My Covered Call Blog

TBT - New Position

noreply@blogger.com (CCWriter) — Wed, 25 Jan 2012 23:12:00 +0000

A new CSP position was established today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

This is the third position on TBT.

This position represents a new strategy for idle cash. The idea is to earn interest at the current 30 Year Treasury rate (3.12%) or more for a period of 1 year or less. I chose the lowest possible strike and shortest expiration that met the criteria. The 14 strike provides 25% downside protection at the current price through Jan 2013, and is 20% below the 52 week low of $17.28, which also happens to be the lowest close since inception. With interest rates at historic lows, and unlikely to go much lower, this seems like a pretty safe bet and it beats leaving cash in the account at zero interest.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/25/2012	TBT	CSP Margin Used	CSP 400 TBT @ 14.00		($5,600.00)
1/25/2012	TBT	Initial Put Option	STO 4 Jan13 14.00 Put @ 0.57			$229.70

Position Summary

Cost Basis	($5,600.00)
Income Generated	$229.70
Percent Income Generated	4.10%
Annualized Income Generated	4.17%
Net Profit If Assigned	$229.70
Percent Return If Assigned	4.10%
Annualized Return If Assigned	4.17%
Days Held to Expiration	359 days

NVS - New Position

noreply@blogger.com (CCWriter) — Wed, 25 Jan 2012 23:11:00 +0000

A new CSP position was established today on Novartis (NVS). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	10
Fair Value Estimate	$71.00
Target Buy Price	$56.80
Target Margin of Safety	20.00%
Actual Buy Price	$52.50
Actual Margin of Safety	26.06%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/25/2012	NVS	CSP Margin Used	CSP 100 NVS @ 52.50		($5,250.00)
1/25/2012	NVS	Initial Put Option	STO 1 Mar12 52.50 Put @ 1.18			$117.97

Position Summary

Cost Basis	($5,250.00)
Income Generated	$117.97
Percent Income Generated	2.25%
Annualized Income Generated	16.08%
Net Profit If Assigned	$117.97
Percent Return If Assigned	2.25%
Annualized Return If Assigned	16.08%
Days Held to Expiration	51 days

COP - New Position

noreply@blogger.com (CCWriter) — Wed, 25 Jan 2012 23:11:00 +0000

A new CSP position was established today on ConocoPhillips (COP). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Contender
Years of Consecutive Dividend Increases	11
Fair Value Estimate	$85.00
Target Buy Price	$68.00
Target Margin of Safety	20.00%
Actual Buy Price	$67.50
Actual Margin of Safety	20.59%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/25/2012	COP	CSP Margin Used	CSP 100 COP @ 67.50		($6,750.00)
1/25/2012	COP	Initial Put Option	STO 1 Mar12 67.50 Put @ 1.31			$130.97

Position Summary

Cost Basis	($6,750.00)
Income Generated	$130.97
Percent Income Generated	1.94%
Annualized Income Generated	13.89%
Net Profit If Assigned	$130.97
Percent Return If Assigned	1.94%
Annualized Return If Assigned	13.89%
Days Held to Expiration	51 days

ABT - New Position

noreply@blogger.com (CCWriter) — Wed, 25 Jan 2012 23:11:00 +0000

A new CSP position was established today on Abbott Laboratories (ABT). All prices include IB commissions.

This is the second position on ABT.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	39
Years of Positive Free Cash Flow (last 10 years)	10
Fair Value Estimate	$68.00
Target Buy Price	$54.40
Target Margin of Safety	20.00%
Actual Buy Price	$52.50
Actual Margin of Safety	22.79%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/25/2012	ABT	CSP Margin Used	CSP 100 ABT @ 52.50		($5,250.00)
1/25/2012	ABT	Initial Put Option	STO 1 May12 52.50 Put @ 1.00			$100.12

Position Summary

Cost Basis	($5,250.00)
Income Generated	$100.12
Percent Income Generated	1.91%
Annualized Income Generated	6.11%
Net Profit If Assigned	$100.12
Percent Return If Assigned	1.91%
Annualized Return If Assigned	6.11%
Days Held to Expiration	114 days

SPY - New Position

noreply@blogger.com (CCWriter) — Tue, 24 Jan 2012 21:30:00 +0000

A new CSP position was established today on SPDR S&P 500 ETF (SPY). All prices include IB commissions.

