The Covered Call Analyzer
$10,000 Monitored Aggressive Portfolio Trades for July 2008
This is a rolling portfolio and we will look at open positions and make new trades using monies from called positions each month on expiration weekend.
| Call Premium | Cost | Balance | |
| Balance from June: | $937 | ||
| From Aggressive "Stocks-to-Consider" for April 19, 2008 and putting $2,000 in the money available field | |||
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Buy 100 shares of GTX INC (GTXI) at $14.98 (closing last trade price) and sell 1 contracts of GQH EW (May$17.50) at $1.35 (closing bid price) expiring on 5/17/2008. Cost is $1,508, and income from sale of the calls is $124 and includes your commissions. Annualized return if called is 295%. Not called in May. Price at $15.76 and value at $1,576 at 5/17/2008. Will now sell Jun17.5 at $1.85. Not called in June. Price at $15.40 and value at $1,540 at 6/21/2008. Will now sell Jul15 at $0.80. Note that we have lowered the strike price but it is still above the purchase price. Called in July at $15.00. Proceeds $1,490 after commission. |
$2,427 | ||
| From Aggressive "Stocks-to-Consider" for May 17, 2008 and putting $2,000 in the money available field | |||
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Buy 100 shares of MF GLOBAL LTD (MF) at $14.46 (closing last trade price) and sell 1 contracts of MF FC (Jun$15.00) at $1.10 (closing bid price) expiring on 6/21/2008. Cost is $1,456, and income from sale of the calls is $99 and includes your commissions. Annualized return if called is 102%. Stock tanked on June 19. Price at June 21 is $6.86. Decided to hold. Price at July 19 is $6.24 and value at $723, down (50.4%) . Continuing to hold. |
still own shares | $2,427 | |
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Buy 100 shares of SILVER WHEATON CORP (SLW) at $14.44 (closing last trade price) and sell 1 contracts of SLW FC (Jun$15.00) at $0.65 (closing bid price) expiring on 6/21/2008. Cost is $1,454, and income from sale of the calls is $54 and includes your commissions. Annualized return if called is 72%. Not called in June. Price at $13.50 and value at $1,350 at 6/21/2008. Will now sell Jul15 at $0.25. Not called in July. Price at $14.83 and value at $1,483 at 7/19/2008. Will now sell Aug15 at $0.85. |
$74 | still own shares | $2,501 |
| From Aggressive "Stocks-to-Consider" for June 21, 2008 and putting $2,000 in the money available field | |||
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Buy 100 shares of CHINA FINANCE ONLINE ADS (JRJC) at $18.25 (closing last trade price) and sell 1 contracts of JQJ GD (Jul$20.00) at $1.05 (closing bid price) expiring on 7/19/2008. Cost is $1,835, and income from sale of the calls is $94 and includes your commissions. Annualized return if called is 176%. Not called in July. Price at $17.79 and value at $1,779 at 7/19/2008. Will now sell Aug20 at $0.85. |
$74 | still own shares | $2,575 |
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Buy 100 shares of CONTINENTAL AIRLINES B (CAL) at $14.23 (closing last trade price) and sell 1 contracts of CAL GC (Jul$15.00) at $1.35 (closing bid price) expiring on 7/19/2008. Cost is $1,433, and income from sale of the calls is $124 and includes your commissions. Annualized return if called is 164%. Exercised get-out price at $12.10 (-15%) after buying back call at $0.05 on April 22. Proceeds $1,200 after commission. |
($17) | $3,758 | |
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Buy 100 shares of YINGLI GREEN ENERGY ADS (YGE) at $19.48 (closing last trade price) and sell 1 contracts of YGE GD (Jul$20.00) at $1.60 (closing bid price) expiring on 7/19/2008. Cost is $1,958, and income from sale of the calls is $149 and includes your commissions. Annualized return if called is 120%. Exercised get-out price at $16.65 (-15%) after buying back call at $0.05 on April 22. Proceeds $1,655 after commission. |
($17) | $5,396 | |
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Buy 100 shares of FAMILY DOLLAR STORES INC (FDO) at $19.40 (closing last trade price) and sell 1 contracts of FDO GD (Jul$20.00) at $0.95 (closing bid price) expiring on 7/19/2008. Cost is $1,950, and income from sale of the calls is $84 and includes your commissions. Annualized return if called is 83%. Called in June at $20.00. Proceeds $1,990 after commission. |
$7,386 | ||
| From Aggressive "Stocks-to-Consider" for July 19, 2008 and putting $2,000 in the money available field | |||
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Buy 300 shares of MF GLOBAL LTD (MF) at $6.24 (closing last trade price) and sell 3 call Out-of-the-Money contracts of MF HU (Aug$7.50) at $0.75 (closing bid price) expiring on 8/16/2008. Cost is $1,882, and income from sale of the calls is $211 and includes your commissions. Annualized return if called is 387%. |
$211 | $1,882 | $5,715 |
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Buy 200 shares of FIRSTFED FINANCIAL CORP (FED) at $6.64 (closing last trade price) and sell 2 call Out-of-the-Money contracts of FED HU (Aug$7.50) at $1.05 (closing bid price) expiring on 8/16/2008. Cost is $1,338, and income from sale of the calls is $197 and includes your commissions. Annualized return if called is 338%. |
$197 | $1,338 | $4,574 |
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Buy 200 shares of ISTAR FINANCIAL INC (SFI) at $8.94 (closing last trade price) and sell 2 call Out-of-the-Money contracts of SFI HB (Aug$10.00) at $1.05 (closing bid price) expiring on 8/16/2008. Cost is $1,798, and income from sale of the calls is $197 and includes your commissions. Annualized return if called is 279%. |
$197 | $1,798 | $2,973 |
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Buy 200 shares of ANADIGICS INC (ANAD) at $8.96 (closing last trade price) and sell 2 call Out-of-the-Money contracts of AKQ HB (Aug$10.00) at $0.90 (closing bid price) expiring on 8/16/2008. Cost is $1,802, and income from sale of the calls is $167 and includes your commissions. Annualized return if called is 255%. |
$167 | $1,802 | $1,338 |
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Buy 200 shares of IMMERSION CORP (IMMR) at $6.97 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IMU HU (Aug$7.50) at $0.50 (closing bid price) expiring on 8/16/2008. Cost is $1,404, and income from sale of the calls is $87 and includes your commissions. Annualized return if called is 164%. |
$87 | $1,404 | $21 |
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Totals for July: |
$973 | $8,227 | $21 |
| Portfolio value at July 19, 2008 is $12,081*, up 20.8%. | |||
*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 19, 2008 (expiration weekend), Investment Enhancing Systems, Inc. initiated a new $10,000 aggressive portfolio for 2008, 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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