$10,000 Monitored Aggressive Portfolio Trades for December 2007
This portfolio was closed out on expiration weekend of January 2008. Closeout transactions are shown at the bottom of the page.
| Call Premium | Cost | Balance | |
| From November: | $532 | ||
| From Aggressive "Stocks-to-Consider" for October 20, 2007 and putting $2,000 in the money available field | |||
| Buy 100 shares of SWIR purchased in October at $19.47 and sell 1 contracts of IYQ KX (Nov$22.50 ) at $0.60 expiring on 11/17/2007. Not called in November. Price at $18.52 and value at $1,852 on 11/17/2007. Will now sell Dec20 at $0.90. Note that we have lowered the strike since it is still above the purchase price. Exercised get-out price at $16.55 (-15%) after buying back calls at $0.05. Proceeds $1,645 after commission. | ($17) | $2,160 | |
|
Buy 100 shares of STMP purchased in October at $11.95 (closing last trade price) and sell 1 contracts of JXQ KV (Nov$12.50 ) at $0.55 (closing bid price) expiring on 11/17/2007. Not called in November. Price at $12.50 and value at $1,250 on 11/17/2007. Will now sell Dec12.5 at $0.60. Called in December at $12.50. Proceeds $1,240 after commission. |
$3,400 | ||
| From Aggressive "Stocks-to-Consider" for November 17, 2007 and putting $2,000 in the money available field | |||
|
100 shares of XMSR purchased in November at $13.98 and sell 1 contracts of QSY LC (Dec$15.00 ) at $1.70 expiring on 12/22/2007. Not called in December. Price at $12.43 and value at $1,243 on 12/22/2007. Will now sell Jan15 at $1.15. |
+$104 | still own shares | $3,504 |
|
Buy 100 shares of CRME at $10.56 (closing last trade price) and sell 1 contracts of UXY LV (Dec$12.50 ) at $1.60 (closing bid price) expiring on 12/22/2007. (risky) Exercised get-out price at $8.98 (-15%) after buying back calls at $0.05. Proceeds $888 after commission. |
($17) | $4,375 | |
|
100 shares of THOR at $18.83 and sell 1 contracts of TQU LD (Dec$20.00 ) at $1.35 expiring on 12/22/2007. Not called in December. Price at $17.94 and value at $1,794 on 12/22/2007. Sold all shares at $17.94 to close out position. Proceeds $1,784 after commission. |
$6,159 | ||
|
100 shares of EMC at $19.64 and sell 1 contracts of EMC LD (Dec$20.00 ) at $1.00 expiring on 12/22/2007. Not called in December. Price at $19.03 and value at $1,903 on 12/22/2007. Will now sell Jan20 at $0.50. |
+$38 | still own shares | $6,197 |
|
Buy 100 shares of TTWO at $15.07 (closing last trade price) and sell 1 contracts of TUO LW (Dec$17.50 ) at $0.85 (closing bid price) expiring on 12/22/2007. Called in December at $17.50. Proceeds $1,740 after commission. |
$7,937 | ||
| From Aggressive "Stocks-to-Consider" for December 22, 2007 and putting $2,000 in the money available field | |||
|
Buy 100 shares of OSTK at $15.69 (closing last trade price) and sell 1 contracts of QKT AW (Jan$17.50 ) at $0.80 (closing bid price) expiring on 1/19/2008 . |
+$69 | $1,579 | $6,427 |
|
Buy 100 shares of IMMR at $13.80 (closing last trade price) and sell 1 contracts of IMU AC (Jan$15.00 ) at $0.55 (closing bid price) expiring on 1/19/2008 . |
+$44 | $1,390 | $5,080 |
|
Buy 100 shares of MDTL at $14.25 (closing last trade price) and sell 1 contracts of MRU AC (Jan$15.00 ) at $1.00 (closing bid price) expiring on 1/19/2008 . |
+$89 | $1,435 | $3,735 |
|
Buy 100 shares of PMTI at $18.77 (closing last trade price) and sell 1 contracts of HKQ AD (Jan$20.00 ) at $1.00 (closing bid price) expiring on 1/19/2008 . |
+$89 | $1,887 | $1,937 |
|
Buy 100 shares of RDN at $11.07 (closing last trade price) and sell 1 contracts of RDN AV (Jan$12.50 ) at $0.65 (closing bid price) expiring on 1/19/2008 . |
+$54 | $1,117 | $874 |
|
Totals for December: |
+$487 | $874 | |
| Portfolio value at December 22, 2007 is $11,378. Will have final numbers at expiration in January. | |||
| Closeout of positions held at the end of December. | |||