This position represents a new strategy for idle cash. The idea is to earn interest at the current 10 Year Treasury rate (2.05%) or more for a period of 1 year or less. I chose the lowest possible strike and shortest expiration that met the criteria. The 85 strike provides 35% downside protection at the current price through Dec 2012, and is at a multi-year support level. This seems like a pretty safe bet and it beats leaving cash in the account at zero interest.

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/24/2012	SPY	CSP Margin Used	CSP 100 SPY @ 85.00		($8,500.00)
1/24/2012	SPY	Initial Put Option	STO 1 Dec12 85.00 Put @ 1.63			$162.97

Position Summary

Cost Basis	($8,500.00)
Income Generated	$162.97
Percent Income Generated	1.92%
Annualized Income Generated	2.11%
Net Profit If Assigned	$162.97
Percent Return If Assigned	1.92%
Annualized Return If Assigned	2.11%
Days Held to Expiration	332 days

BHP - New Position

noreply@blogger.com (CCWriter) — Tue, 24 Jan 2012 21:29:00 +0000

A new CSP position was established today on Company Name (xxxx). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Challenger
Years of Consecutive Dividend Increases	9
Fair Value Estimate	$100.00
Target Buy Price	$70.00
Target Margin of Safety	30.00%
Actual Buy Price	$70.00
Actual Margin of Safety	30.00%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/24/2012	BHP	CSP Margin Used	CSP 100 BHP @ 70.00		($7,000.00)
1/24/2012	BHP	Initial Put Option	STO 1 Feb12 70.00 Put @ 0.46			$45.97

Position Summary

Cost Basis	($7,000.00)
Income Generated	$45.97
Percent Income Generated	0.66%
Annualized Income Generated	9.99%
Net Profit If Assigned	$45.97
Percent Return If Assigned	0.66%
Annualized Return If Assigned	9.99%
Days Held to Expiration	24 days

BDX - Adjustment

noreply@blogger.com (CCWriter) — Tue, 24 Jan 2012 21:29:00 +0000

The following adjustment was made today on Becton Dickinson and Company (BDX). All prices include IB commissions.

Criteria	Value
Dividend Champions Status	Champion
Years of Consecutive Dividend Increases	38
Fair Value Estimate	$98.00
Target Buy Price	$80.00
Target Margin of Safety	18.37%
Actual Buy Price	$80.00
Actual Margin of Safety	18.37%

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
1/24/2012	BDX	Continued Trade	STO 1 Feb12 80.00 Call @ 0.76			$76.27

Current Position Summary

Cost Basis	($8,000.00)
Income Generated	$442.97
Percent Income Generated	5.54%
Annualized Income Generated	7.49%
Net Profit If Assigned	$442.97
Percent Return If Assigned	5.54%
Annualized Return If Assigned	7.49%
Days Held to Expiration	270 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	BDX	CSP Margin Used	CSP 100 BDX @ 80.00		($8,000.00)
5/23/2011	BDX	Initial Put Option	STO 1 Sep11 80.00 Put @ 1.44	Exercised		$143.98
9/16/2011	BDX	CSP Margin Returned	CSP 100 BDX @ -80.00		$8,000.00
9/16/2011	BDX	Stock Assigned	EX 1 Sep11 80.00 Put @ -80.00		($8,000.00)
9/27/2011	BDX	Continued Trade	STO 1 Nov11 80.00 Call @ 1.78	Expired		$177.72
12/30/2011	BDX	Dividend Received	DIV 100 Dividend @ 0.45			$45.00
1/24/2012	BDX	Continued Trade	STO 1 Feb12 80.00 Call @ 0.76			$76.27
2/17/2012	BDX		Totals		($8,000.00)	$442.97
DTE	270		Percent Income/Annualized		5.54%	7.49%

Returns as of Jan 2012

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 21:10:00 +0000

This monthly report includes an Options Expiration Report, Performance Summary, Statement of Net Asset Value, and Statement of Cash Flows. All the data is obtained and/or verified from the Interactive Brokers (IB) Activity Statement.

Options Expiration Report for Jan 2011

2012 started out with the market rising by 8% since Dec expiration, as measured by the S&P Total Return Index. This resulted in all but 5 positions being closed out, either due to CC's that were exercised or CSP's that expired, and leaving my portfolio mostly in cash.

