1. Avis Budget Group Inc. (CAR) -- Closed
The transaction was as follows:
Note: the price of CAR was $38.95 today when this transaction was executed.
12/18/2015 Bought 300 CAR shares at $37.50 strike price
12/23/2015 Sold 300 CAR shares @ $36.50
The overall performance result (including commissions) was as follows:
100% Cash-Secured Cost Basis: $11,250.00
= $37.50*300
Net Profit:
(a) Options Income: +$288.80
= ($1.00*300 shares) - $10.20 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: -$294.00
= ($36.52 -$37.50)*300 shares
Total Net Profit: -$5.20
= (+$288.80 options income +$0.00 dividend income -$294.00 capital appreciation)
Absolute Return: -0.05%
= -$5.20/$11,250.00
Annualized Return: -0.6%
= (-$5.20/$11,250.00)*(365/29 days)
2. Kinder Morgan Inc. (KMI) -- Closed The transactions were as follows:
11/27/2015 Bought 300 Kinder Morgan shares @ $23.95
11/27/2015 Sold 3 KMI Dec2015 $22.50 Call Options @ $1.80
12/18/2015 3 KMI Call options expired since price was below strike price at Dec2015 expiration
12/23/2015 Sold 300 KMI shares @ $16.30
The overall performance result (including commissions) was as follows:
Stock Purchase Cost: $7,192.95
= ($23.95*300+$7.95 commission)
Net Profit:
(a) Options Income: +$529.80
= 300*$1.80 - $10.20 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation = -$2,302.95
= ($16.30 -$23.95)*300 - $7.95 commissions
Total Net Profit: -$1,773.15
= (+$529.80 +$0.00 -$2,302.95)
Absolute Return: -24.7%
= -$1,773.15/$7,192.95
3. MetLife Inc. (MET) -- Closed The transactions were as follows:
12/09/2015 Bought 300 MetLife Inc. @ $48.43
12/09/2015 Sold 3 MET Dec2015 $47.50 Call Options @ $1.51
12/18/2015 Bought 300 MET shares at $47.50 strike price
12/23/2015 Sold 300 MET shares @ $47.653
The overall performance result (including commissions) was as follows:
Stock Purchase Cost: $14,536.95
= ($48.43*300+$7.95 commission)
Net Profit:
(a) Options Income: +$442.80
= 300*$1.51 - $10.20 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation = -$241.05
= ($47.653-$48.43)*300 - $7.95 commissions
Total Net Profit: +$201.75
= (+$442.80 +$0.00 -$241.05)
Absolute Return: +1.4%
= +$201.75/$14,536.95
Annualized Return If Assigned (ARIA): +33.8%
= (+$201.75/$14,536.95)*(365/15 days)
4. Paccar Inc. (PCAR) -- Closed
The transactions were:
12/10/2015 Bought 200 PCAR shares @ $48.97
12/10/2015 Sold 2 PCAR Jan2016 $45.00 Call options @ $4.47
Note: a simultaneous buy/write transaction was executed.
12/16/2015 Special dividend of $1.40 per share. Strike price adjusted to $43.60.
12/23/2015 Unwound covered calls position by simultaneous selling of 200 shares of PCAR @ $48.11 and buy-to-close of two short Call options @ $4.76.
The overall performance result (including commissions) for this PCAR covered calls position was as follows:
Stock Purchase Cost: $9,801.95
= ($48.97*200+$7.95 commission)
Net Profit:
(a) Options Income: -$68.95
= ($4.47-$4.76)*200 shares) - $9.45 - $1.50 commissions
(b) Dividend Income: +$280.00
= ($1.40 special dividend per share x 200 shares)
(c) Capital Appreciation: -$179.95
+($48.11-$48.97)*200 - $7.95 commissions
+($48.11-$48.97)*200 - $7.95 commissions
Total Net Profit: +$31.10
= (-$68.95 +$280.00 -$179.95)
Absolute Return: +0.3%
Absolute Return: +0.3%
= +$31.10/$9,801.95
Annualized Return: +8.9%
= (+$31.10/$9,801.95)*(365/13 days)
