July 23rd, 2008 at 12:52 pm
On 7/21/08, I sold 2 TIE Aug08 15 Calls for a net deposit of $40.50 in my taxable account. I now own these TIE shares at 26.71.
Can you hear that chipping sound again? TIE does pay a small dividend of .075 per share per quarter. At this time I don’t really track dividends as part of my total return on my various stocks so I don’t know what that is. I do know that I receive something over $10,000 per year for all of my stocks across my various accounts. So, any stock that contributes to that cannot be all bad, I guess.
July 23rd, 2008 at 11:28 am
I am still catching up from being on vacation for 17 days so I am still a little behind posting recent activity in my various accounts. I think I can post everything today.
July has been an okay month for me. Or was it? I own 200 shares of IndyMac Bank (IDMC) and used to own 200 shares of Countrywide Financial Corp (CFC). Of course the CFC is now 36 shares of Bank of America (BAC) which is a little better than CFC. 
As I wrote earlier, I was assigned 300 share of Yamana Gold (AUY) in an IRA account which I am okay with. As document earlier I rolled out several Jul08 options that I did not want to be assigned or called away. All of the rest of my Jul08 option positions expired worthless allowing me to keep all of the option premiums. Here is the list of those options that expired. Note that the Total Received column may be higher because it is the result of rolling out a prior option. For example, the AGU Put was originally sold in Dec07 and rolled out three times before it finally expired in Jul08. The actual net received was 8.72 per share or $1744. Still not too bad though. Also, where there are multiple rows for a stock each row represents a separate trading account.
| Stock Symbol |
Option Symbol |
Call/Put |
Bought / Sold |
Strike
Price |
Number of
Contracts |
Total Received |
| AGU |
AGUSM |
Put |
Sold |
65.00 |
2 |
2010.48 |
| ALSK |
ULOGC |
Call |
Sold |
15.00 |
5 |
138.25 |
| ALSK |
ULOGC |
Call |
Sold |
15.00 |
4 |
89.00 |
| AMD |
AMDGK |
Call |
Sold |
8.00 |
2 |
286.50 |
| AUY |
AUYGC |
Call |
Sold |
15.00 |
5 |
263.25 |
| AUY |
AUYGC |
Call |
Sold |
15.00 |
1 |
51.25 |
| AUY |
AUYGC |
Call |
Sold |
15.00 |
1 |
51.25 |
| BAC |
BACGF |
Call |
Sold |
30.00 |
2 |
84.50 |
| BP |
BPGM |
Call |
Sold |
65.00 |
2 |
360.50 |
| CCJ |
CCJGH |
Call |
Sold |
40.00 |
2 |
200.50 |
| ETFC |
EUSGA |
Call |
Sold |
5.00 |
4 |
69.00 |
| ETFC |
EUSGA |
Call |
Sold |
5.00 |
8 |
146.00 |
| GGC |
GGCGA |
Call |
Sold |
5.00 |
6 |
137.50 |
| GGC |
GGCGA |
Call |
Sold |
5.00 |
3 |
49.75 |
| GGC |
GGCGA |
Call |
Sold |
5.00 |
2 |
20.50 |
| GM |
GMGC |
Call |
Sold |
15.00 |
6 |
275.50 |
| GM |
GMGC |
Call |
Sold |
15.00 |
6 |
305.50 |
| HOG |
HOGGV |
Call |
Sold |
42.50 |
2 |
200.50 |
| IR |
IRGV |
Call |
Sold |
42.50 |
2 |
50.50 |
| LEH |
LYHGE |
Call |
Sold |
25.00 |
2 |
312.50 |
| MO |
MOGM |
Call |
Sold |
22.00 |
2 |
38.50 |
| PDS |
PDSGF |
Call |
Sold |
30.00 |
2 |
50.50 |
| TBI |
TBIGC |
Call |
Sold |
15.00 |
4 |
89.00 |
| TIE |
TIEGD |
Call |
Sold |
20.00 |
2 |
70.50 |
| WM |
WMGR |
Call |
Sold |
12.50 |
1 |
15.25 |
| YHOO |
YHQGE |
Call |
Sold |
25.00 |
2 |
54.50 |
| YHOO |
YHQGE |
Call |
Sold |
25.00 |
2 |
54.50 |
June 10th, 2008 at 10:38 am
This morning I sold 2 TIE Jul08 20 Covered Calls for a net deposit of $70.50 in my taxable account. My basis for these TIE shares is now 26.91 exclusive of dividends received.
As I said yesterday, I would sell the Jul08 Calls if I failed to get my price on the Jun08 20 Calls. As you might surmise by this post I did not get my price.
TIE has been trading in a range of around 15 and just below 20 for the past couple of months. I feel pretty confident that these options will expire in Jul08 allowing me to again sell Covered Calls on these shares. If I am wrong I will, as is my custom, buy them out and sell new Calls further out to capture additional time premium.