I had 24 positions for Jan expiration, 4 uncovered stock positions, 9 CC positions which were all exercised (CSX, DOV, FDX, LOW, MDT, NUE, RTN, STRA, & TEVA), and 11 CSP positions which all expired (ABT, BDX, COP, FDX, LOW, MMM, NUE, SPY, SYK, TEVA, & XOM). I also closed the GE Feb CC position.

I established no new CC/CSP positions this month.

I'm currently 13% invested and 87% in cash, with 5 open positions, 4 uncovered stock positions (AVP, BDX, and 2 on TBT), 1 CC position (ABT), and 0 CSP positions.

I'll be looking to establish new CSP positions in the coming weeks to put all this cash to work.

That's all for this months report.

Performance Summary

Results are measured by Return on Assets (ROA) and Cash Return on Invested Capital (CROIC). The benchmark for ROA is the S&P 500 Total Return Index, and the benchmark for CROIC is the 10 Year US Treasury Rate.

Return on Assets (ROA)

Reporting Period	My CC/CSP Portfolio (ROA)	S&P 500 Total Return Index	Percent Difference
This Expiration	1.96%	8.04%	-6.08%
Year-to-Date 2011	1.96%	8.04%	-6.08%
Total May 2005-Present	23.36%	26.04%	-2.68%
Annualized May 2005-Present	3.50%	3.90%	-0.40%

Cash Return on Invested Capital (CROIC)

Reporting Period	My CC/CSP Portfolio (CROIC)	10 Year US Treasury Rate (YTD Average)	Percent Difference
This Expiration	-0.05%	0.17%	-0.22%
Year-to-Date 2011 (XIRR)	-0.70%	2.03%	-2.73%

Financial Statements as of Jan 2010 Expiration

Statement of Net Asset Value	1/20/2012

Assets
Cash	$221,773.17
Stock	$24,819.00
Options	($18.71)
Interest Accruals	($0.01)
Dividend Accruals	$142.75
Net Asset Value	$246,716.20

Composition of Net Asset Value
Paid-in Capital	$200,000.00
Net Realized P/L on Stocks and Options	$5,946.05
Net Unrealized P/L on Stocks and Options	($4,999.07)
Accumulated Net Realized P/L on Stocks and Options	$45,769.22
Net Asset Value	$246,716.20

Changes in Net Asset Value
Changes in Mark-to-Market Value of Stocks and Options	$4,678.81
Changes in Broker Interest Paid and Received	$0.00
Changes in Dividend Accruals	$84.75
Changes in Other Fees	($15.92)

Net Asset Value at Beginning of Period	$241,968.56
Net Asset Value at End of Period	$246,716.20
Total Change in Net Asset Value	$4,747.64

Changes in Invested Capital
Cost Basis of Stocks at Beginning of Period	$83,067.00
Margin Required for Options at Beginning of Period	$63,950.00
Net Invested Capital at Beginning of Period	$147,017.00

Cost Basis of Stocks at End of Period	$32,500.00
Margin Required for Options at End of Period	$0.00
Net Invested Capital at End of Period	$32,500.00

Total Change in Invested Capital	($114,517.00)

Statement of Cash Flows	1/20/2012

Income and Expenses
Commissions	($5.47)
Dividends	$58.00
Broker Interest Paid and Received	$0.00
Net Trades (Sales)	$51,413.00
Net Trades (Purchase)	($246.00)
Other Fees	($15.92)
Payment In Lieu of Dividends	$0.00
Withholding Tax	$0.00
Net Income	$51,203.61

Cash Flows from Income Activities
Net Income	$51,203.61
Change in Investment Activities	($51,283.00)
Net Cash Provided by Income Activities	($79.39)

Cash Flows from Investment Activities
Stocks Sold	$51,283.00
Stocks Purchased	$0.00
Net Cash Provided by Investment Activities	$51,283.00

Changes in Cash
Cash at Beginning of Period	$170,569.56
Cash at End of Period	$221,773.17
Total Change in Cash	$51,203.61

Changes in Available Cash
Cash at Beginning of Period	$170,569.56
Margin Required for Options at Beginning of Period	($63,950.00)
Net Cash Available at Beginning of Period	$106,619.56

