Money and Finance
Today I decided to go on and buy back my $7 Jan 18 2014 Put option on Bank of America. I bought to close the option for $0.89 plus $7.98 in commission/fees. It cost me a total of $96.98 to close out the position. I originally sold the put back on February 2 for $1.73 and received a total of $164.32 in option premium. If I let the put go to expiration and it expired then I would have a received a 23.47% total return which is annualized to 11.99%. After closing out the put, I ended up with a total of $67.34 in option premium ($164.32 - $96.98) which is a 9.62% return ($67.34 / $700) over 218 days giving an annualized return of 16.12%
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- Recent Transaction
On Monday, February 25th I sold a put option on Microsoft. I chose the $27 strike price since it offered a compelling premium return combined with giving a execution price that is over a 14% discount to my fair value calculation. I sold the April...
- Recent Transaction
On Tuesday, I decided to sell another put option on Intel. This time it was a $26 September 22, 2012 Put Option for $0.48. After commission I netted a $40.01 option premium. Here's how the option can play out. (1) Option expires - I received $40.01...
- Recent Transaction
Yesterday I sold another put option on Intel. I sold the $25 17 Aug 2012 put for $0.46. Less commission I received a total of $38.01 in premium for a total return of 1.52% which is annualized to 21.75%. I figured that since I want to add to my Intel position...
- Intel Put Option
With Intel currently trading at $25.60 it looks like my put option that I sold on Intel is going to expire today. It's a good and bad thing because I wouldn't have minded getting Intel at the $25 strike less the premium. But I got a pretty good...
- Recent Transaction
Yesterday I bought back the $42 Hal 07202012 Call option that I sold in early February. When I originally sold the option I was hoping that it would just expire since I didn't want to have to deal with the extra taxes due to the shares being bought...
Money and Finance
Recent Transaction
Today I decided to go on and buy back my $7 Jan 18 2014 Put option on Bank of America. I bought to close the option for $0.89 plus $7.98 in commission/fees. It cost me a total of $96.98 to close out the position. I originally sold the put back on February 2 for $1.73 and received a total of $164.32 in option premium. If I let the put go to expiration and it expired then I would have a received a 23.47% total return which is annualized to 11.99%. After closing out the put, I ended up with a total of $67.34 in option premium ($164.32 - $96.98) which is a 9.62% return ($67.34 / $700) over 218 days giving an annualized return of 16.12%
Read more »
- Recent Transaction
On Monday, February 25th I sold a put option on Microsoft. I chose the $27 strike price since it offered a compelling premium return combined with giving a execution price that is over a 14% discount to my fair value calculation. I sold the April...
- Recent Transaction
On Tuesday, I decided to sell another put option on Intel. This time it was a $26 September 22, 2012 Put Option for $0.48. After commission I netted a $40.01 option premium. Here's how the option can play out. (1) Option expires - I received $40.01...
- Recent Transaction
Yesterday I sold another put option on Intel. I sold the $25 17 Aug 2012 put for $0.46. Less commission I received a total of $38.01 in premium for a total return of 1.52% which is annualized to 21.75%. I figured that since I want to add to my Intel position...
- Intel Put Option
With Intel currently trading at $25.60 it looks like my put option that I sold on Intel is going to expire today. It's a good and bad thing because I wouldn't have minded getting Intel at the $25 strike less the premium. But I got a pretty good...
- Recent Transaction
Yesterday I bought back the $42 Hal 07202012 Call option that I sold in early February. When I originally sold the option I was hoping that it would just expire since I didn't want to have to deal with the extra taxes due to the shares being bought...