The detailed transactions for each position as well as the return-on-investment performance are as follows:
The transactions were as follows:
04/29/2015 Sold 4 Hertz Global Holdings Inc. May2015 $21.00 Puts @ $.65
Note: The price of HTZ was $20.84 when this transaction was executed.
05/15/2015 Four HTZ Puts expired and 400 shares of Hertz stock was purchased at the $21.00 strike price
Note: the price of HTZ was $20.60 upon May2015 options expiration
05/22/2015 Closed out Hertz position by selling 400 shares of HTZ stock at $20.96
The Covered Calls Advisor does not use margin, so the detailed information on this position and the result shown below reflect the fact that this position was established using 100% cash securitization for the four Put options sold.
The overall performance result (including commissions) for this transaction was as follows:
100% Cash-Secured Cost Basis: $8,400.00
= $21.00*400
Note: the price of HTZ was $20.84 when these Put options were sold.
Net Profit:
(a) Options Income: +$248.05
= ($.65*400 shares) - $11.95 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: -$24.95
= ($20.96-$21.00)*400 shares - $8.95 commissions
Total Net Profit: +$223.10
= (+$248.05 +$0.00 -$8.95)
Absolute Return: +2.7%
= +$223.10/$8,400.00
Annualized Return: +42.1%
= (+$223.10/$8,400.00)*(365/23 days)
The transactions were as follows:
03/24/2015 Sold 3 UAL 100% cash-secured $64.00 Apr2015 Put options @ $1.25
Note: The price of UAL was $67.70 when this transaction was executed.
04/17/2015 3 UAL Puts expired and 300 shares of United Continental stock was purchased at the $64.00 strike price
Note: the price of UAL was $61.49 upon Apr2015 options expiration
05/05/2015 Closed out United Continental position by selling 300 UAL stock at $59.41 per share
The overall performance result (including commissions) was as follows:
100% Cash-Secured Cost Basis: $19,200.00
= $64.00*300
Net Profit:
(a) Options Income: +$363.80
= ($1.25*300 shares) - $11.20 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: -$1,377.00
= ($59.41-$64.00)*300 shares
Total Net Profit: -$1,013.20
= (+$363.80 +$0.00 -$1,377.00)
Absolute Return: -5.3%
= -$1,103.20/$19,200.00
Annualized Return: -45.9%
= (-$1,103.20/$19,200.00)*(365/42 days)
3. YRC Worldwide Inc. (YRCW) -- Closed
The transactions are as follows:
02/23/2015 Sold 4 YRCW Mar2015 $20.00 100% cash-secured Put options @ $1.30Note: The price of YRCW was $19.67 when this transaction was executed.
04/17/2015 4 YRCW Puts expired and 400 shares of YRW Worldwide stock was purchased at the $20.00 strike price
Note: the price of YRCW was $16.08 upon Apr2015 options expiration
05/05/2015 Closed out YRC Worldwide position by selling 400 YRCW stock at $13.77 per share
The overall performance result (including commissions) was as follows:
100% Cash-Secured Cost Basis: $8,000.00
= $20.00*400
Net Profit:
(a) Options Income: +$696.10
= ($1.30 + $.50)*400 shares - 2*$11.95 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: -$2,492.00
= ($13.77 - $20.00)*400 shares
Total Net Profit: -$1,795.90
= (+$696.10 +$0.00 -$2,492.00)
Absolute Return: -22.4%
= -$1,795.90/$8,000.00
Annualized Return: -115.4%
= (-$1,795.90/$8,000.00)*(365/71 days)