Cash at End of Period	$221,773.17
Margin Required for Options at End of Period	$0.00
Net Cash Available at End of Period	$221,773.17

Total Change in Available Cash	$115,153.61

Free Cash Flow
Cash Flow from Income Activities	($79.39)
Expenditures	$0.00
Free Cash Flow	($79.39)

Performance Results	1/20/2012
Return on Assets (ROA)	1.96%
Cash Return on Invested Capital (CROIC)	-0.05%

For a detailed explanation of the data used in this report please refer to IB's Activity Statement page and click on the "Explanation by Section" tab. The sections being used are:

Net Asset Value (NAV) in Base Currency
Mark-to-Market Performance Summary in Base
Realized & Unrealized Performance Summary in Base
Cash Report
Other Fees
Change In Dividend Accruals
Broker Interest Paid
Broker Interest Received

Definition of Terms

CC - Covered Call. Buy stock in 100 share increments and sell 1 call for each 100 shares of stock.

CSP - Cash Secured Put. Sell 1 put for each 100 shares of stock. Synthetically equivalent to a Covered Call at the same strike/expiration.

Invested Capital - is the total cost basis for the current open positions.

Invested Capital = Cost Basis of Stocks + Margin Required for Put Options

Cash Flow from Income Activities - consists of cash received from dividends, interest, and option premiums.

Cash Flow from Income Activities = Net Income + or - Change in Investment Activities

Cash Flows from Investment Activities - the difference between stocks sold and stocks purchased.

Cash Flows from Investment Activities = Stocks Purchased - Stocks Sold

Free Cash Flow = Cash Flow from Income Activities - Expenditures

Return on Assets (ROA) = Total Change in Net Asset Value / Net Asset Value at Beginning of Period

Cash Return on Invested Capital (CROIC) = Free Cash Flow / Net Invested Capital at Beginning of Period

NOTE: Returns are calculated on a fiscal basis, not on a calendar month/year basis. Monthly returns are from one options expiration to the next. Yearly returns are from Dec options expiration to Dec options expiration of the following year.

XOM - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:41:00 +0000

The Exxon Mobil Corp (XOM) Jan12 67.50 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary

Cost Basis	$6,750.00
Net Profit	$171.17
Percent Return	2.54%
Annualized Return	11.57%
Days Held to Expiration	80 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/1/2011	XOM	CSP Margin Used	CSP 100 XOM @ 67.50		($6,750.00)
11/1/2011	XOM	Initial Put Option	STO 1 Jan12 67.50 Put @ 1.71	Expired		$171.17
1/20/2012	XOM	CSP Margin Returned	CSP 100 XOM @ -67.50			$6,750.00
1/20/2012	XOM		Net Cost/Profit-Loss		($6,750.00)	$171.17
DTE	80		Percent Profit-Loss/Annualized		2.54%	11.57%

TEVA - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:38:00 +0000

The Teva Pharmaceutical Industries Ltd (TEVA) Jan12 35.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$3,500.00
Net Profit	$100.98
Percent Return	2.89%
Annualized Return	18.16%
Days Held to Expiration	58 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/23/2011	TEVA	CSP Margin Used	CSP 100 TEVA @ 35.00		($3,500.00)
11/23/2011	TEVA	Initial Put Option	STO 1 Jan12 35.00 Put @ 1.01	Expired		$100.98
1/20/2012	TEVA	CSP Margin Returned	CSP 100 TEVA @ -35.00			$3,500.00
1/20/2012	TEVA		Net Cost/Profit-Loss		($3,500.00)	$100.98
DTE	58		Percent Profit-Loss/Annualized		2.89%	18.16%

