|
Ok,
Believe it or not, I was able to get the most of the spreadsheet info posted.
Perhaps now you can see how I monitor each one of my stocks, tranactions, and
what if possibilities. Now, I have the $1,947.43 in my account which I'm able
to use to generate more profits with calls on the side of VVUS or any other
opportunity. If the stock starts to take off I can hedge my position by buying
my own calls perhap for an August or September call at or below the strike price
of my CC. I don't like to cover unless there is a dip and I can keep 75% to 80%
of my CC premies intact.
And finally, the end result or rate of return is guess work at this point since it
can go up if I trade the options on the side. Or, VVUS may stall and I don't get
called out. But, it sure beats sitting around and hoping for a profit!
One final note! This position is 50% margined. So, the rate of return is double the
value it reads. What you invest vs. what you get back is the way to calculate your %.
So, since half of it is not my money the profits are much higher. The margin interest
is so small I don't even waste my time trying to count pennies.
TUESDAY July 15, 1997
DATE TECH DATA ACTION / PLAY $ INVESTED # SHARES/OPT. AVG. PRICE
6/17/97 VVQ BUY 22.5 JUL CALLS $2,362.50 6 $196.88
6/26/97 VVQ BUY 20 JUL CALLS $1,290.00 4 $161.25
7/8/97 VVUS EXER. 22.5 CALLS $18,032.00 800 $22.54
7/10/97 VVUS EXER. 20 CALLS $4,008.00 200 $20.04
7/14/97 VVQ SOLD SEPT 35 CALLS ($1,947.43)
TODAY'S PRICE STOCK VALUE NET $ COST AVG. # SHARES AVG. PRICE
$30 $30,000.00 $23,745.07 1000.00 $23.75
YOUR PROFIT = $6,254.93 26.34% rate $6.25
IF CALLED OUT @ CALLED OUT NET PROFIT
$35.00 x 10 $35,000.00
$23,745.07
----------------------
$11,254.93 47.40% rate $11.25/SHARE
|
