$100,0000 Retirement Portfolio Trades for April 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.
NOTE: Beginning in April we began taking out call premium up to $2,000 per month rather than all the call premium. The balance is put back into the Retirement portfolio and used to purchase more stock.
| Income* | Cost* |
Balance |
|
|
Balance from March: |
$5,181 |
||
| From Conservative "Stocks-to-Consider" for January 19, 2008 and putting $10,000 into the money available field. | |||
|
500 shares of GRA purchased in January at $17.52 and sell 5 contracts of GRA BX (Feb$22.50) at $0.60 expiring on 2/16/2008. Not called on February 16, 2008 expiration weekend), price at $22.02, and value including call premium is $12,375, up +40.9%. Will now sell Mar22.5 at $2.20 expiring on March 22, 2008. Not called on March 22, 2008 expiration weekend), price at $21.67, and value including call premium is $12,957, up +47.6%. Will now sell Apr22.5 at $1.55 expiring on March 22, 2008. Called on April 19, 2008 at $22.50. Proceeds $11,230 after commission. |
. | . |
$16,411 |
|
300 shares of SNDA purchased in January at $26.70 and sell 3 contracts of QKU Bf (Feb$30.00) at $0.90 expiring on 2/16/2008. Not called on February 16, 2008 expiration weekend), price at $28.26, and value including call premium is $9,169, up +14.2%. Will now sell Mar30 at $1.50 expiring on March 22, 2008. Not called on March 22, 2008 expiration weekend), price at $26.68, and value including call premium is $8,831, up +10.0%. Will now sell Apr30 at $0.50 expiring on March 22, 2008. Called on April 19, 2008 at $30.00. Proceeds $8,980 after commission. |
. | . |
$25,391 |
| From Conservative "Stocks-to-Consider" for February 16, 2008 and putting $10,000 into the money available field. | |||
|
500 shares of FHN at $18.46 and sell 5 contracts of FHN CD (Mar$20.00) at $0.85 expiring on 3/22/2008. Not called on March 22, 2008 expiration weekend), price at $17.17, and value including call premium is $9,250, up +0.0%. Will now sell Apr20 at $0.55 expiring on April 22, 2008. Exercised get-out price at $15.69 (-15%) on March 27 after buying back calls at $0.05. Proceeds $7,825 after commission. |
($41) | . |
$33,216 |
|
500 shares of IDCC at $18.76 and sell 5 contracts of DAQ CD (Mar$20.00) at $0.90 expiring on 3/22/2008. Not called on March 22, 2008 expiration weekend), price at $19.46, and value including call premium is $10,745, up +14.3%. Will now sell Apr20 at $1.20 expiring on April 22, 2008. Not called on April 19, 2008 (expiration weekend), price at $18.82, and value including call premium is $10,807, up +15.0%. Will now sell May20 at $0.80 expiring on May 17, 2008. |
$383 | still own shares |
$33,216 |
| From Conservative "Stocks-to-Consider" for March 22, 2008 and putting $10,000 into the money available field. | |||
|
900 shares of NWA at $10.04 and sell 9 contracts of NWA DV (Apr$12.50) at $0.75 expiring on 4/19/2008. Exercised get-out price at $8.53 (-15%) on March 27 after buying back calls at $0.05. Proceeds $7,657 after commission. |
($69) |
$40,875 |
|
|
900 shares of CSE at $10.23 and sell 9 contracts of CSE DV (Apr$12.50) at $0.75 expiring on 4/19/2008. Called on April 19, 2008 at $12.50. Proceeds $11,230 after commission. |
. | . |
$52,105 |
|
600 shares of TSRA at $14.62 and sell 6 contracts of TJQ DW (Apr$17.50) at $1.25 expiring on 4/19/2008. Called on April 19, 2008 at $17.50. Proceds $10,480 after commission. |
. | . |
$62,585 |
|
400 shares of SRZ at $20.45 and sell 4 contracts of SRZ DE (Apr$25.00) at $0.80 expiring on 4/19/2008. Not called on April 19, 2008 (expiration weekend), price at $21.49, and value including call premium is $9,204, up +12.2%. Will now sell May25 at $0.80 expiring on May 17, 2008. |
$304 | still own shares |
$62,585 |
|
Buy 600 shares of JEF at $16.61 (closing last trade price) and sell 6 contracts of JEF DD (Apr$20.00) at $0.60 (closing bid price) expiring on 4/19/2008. Exercised get-out price at $14.12 on April 15 after buying back calls at $0.05. Proceeds $8,452 after commission. |
($49) | . |
$71,037 |
|
Buy 600 shares of YGE at $14.73 (closing last trade price) and sell 6 contracts of YGE DW (Apr$17.50) at $0.65 (closing bid price) expiring on 4/19/2008. Called on April 19, 2008 at $17.50. Proceds $10,480 after commission. |
$81,517 |
||
| From Conservative "Stocks-to-Consider" for April 19, 2008 and putting $10,000 into the money available field. | |||
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $284 | $8,272 | $73,245 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $383 | $8,550 | $64,695 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $383 | $8,820 | $55,875 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $331 | $8,573 | $47,302 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $244 | $8,764 | $38,535 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $284 | $8,024 | $30,514 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $418 | $9,116 | $21,398 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $166 | $8,039 | $13,359 |
| Our Subscribers saw this buy/write found by the Analyzer on April 19, 2008, expiration weekend | $680 | $9,855 | $3,504 |
|
Totals for April: |
$3,701 | ||
|
Taking $2,000 out of income total leaves $1,701 that will be put back into portfolio: |
$1,701 | $5,205 | |
| Portfolio value at April 19, 2008 is $104,099* after $17,398 taken as income in four months. Total return including income is $121,497*, up 21.5%. |
*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.
Starting in January 2008, Investment Enhancing Systems, Inc. provided this retirement portfolio using the stocks identified in our Conservative "Stocks-to-Consider" list. We started by investing $100,000 in stock buy/writes identified by the Covered Call Analyzer on expiration weekend for January 2007.Since it is a retirement portfolio, we take the premium income each month as income. We reinvest (keep in the portfolio) stock price appreciation to the strike price. Our objective is to maintain and grow the portfolio while maintaining a monthly income of over $2000. We will update this portfolio each month on expiration weekend, using the Analyzer, to find more buy/writes using the monies realized from called or "get-out" sales.
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