TEVA - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:35:00 +0000

The Teva Pharmaceutical Industries Ltd (TEVA) Jan12 45.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$4,500.00
Net Profit	$231.21
Percent Return	5.14%
Annualized Return	7.75%
Days Held to Expiration	242 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	TEVA	CSP Margin Used	CSP 100 TEVA @ 45.00		($4,500.00)
5/23/2011	TEVA	Initial Put Option	STO 1 Sep11 45.00 Put @ 1.23	Exercised		$122.98
9/16/2011	TEVA	CSP Margin Returned	CSP 100 TEVA @ -45.00		$4,500.00
9/16/2011	TEVA	Stock Assigned	EX 1 Sep11 45.00 Put @ -45.00		($4,500.00)
11/3/2011	TEVA	Continued Trade	STO 1 Jan12 45.00 Call @ 0.91	Exercised		$91.13
12/7/2011	TEVA	Dividend Received	DIV 100 Dividend @ 0.21			$21.49
12/7/2011	TEVA	Withholding Tax	TAX 1 Tax @ -0.04			($4.30)
1/20/2012	TEVA	Stock Called	EX 1 Jan12 45.00 Call @ 45.00			$4,499.91
1/20/2012	TEVA		Net Cost/Profit-Loss		($4,500.00)	$231.21
DTE	242		Percent Profit-Loss/Annualized		5.14%	7.75%

SYK - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:32:00 +0000

The Stryker Corp (SYK) Jan12 44.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$4,400.00
Net Profit	$124.56
Percent Return	2.83%
Annualized Return	12.76%
Days Held to Expiration	81 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
10/31/2011	SYK	CSP Margin Used	CSP 100 SYK @ 44.00		($4,400.00)
10/31/2011	SYK	Initial Put Option	STO 1 Jan12 44.00 Put @ 1.25	Expired		$124.56
1/20/2012	SYK	CSP Margin Returned	CSP 100 SYK @ -44.00			$4,400.00
1/20/2012	SYK		Net Cost/Profit-Loss		($4,400.00)	$124.56
DTE	81		Percent Profit-Loss/Annualized		2.83%	12.76%

STRA - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:29:00 +0000

The Strayer Education Inc (STRA) Jan12 95.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$9,500.00
Net Profit	$881.77
Percent Return	9.28%
Annualized Return	14.00%
Days Held to Expiration	242 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	STRA	CSP Margin Used	CSP 100 STRA @ 95.00		($9,500.00)
5/23/2011	STRA	Initial Put Option	STO 1 Oct11 95.00 Put @ 3.19	Exercised		$318.98
10/21/2011	STRA	CSP Margin Returned	CSP 100 STRA @ -95.00		$9,500.00
10/21/2011	STRA	Stock Assigned	EX 1 Oct11 95.00 Put @ -95.00		($9,500.00)
11/3/2011	STRA	Continued Trade	STO 1 Jan12 95.00 Call @ 4.63	Exercised		$462.97
12/12/2011	STRA	Dividend Received	DIV 100 Dividend @ 1.00			$100.00
1/20/2012	STRA	Stock Called	EX 1 Jan12 95.00 Call @ 95.00			$9,499.82
1/20/2012	STRA		Net Cost/Profit-Loss		($9,500.00)	$881.77
DTE	242		Percent Profit-Loss/Annualized		9.28%	14.00%

SPY - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:24:00 +0000

The SPDR S&P 500 ETF (SPY) Jan12 96.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$9,600.00
Net Profit	$109.28
Percent Return	1.14%
Annualized Return	7.16%
Days Held to Expiration	58 days

Trade History

Date	Stock	Description	Transaction	Stock Investment	Income Generated
11/23/2011	SPY	CSP Margin Used	CSP 100 SPY @ 96.00	($9,600.00)
11/23/2011	SPY	Initial Put Option	STO 1 Jan12 70.00 Put @ 1.09		$109.28
1/20/2012	SPY	CSP Margin Returned	CSP 100 SPY @ -96.00		$9,600.00
1/20/2012	SPY		Net Cost/Profit-Loss	($9,600.00)	$109.28
DTE	58		Percent Profit-Loss/Annualized	1.14%	7.16%

NUE - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:21:00 +0000

The Nucor Corporation (NUE) Jan12 35.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$3,500.00
Net Profit	$255.50
Percent Return	7.30%
Annualized Return	11.01%
Days Held to Expiration	242 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	NUE	CSP Margin Used	CSP 100 NUE @ 35.00		($3,500.00)
5/23/2011	NUE	Initial Put Option	STO 1 Oct11 35.00 Put @ 1.09	Expired		$108.98
10/31/2011	NUE	Continued Trade	STO 1 Jan12 35.00 Put @ 1.47	Expired		$146.52
1/20/2012	NUE	CSP Margin Returned	CSP 100 NUE @ -35.00			$3,500.00
1/20/2012	NUE		Net Cost/Profit-Loss		($3,500.00)	$255.50
DTE	242		Percent Profit-Loss/Annualized		7.30%	11.01%

NUE - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:18:00 +0000

The Nucor Corporation (NUE) Jan12 40.00 was exercised and the position was closed. All prices include IB commissions.

