Today, Call options were sold against long shares in each of five long equity positions (General Motors Co., iShares MSCI Emerging Markets ETF, Nationstar Mortgage Holdings Inc., Polaris Industries Inc., and The Walt Disney Co.) so that continuation covered call positions are established for the Feb2016 options expiration. The trade history for each position is described below. The return-on-investment results for each position will be posted on this Covered Calls Advisor site upon expiration (or on whatever date each position is closed out).
1. General Motors Co. -- Continuation
The transactions to-date are as follows:
12/28/2015 Bought 300 General Motors Co. shares @ $34.31
12/28/2015 Sold 3 GM Jan2016 $33.00 Call options @ $1.66
Note: the stock purchase and the sale of these call options was done as a simultaneous buy/write transaction.
01/15/2016 Jan2016 GM Call options expired
01/22/2016 Sold 3 GM Feb2016 $30.00 Call options @ $1.29
Note: the price of GM was $30.62 when these Call options were sold.
2. iShares MSCI Emerging Markets ETF -- Continuation
The transactions are as follows:
12/08/2015 Bought 300 iShares MSCI Emerging Markets ETF shares @ $32.59
12/08/2015 Sold 3 EEM Jan2016 $32.00 Call options @ $1.09
Note: a simultaneous buy/write transaction was executed.
12/21/2015 Ex-distribution of $.5008 per share
01/15/2016 Jan2016 EEM Call options expired
01/22/2016 Sold 3 EEM Feb2016 $29.50 Call options @ $.75
Note: the price of EEM was $29.21 when these Call options were sold.
3. Nationstar Mortgage Holdings Inc. -- Continuation
The transactions are as follows:
12/08/2015 Sold 3 NSM Jan2016 $12.00 100% cash-secured Put options @ $.95
Note: the price of NSM was $11.68 today when this transaction was executed.
01/15/2016 3 NSM Put options expired and 300 shares were purchased at the $12.00 strike price.
Note: the price of NSM was $11.17 upon options expiration
01/22/2016 Sold 3 NSM Feb2016 $11.00 Call options @ $.55
Note: the price of NSM was $10.75 when these Call options were sold.
4. Polaris Industries, Inc. -- Continuation
The transactions are as follows:
11/24/2015 Bought 100 PII shares @ $103.92
11/24/2015 Sold 1 PII Dec2015 $100.00 Call option @ $5.32
11/27/2015 Ex-dividend of $.53 per share
12/18/2015 1 Polaris Dec2015 $100.00 Call option expired
12/23/2015 Sold 1 PII Jan2016 Call option @ $1.50
Note: the price of PII was $86.20 when this Call option was sold.
01/15/2016 Jan2016 PII Call options expired
01/22/2016 Sold 1 PII Feb2016 $80.00 Call option @ $5.90
Note: the price of PII was $82.65 when this Call option was sold.
5. The Walt Disney Company -- Continuation
The transactions are as follows:
12/21/2015 Sold 2 DIS Jan2016 $102.00 100% cash-secured Put options @ $1.83
Note: the price of DIS was $105.86 today when this transaction was executed.
01/15/2016 2 DIS Put options expired and 200 shares were purchased at the $102.00 strike price.
Note: the price of DIS was $93.90 upon options expiration
01/22/2016 Sold 2 DIS Feb2016 $95.00 Call options @ $3.95
Note: the price of DIS was $96.23 when these Call options were sold.
