12-26	Buy 2000 IWM @ $47.08	-$94,160.00	--	--
$47.08	2008-12-26	Sell 20 IWM Jan $47 Call @ $2.18	$4,330.05	120.0%	77.0%
$49.24	2009-01-02	Buyback 20 IWM Jan 2009 $47 @ $4.00	-$8,029.95	120.0%	77.0%
$49.24	2009-01-02	Sell 20 IWM Jan 2009 $50 @ $1.91	$3,790.05	124.4%	81.4%
$47.54	2009-01-12	Buyback 20 IWM Jan 2009 $50 @ $0.30	-$629.95	20.7%	18.6%
$47.54	2009-01-12	Sell 20 IWM Feb 2009 $48 @ $2.79	$5,550.05	51.5%	41.0%
$44.78	2009-01-20	Buyback 20 IWM Feb 2009 $48 @ $1.34	-$2,709.95	3.0%	2.8%
$44.78	2009-01-20	Sell 20 IWM Feb 2009 $45 @ $2.63	$5,230.05	23.6%	20.3%
$45.14	2009-02-12	Buyback 20 IWM Feb 2009 $45 @ $0.61	-$1,249.95	-6.7%	-6.5%
$45.56	2009-02-13	Sell 20 IWM Mar 2009 $46 @ $2.07	$4,110.05	42.3%	33.9%
$40.36	2009-02-20	Buyback 20 IWM Mar 2009 $46 @ $0.40	-$829.95	-18.0%	-17.9%
$39.93	2009-02-24	Sell 20 IWM Mar 2009 $40 @ $2.06	$4,090.05	-4.4%	-4.2%
$36.89	2009-03-04	Buyback 20 IWM Mar 2009 $40 @ $0.40	-$829.95	-38.6%	-43.1%
$38.86	2009-03-12	Sell 20 IWM Mar 2009 $39 @ $1.01	$1,990.05	-11.0%	-10.5%
$40.83	2009-03-18	Buyback 20 IWM Mar 2009 $39 @ $2.08	-$4,189.95	--	--
$40.83	2009-03-18	Sell 20 IWM Apr 2009 $41 @ $1.97	$3,910.05	8.1%	7.0%
$41.00	2009-04-17	Sell at end of period	$82,000.00	9.4%	8.2%

 

EEM -- Catchup

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

Price	Date	Description	Total	aXIRR	aROI
$26.85	2009-01-06	Buy 2000 EEM @ $26.85	-$53,700.00	--	--
$26.85	2009-01-06	Sell 20 EEM Jan 2009 $27 @ $0.95	$1,870.05	264.6%	127.1%
$25.23	2009-01-08	Buyback 20 EEM Jan 2009 $27 @ $0.31	-$649.95	-62.5%	-93.4%
$25.23	2009-01-08	Sell 20 EEM Jan 2009 $25 @ $1.05	$2,070.05	3.4%	3.1%
$24.19	2009-01-13	Buyback 20 EEM Jan 2009 $25 @ $0.31	-$649.95	-77.5%	-138.0%
$24.19	2009-01-13	Sell 20 EEM Feb 2009 $24 @ $1.92	$3,810.05	13.5%	11.3%
$23.48	2009-02-12	Buyback 20 EEM Feb 2009 $24 @ $0.48	-$989.95	-19.7%	-19.3%
$23.48	2009-02-12	Sell 20 EEM Feb 2009 $23 @ $1.10	$2,170.05	-1.2%	-1.1%
$22.08	2009-02-18	Buyback 20 EEM Feb 2009 $23 @ $0.20	-$429.95	-28.3%	-28.8%
$22.08	2009-02-18	Sell 20 EEM Mar 2009 $22 @ $1.55	$3,070.05	6.4%	5.3%
$23.38	2009-03-16	Buyback 20 EEM Mar 2009 $22 @ $1.60	-$3,229.95	1.2%	1.0%
$23.89	2009-03-17	Sell 20 EEM Apr 2009 $24 @ $1.40	$2,770.05	34.6%	26.2%
$24.00	2009-04-17	Sell at end of period	$48,000.00	36.7%	27.7%