Closed Position Summary

Cost Basis	$4,000.00
Net Profit	$403.22
Percent Return	10.08%
Annualized Return	14.96%
Days Held to Expiration	246 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/19/2011	NUE	CSP Margin Used	CSP 100 NUE @ 40.00		($4,000.00)
5/19/2011	NUE	Initial Put Option	STO 1 Jun11 40.00 Put @ 0.35	Closed		$34.98
6/17/2011	NUE	Buy Back and Roll Out	BTC 1 Jun11 40.00 Put @ -0.75			($75.02)
6/17/2011	NUE	Continued Trade	STO 1 Oct11 40.00 Put @ 3.54	Exercised		$353.98
10/19/2011	NUE	CSP Margin Returned	CSP 100 NUE @ -40.00		$4,000.00
10/19/2011	NUE	Stock Assigned	EX 1 Oct11 40.00 Put @ -40.00		($4,000.00)
10/20/2011	NUE	Continued Trade	STO 1 Jan12 40.00 Call @ 0.89	Exercised		$89.36
1/20/2012	NUE	Stock Called	EX 1 Jan12 40.00 Call @ 40.00			$3,999.92
1/20/2012	NUE		Net Cost/Profit-Loss		($4,000.00)	$403.22
DTE	246		Percent Profit-Loss/Annualized		10.08%	14.96%

MMM - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:13:00 +0000

The 3M Company (MMM) Jan12 70.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$7,000.00
Net Profit	$246.95
Percent Return	3.53%
Annualized Return	10.64%
Days Held to Expiration	121 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
9/21/2011	MMM	CSP Margin Used	CSP 100 MMM @ 70.00		($7,000.00)
9/21/2011	MMM	Initial Put Option	STO 1 Oct11 70.00 Put @ 0.91	Expired		$90.98
10/31/2011	MMM	Continued Trade	STO 1 Jan12 70.00 Put @ 1.56	Expired		$155.97
1/20/2012	MMM	CSP Margin Returned	CSP 100 MMM @ -70.00			$7,000.00
1/20/2012	MMM		Net Cost/Profit-Loss		($7,000.00)	$246.95
DTE	121		Percent Profit-Loss/Annualized		3.53%	10.64%

MDT - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:09:00 +0000

The Medtronic Inc (MDT) Jan12 38.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$3,800.00
Net Profit	$244.17
Percent Return	6.43%
Annualized Return	9.73%
Days Held to Expiration	241 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/24/2011	MDT	CSP Margin Used	CSP 100 MDT @ 38.00		($3,800.00)
5/24/2011	MDT	Initial Put Option	STO 1 Aug11 38.00 Put @ 1.01			$101.03
8/19/2011	MDT	CSP Margin Returned	CSP 100 MDT @ -38.00		$3,800.00
8/19/2011	MDT	Stock Assigned	EX 1 Aug11 38.00 Put @ -38.00		($3,800.00)
9/20/2011	MDT	Continued Trade	STO 1 Nov11 38.00 Call @ 0.41	Expired	$0.00	$40.98
10/28/2011	MDT	Dividend Received	DIV 100 Dividend @ 0.24			$24.25
11/30/2011	MDT	Continued Trade	STO 1 Jan12 38.00 Call @ 0.78	Exercised	$0.00	$77.98
1/20/2012	MDT	Stock Called	EX 1 Jan12 38.00 Call @ 38.00		$0.00	$3,799.93
1/20/2012	MDT		Net Cost/Profit-Loss		($3,800.00)	$244.17
DTE	241		Percent Profit-Loss/Annualized		6.43%	9.73%

