Money and Finance
This morning I performed a buy-write of 200 shares/2 call options for Bank of America (BAC) expiring on October 20, 2012. The reason I went the buy-write route is that you can save on commission by executing them together rather than separate. Let's get into the trade. I purchased 200 shares of BAC for $8.10 per share with a commission of $7.95. I also sold 2 $8 strike call option contracts for $0.50 each with $1.57 in commission. It cost me $1,627.95 to purchase the 200 shares and I received $98.43 in the premium from selling the 2 call options. That means the total trade cost $1,529.52 for a per share cost basis of $7.65.
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- Option Expirations
Well the third Friday of April finally rolled around so it was option expiration day and I had two open put options expiring. With both Intel and Bank of America closing above their respective strike prices on the puts I sold, I got to keep the full...
- Recent Transaction
Yesterday I sold another call option on some of my shares of HAL, my ESPP shares. I'm currently way overweight my employer's stock. I have just over 184 shares from the first purchase that went through that has already reached LTCG treatment...
- Recent Buy
This morning I purchased another 40 shares of Harris Corp (HRS). I purchased these shares for $46.24 each plus commission. My cost basis ended up being $46.44 which now brings my total cost basis in Harris to $46.84. I was able to purchase the shares...
- Recent Transaction
This is going in the Recent Buy section even though I didn't buy anything. I sold a put contract for Intel today expiring July 20, 2012. The strike price is for $25 and I sold it for $0.53 per share or $53. By selling this put contract I was able...
- Recent Transactions
Today I sold 2 option contracts in an attempt to add some more income. The first contract that I sold was the BAC Jan 18 2014 $7 Put for $1.73. If the option gets exercised then my cost basis for this transaction will be $5.27. If the option expires then...
Money and Finance
Recent Buy
This morning I performed a buy-write of 200 shares/2 call options for Bank of America (BAC) expiring on October 20, 2012. The reason I went the buy-write route is that you can save on commission by executing them together rather than separate. Let's get into the trade. I purchased 200 shares of BAC for $8.10 per share with a commission of $7.95. I also sold 2 $8 strike call option contracts for $0.50 each with $1.57 in commission. It cost me $1,627.95 to purchase the 200 shares and I received $98.43 in the premium from selling the 2 call options. That means the total trade cost $1,529.52 for a per share cost basis of $7.65.
Read more »
- Option Expirations
Well the third Friday of April finally rolled around so it was option expiration day and I had two open put options expiring. With both Intel and Bank of America closing above their respective strike prices on the puts I sold, I got to keep the full...
- Recent Transaction
Yesterday I sold another call option on some of my shares of HAL, my ESPP shares. I'm currently way overweight my employer's stock. I have just over 184 shares from the first purchase that went through that has already reached LTCG treatment...
- Recent Buy
This morning I purchased another 40 shares of Harris Corp (HRS). I purchased these shares for $46.24 each plus commission. My cost basis ended up being $46.44 which now brings my total cost basis in Harris to $46.84. I was able to purchase the shares...
- Recent Transaction
This is going in the Recent Buy section even though I didn't buy anything. I sold a put contract for Intel today expiring July 20, 2012. The strike price is for $25 and I sold it for $0.53 per share or $53. By selling this put contract I was able...
- Recent Transactions
Today I sold 2 option contracts in an attempt to add some more income. The first contract that I sold was the BAC Jan 18 2014 $7 Put for $1.73. If the option gets exercised then my cost basis for this transaction will be $5.27. If the option expires then...