| 100 shares of XMSR purchased in November at $13.98 and sell 1 contracts of QSY LC (Dec$15.00 ) at $1.70 expiring on 12/22/2007. Not called in December. Price at $12.43 and value at $1,243 on 12/22/2007. Will now sell Jan15 at $1.15. Exercised get-out price at $11.88 (-15%) on January 7, after buying back calls at $0.05. Proceeds $1,178 after commission. | ($17) | $2,035 | |
| 100 shares of EMC purchased in November at $19.64 and sell 1 contracts of EMC LD (Dec$20.00 ) at $1.00 expiring on 12/22/2007. Not called in December. Price at $16.69 and value at $1,903 on 12/22/2007. Will now sell Jan20 at $0.50. Exercised get-out price at $16.39 (-15%) on January 4, after buying back calls at $0.05. Proceeds $1,629 after commission. | ($17) | $3,647 | |
| 100 shares of OSTK purchased in December at $15.69 and sell 1 contracts of QKT AW (Jan$17.50 ) at $0.80 expiring on 1/19/2008. Exercised get-out price at $13.34 (-15%) on January 3, after buying back calls at $0.05. Proceeds $1,324 after commission. | ($17) | $4,954 | |
| 100 shares of IMMR purchased in December at $13.80 and sell 1 contracts of IMU AC (Jan$15.00 ) at $0.55 expiring on 1/19/2008. Exercised get-out price at $11.73 (-15%) on January 4, after buying back calls at $0.05. Proceeds $1,163 after commission. | ($17) | $6,100 | |
| 100 shares of MDTL purchased in December at $14.25 and sell 1 contracts of MRU AC (Jan$15.00 ) at $1.00 expiring on 1/19/2008. Exercised get-out price at $12.11 (-15%) on January 3, after buying back calls at $0.05. Proceeds $1,201 after commission. | ($17) | $7,284 | |
| 100 shares of PMTI purchased in December at $18.77 and sell 1 contracts of HKQ AD (Jan$20.00 ) at $1.00 expiring on 1/19/2008. Exercised get-out price at $15.95 (-15%) on December 24, after buying back calls at $0.05. Proceeds $1,585 after commission. | ($17) | $8,852 | |
| 100 shares of RDN purchased in December at $11.07 and sell 1 contracts of RDN AV (Jan$12.50 ) at $0.65 expiring on 1/19/2008. Exercised get-out price at $9.41 (-15%) on January 8, after buying back calls at $0.05. Proceeds $931 after commission. | ($17) | $9,766 | |
| Portfolio value at January 19, 2008 (closeout) is $9,766. | |||
*After the effect of all commissions.
The stocks listed above are for illustrative and educational purposes only and should not be construed as an endorsement, recommendation, or solicitation to buy or sell any particular security.
On January 20, 2007 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2007, This portfolio uses stocks identified in our Aggressive "Stocks-to-Consider" list by selecting buy/writes from the "Stocks with high or negative PE ratios" list. We have set the money available to $2,000 and have reduced the commissions for purchasing the stock to $9.95 and selling the calls to $9.95 plus $1.50 per contract in our parameters page. Several low cost, on-line brokers offer these low commissions. Since it is an aggressive portfolio, we keep the premium income and stock price appreciation to the strike price in the portfolio. We update the portfolio each month on expiration weekend. Our objective is to maintain and grow the portfolio. The table above lists details of stocks bought and calls sold, and when we held the stock or exercised our get-out price. Note: In all of our lists and portfolios, we have established a get-out price which we exercise when the stock price drops 15%. If this happens during the month, we will get-out and report the sale of the stock and the buy-back of the calls at the next expiration weekend postings. We anticipate good months and poor months, with a general gain at year end. Patience usually wins. Because this portfolio is limited in diversity, it will be much more difficult to realize the types of gains in our larger portfolios.
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