LOW - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 20:04:00 +0000

The Lowes Companies Inc (LOW) Jan12 21.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$4,200.00
Net Profit	$361.66
Percent Return	8.61%
Annualized Return	12.99%
Days Held to Expiration	242 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	LOW	CSP Margin Used	CSP 200 LOW @ 21.00		($4,200.00)
5/23/2011	LOW	Initial Put Option	STO 2 Oct11 21.00 Put @ 0.56	Expired		$112.56
10/31/2011	LOW	Continued Trade	STO 2 Nov11 21.00 Put @ 0.59	Expired		$118.55
11/23/2011	LOW	Continued Trade	STO 2 Jan12 21.00 Put @ 0.65	Expired		$130.55
1/20/2012	LOW	CSP Margin Returned	CSP 200 LOW @ -21.00			$4,200.00
1/20/2012	LOW		Net Cost/Profit-Loss		($4,200.00)	$361.66
DTE	242		Percent Profit-Loss/Annualized		8.61%	12.99%

LOW - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 19:59:00 +0000

The Lowes Companies Inc (LOW) Jan12 25.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,000.00
Net Profit	$505.26
Percent Return	10.11%
Annualized Return	12.50%
Days Held to Expiration	295 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
3/31/2011	LOW	CSP Margin Used	CSP 200 LOW @ 25.00		($5,000.00)
3/31/2011	LOW	Initial Put Option	STO 2 May11 25.00 Put @ 0.50	Closed		$100.57
5/19/2011	LOW	Buy Back and Roll Out	BTC 2 May11 25.00 Put @ -0.28			($55.44)
5/19/2011	LOW	Continued Trade	STO 2 Jun11 25.00 Put @ 0.69	Closed		$138.56
6/17/2011	LOW	Buy Back and Roll Out	BTC 2 Jun11 25.00 Put @ -2.20			($439.44)
6/17/2011	LOW	Continued Trade	STO 2 Oct11 25.00 Put @ 2.93	Exercised		$586.56
10/21/2011	LOW	CSP Margin Returned	CSP 200 LOW @ -25.00		$5,000.00
10/21/2011	LOW	Stock Assigned	EX 2 Oct11 25.00 Put @ -25.00		($5,000.00)
11/29/2011	LOW	Continued Trade	STO 2 Jan12 25.00 Call @ 0.87	Exercised		$174.55
1/20/2012	LOW	Stock Called	EX 2 Jan12 25.00 Call @ 25.00			$4,999.90
1/20/2012	LOW		Net Cost/Profit-Loss		($5,000.00)	$505.26
DTE	295		Percent Profit-Loss/Annualized		10.11%	12.50%

GE - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 19:52:00 +0000

The General Electric (GE) position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$3,600.00
Net Profit	$308.39
Percent Return	8.57%
Annualized Return	12.92%
Days Held to Expiration	242 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	GE	CSP Margin Used	CSP 200 GE @ 18.00		($3,600.00)
5/23/2011	GE	Initial Put Option	STO 2 Aug11 18.00 Put @ 0.50	Exercised		$99.16
8/19/2011	GE	CSP Margin Returned	CSP 2 @ 18.00		$3,600.00
8/19/2011	GE	Stock Assigned	EX 2 Aug11 18.00 Put @ -18.00		($3,600.00)
10/25/2011	GE	Dividend Received	DIV 200 Dividend @ 0.15			$30.00
10/27/2011	GE	Continued Trade	STO 2 Dec11 18.00 Call @ 0.40	Expired		$79.15
12/21/2011	GE	Continued Trade	STO 2 Feb12 18.00 Call @ 0.50			$99.15
1/20/2012	GE	Buy Back Call	BTC 2 Feb12 18.00 Call @ -1.24			($248.07)
1/20/2012	GE	Sell Stock	STC 2 @ 19.08			$3,815.00
1/25/2012	GE	Dividend Received	DIV 200 Dividend @ 0.17			$34.00
1/20/2012	GE		Net Cost/Profit-Loss		($3,600.00)	$308.39
DTE	242		Percent Profit-Loss/Annualized		8.57%	12.92%

FDX - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 19:48:00 +0000

The FedEx Corporation (FDX) Jan12 67.50 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$6,750.00
Net Profit	$182.97
Percent Return	2.71%
Annualized Return	12.37%
Days Held to Expiration	80 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
11/1/2011	FDX	CSP Margin Used	CSP 100 FDX @ 67.50		($6,750.00)
11/1/2011	FDX	Initial Put Option	STO 1 Jan12 67.50 Put @ 1.83	Expired		$182.97
1/20/2012	FDX	CSP Margin Returned	CSP 100 FDX @ -67.50			$6,750.00
1/20/2012	FDX		Net Cost/Profit-Loss		($6,750.00)	$182.97
DTE	80		Percent Profit-Loss/Annualized		2.71%	12.37%

