1. Apple Inc. (AAPL) -- New Position
The transaction was as follows:
01/05/2015 Sold 2 Apple Inc. Jan 9, 2015 $105.00 Puts @ $1.12
Note: The price of AAPL was $106.53 when this transaction was executed.
The Covered Calls Advisor does not use margin, so the detailed information on this position and some potential results shown below reflect the fact that this position was established using 100% cash securitization for the two Put options sold.
A possible overall performance result (including commissions) for this transaction would be as follows:
100% Cash-Secured Cost Basis: $21,000.00
Note: the price of AAPL was $106.53 when these Put options were sold.
(a) Options Income: +$213.55
= ($1.12*200 shares) - $10.45 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If AAPL is above $105.00 strike price at Jan 9th, 2015 expiration): +$0.00
= ($105.00-$105.00)*200 shares
Total Net Profit (If AAPL is above $105.00 strike price upon this Friday's options expiration): +$213.55
= (+$213.55 +$0.00 +$0.00)
Absolute Return (If AAPL is above $105.00 strike price at Jan 9th, 2015 options expiration): +1.0%