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Wednesday, March 10, 2010

Multi Fineline Electronix (MFLX) -- Closed

Today, it was decided to close the covered calls position in Multi Fineline Electronix (MFLX) as follows:

1. Multi Fineline Electronix (MFLX) -- Closed
The transactions history to date for the covered calls position in Multi Fineline Electronix (MFLX) is as follows:
10/22/09 Bought 400 MFLX @ $27.50
10/22/09 Sold 4 MFLX Nov09 $30.00 Calls @ $.80
11/21/09 Nov09 Options Expired
12/03/09 Sell-to-Open (STO) 4 MFLX Feb2010 $30.00s @ $.95
Note: The price of MFLX was $26.29 today when this transaction was made.
02/20/2010 Feb2010 Options Expired
03/01/2010 Sell-to-Open (STO) 4 MFLX Mar2010 $22.50s @ $.60
Note: The price of MFLX was $22.35 today when this transaction was made.
03/10/2010 Buy-to-Close (BTC) 4 MFLX Mar2010 $22.50 Calls @ $2.50
03/10/2010 Sell 400 MFLX @ $24.99

The overall performance results(including commissions) for the MFLX transactions were as follows:
Stock Purchase Cost: $11,008.95
= ($27.50*400+$8.95 commission)

Net Profit:
(a) Options Income: -$107.80
= (400*($.80+$.95+$.60-$2.50) - 4*$11.95 commissions)
(b) Dividend Income: +$0.00
(c) Capital Appreciation (Stock sold at $24.99): -$1,012.95
= ($24.99-$27.50)*400 - $8.95 commissions

Total Net Profit(Stock sold at $24.99): -$1,120.75
= (-$107.80 +$0.00 -$1,012.95)

Absolute Return (Stock sold at $24.99): -10.2%
= -$1,120.75/$11,008.95
Annualized Return: -26.7%
= (-$1,164.80/$11,008.95)*(365/139 days)

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