FDX - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 19:45:00 +0000

The FedEx Corporation (FDX) Jan12 85.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$8,000.00
Net Profit	$1,281.27
Percent Return	16.02%
Annualized Return	24.16%
Days Held to Expiration	242 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	FDX	CSP Margin Used	CSP 100 FDX @ 80.00		($8,000.00)
5/23/2011	FDX	Initial Put Option	STO 1 Oct11 80.00 Put @ 2.55	Exercised		$255.34
10/21/2011	FDX	CSP Margin Returned	CSP 100 FDX @ -80.00		$8,000.00
10/21/2011	FDX	Stock Assigned	EX 1 Oct11 80.00 Put @ -80.00		($8,000.00)
10/27/2011	FDX	Continued Trade	STO 1 Nov11 85.00 Call @ 2.56	Expired		$255.97
11/30/2011	FDX	Continued Trade	STO 1 Jan12 85.00 Call @ 2.57	Exercised		$257.12
1/3/2012	FDX	Dividend Received	DIV 100 Dividend @ 0.13			$13.00
1/20/2012	FDX	Stock Called	EX 1 Jan12 85.00 Call @ 85.00			$8,499.84
1/20/2012	FDX		Net Cost/Profit-Loss		($8,000.00)	$1,281.27
DTE	242		Percent Profit-Loss/Annualized		16.02%	24.16%

DOV - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 19:40:00 +0000

The Dover Corp (DOV) Jan12 55.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$5,500.00
Net Profit	$520.32
Percent Return	9.46%
Annualized Return	14.27%
Days Held to Expiration	242 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
5/23/2011	DOV	CSP Margin Used	CSP 100 DOV @ 55.00		($5,500.00)
5/23/2011	DOV	Initial Put Option	STO 1 Sep11 55.00 Put @ 1.39	Exercised		$138.98
9/16/2011	DOV	CSP Margin Returned	CSP 100 DOV @ -55.00		$5,500.00
9/16/2011	DOV	Stock Assigned	EX 1 Sep11 55.00 Put @ -55.00		($5,500.00)
9/27/2011	DOV	Continued Trade	STO 1 Nov11 55.00 Call @ 1.27	Expired		$126.98
11/29/2011	DOV	Continued Trade	STO 1 Jan12 55.00 Call @ 2.23	Exercised		$222.97
12/15/2011	DOV	Dividend Received	DIV 100 Dividend @ 0.32			$31.50
1/20/2012	DOV	Stock Called	EX 1 Jan12 55.00 Call @ 55.00			$5,499.89
1/20/2012	DOV		Net Cost/Profit-Loss		($5,500.00)	$520.32
DTE	242		Percent Profit-Loss/Annualized		9.46%	14.27%

CSX - Closed

noreply@blogger.com (CCWriter) — Sun, 22 Jan 2012 19:35:00 +0000

The CSX Corporation (CSX) Jan12 21.67 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis	$2,167.00
Net Profit	$152.92
Percent Return	7.06%
Annualized Return	11.82%
Days Held to Expiration	218 days

Trade History

Date	Stock	Description	Transaction	Status	Stock Investment	Income Generated
6/16/2011	CSX	CSP Margin Used	CSP 100 CSX @ 21.67		($2,167.00)
6/16/2011	CSX	Initial Put Option	STO 1 Nov11 21.67 Put @ 0.74	Exercised		$73.98
11/18/2011	CSX	CSP Margin Returned	CSP 100 CSX @ -21.67		$2,167.00
11/18/2011	CSX	Stock Assigned	EX 1 Nov11 21.67 Put @ -21.67		($2,167.00)
11/29/2011	CSX	Continued Trade	STO 1 Jan12 21.67 Call @ 0.67	Exercised		$66.98
12/15/2011	CSX	Dividend Received	DIV 100 Dividend @ 0.12			$12.00
1/20/2012	CSX	Stock Called	EX 1 Jan12 21.67 Call @ 21.67			$2,166.96
1/20/2012	CSX		Net Cost/Profit-Loss		($2,167.00)	$152.92
DTE	218		Percent Profit-Loss/Annualized		7.06%	11.82%