Closed Two Positions -- Google Inc. and Micron Technology Inc.

This Monday, following last week's April options expiration, the Covered Calls Advisor closed two positions (Google Inc. and Micron Technology Inc.) in the portfolio by selling the long stock positions.

The return-on-investment performance for these closed positions are:

• Google Inc. = +7.1% absolute return (equivalent to +96.5% annualized return for the 27 days holding period)
• Micron Technology Inc. = +1.2% absolute return (equivalent to +6.5% annualized return for the 67 days holding period)
 

The transactions and the performance result for each position is detailed below.

1. Google Inc. (GOOG) -- Closed


The transactions were as follows:
04/01/2015 Sold 1 Google Inc. Apr2015 $535.00 Put @ $8.50
Note: The price of GOOG was $543.41 when this transaction was executed.
04/17/2015 One put option assigned and 100 shares of GOOG purchased @ $535.00 strike price.   Note: GOOG price was $524.05 upon options expiration. 04/27/2015 Sold 100 Google Inc. shares @ $564.79

The overall performance result (including commissions) for these transactions was as follows:
100% Cash-Secured Cost Basis: $53,500.00
= $535.00*100
Note:  the price of GOOG was $543.41 when the Put option was sold.

Net Profit:
(a) Options Income: +$840.30
= ($8.50*100 shares) - $9.70 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: +$2,979.00
= ($564.79-$535.00)*100 shares

Total Net Profit: +$3,819.30
= (+$840.30 +$0.00 +$2,979.00)


Absolute Return: +96.5%
= +$3,819.30/$53,500.00
Annualized Return: +33.7%
= (+$3,819.30/$53,500.00)*(365/27 days)



2. Micron Technology Inc. (MU) -- Closed
The transactions are as follows:
02/19/2015 Sold 4 Micron Technology Inc. Mar2015 $30.00 Puts @ $.53
Note: The price of Micron was $31.88 when this transaction was executed.
03/20/2015 4 MU Mar2015 Put options assigned and 300 shares of MU purchased at $30.00 strike price
Note: the price of Micron was $28.68 upon Mar2015 options expiration.
03/23/2015 Sold 4 MU Apr2015 $30.00 Call options @ $.54
Note: MU stock was $28.68 when these options were sold.

04/17/2015 Four call options expired and 400 shares of stock retained.  

04/27/2015 Sold 400 shares Micron at $29.37 each

The overall performance result (including commissions) for these Micron Technology transactions was as follows:
100% Cash-Secured Cost Basis: $12,000.00
= $30.00*400

Net Profit:
(a) Options Income: +$404.10
= ($.53+$.54)*400 shares - 2*$11.95 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: -$260.95
= ($29.37 - $30.00) * 400 shares - $8.95 commission

Total Net Profit: +$143.15 
= (+$404.10 +$0.00 -$260.95)

Absolute Return: +1.2%
= +$143.15/$12,000.00
Annualized Return (If MU is above $30.00 at expiration): +6.5%
= (+$143.15/$12,000.00)*(365/67 days)