Retirement Income

Stocks and Options

September 29th, 2008 at 6:09 pm

Covered Calls sold on 9/22/08

On Monday, 9/22/08, I sold the following Covered Calls for a net deposit of $1049.50 in my taxable and various IRA accounts.

10 AUY Oct08 12 – My basis varies from 6.24 to 11.50 for these shares.

4 DF Oct08 25 – My basis is 33.48 for 200 and 34.28 for the other 200 shares.  I don’t expect these will exceed the strike price but will roll out if they do.

2 GOL Jan09 10 – My basis is 24.12 for these shares.  I sold to far out so that I could get a little more premium without the strike being too close in because I don’t want this called away just yet.

2 TIE Oct08 15 – My basis is 29.21 for these shares.  I doubt that TIE will get to 15 but I will roll these out if it does.

2 VCLK Oct08 12.50 – My basis is 22.95 for these shares.  I will roll these out if VCLK exceeds the strike price.

4 YHOO Oct08 21.00 – My basis is 22.73 for 200 and 24.16 for the other 200 shares.  I will roll these out if, by some chance, YHOO is exceeding the strike price as we near expiration.

2 CCJ Oct08 30.00 – My basis is 35.25 for these shares.  I will roll these out if CCJ exceeds the strike price as we near expiration.

2 AA Oct08 32.50 – My basis is 28.64 for these shares.  I will probably roll them out if AA exceeds the strike price as we near expiration.  AA pays a dividend and is a raw material producer so I have a tendancy to want to hold on to it.

And that is all for Monday’s trades.

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August 27th, 2008 at 4:29 pm

GOL Linhas Aereas Inteligentes SA (ADR) (GOL) – Sold Sep08 Calls

On 8/20/08, I sold 2 GOL Sep08 Covered Calls for a net deposit of $50.50 in my taxable account.  My basis for GOL is now 24.57.

I used to say that I have not owned an airline stock since back in the 1970s.  I would like to still be able to say that.  GOL has been a disappointment for me.  Of course, it appears as if the price of oil has been the biggest reason for GOL’s price decline.

I see that GOL is suspending dividends for the rest of 2008.  However in the same article I see a reference to Brazilian corporate law that requires a company to distribute a minumum of 25% of the year’s net profits.  If necessary, GOL intends to distribute a supplemental dividend payment at year end to be in compliance with the law.

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August 17th, 2008 at 8:43 pm

Aug08 Options Results

Here are the results for the options that I still had outstanding when the markets closed on Friday, 8/15/08.  I had four Put assignments and 22 Calls across multiple accounts that expired allowing me to keep all of the option premium.  The 22 Calls are summarized by stock across accounts resulting in 16 stocks being represented in the following list.  I will begin to sell Calls on these stocks starting tomorrow.

Stock Symbol Option Symbol Call/Put Bought / Sold Strike
 Price
Number of
Contracts
Result
AUY AUYHC Call Sold 15.00 10 Expired
BA BATM Put Sold 65.00 2 Assigned
BAC BACHG Call Sold 35.00 2 Expired
BP BPHM Call Sold 65.00 2 Expired
CCJ CCJHH Call Sold 40.00 2 Expired
DIVX QDWHB Call Sold 10.00 2 Expired
DSX DSXHG Call Sold 35.00 2 Expired
FNM NJWTJ Put Sold 10.00 4 Assigned
FRE FRETB Put Sold 10.00 2 Assigned
FRE FREHB Call Sold 10.00 2 Expired
GGC GGCHA Call Sold 5.00 11 Expired
GM GMHC Call Sold 15.00 12 Expired
GOL GOLHC Call Sold 15.00 2 Expired
LEH LYHHE Call Sold 25.00 2 Expired
MO MOHM Call Sold 22.00 2 Expired
PDS PDSTX Put Sold 22.50 2 Assigned
S SHB Call Sold 10.00 3 Expired
TIE TIEHC Call Sold 15.00 2 Expired
VCLK QCSHW Call Sold 17.50 2 Expired
YHOO YHQHE Call Sold 25.00 4 Expired

 

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