Saturday, August 18, 2012

Option Summary

Since I made the buy-write of the 200 shares of BAC yesterday, I figured it was time to give an update to all of my option moves thus far.

Open Option Positions:

Open Option Positions
Date Sold Option Type Underlying Expiration Date Price Number of Contracts Premium Received Less Comm.
2/2/2012 Put BAC Jan 17 2014 $1.73 1 $164.32
8/17/2012 Call BAC Oct 20 2012 $0.50 2 $98.43


If both of my open options expire without execution then I will receive the full option premium from both for profit. That is a total of $262.75.

Closed/Expired Option Positions:
Closed/Expired Option Positions
Date Sold Option Type Underlying Expiration Date Price Number of Contracts Premium Received Less Comm.
2/2/2012 Call HAL Jul 20 2012 $1.60 1 $68.00*
6/11/2012 Put INTC Jul 20 2012 $0.53 1 $45.01
7/20/2012 Put INTC Aug 17 2012 $0.46 1 $38.01
*Bought to close the HAL call option on 3/5/2012 for $0.76.

My closed/expired options have returned a total of $151.02.

I have the potential to receive a total of $413.77 this year in option premiums.  That's not anything to live on but it's not an insignificant amount either.

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