Wednesday, July 2, 2008

New Transactions - APA, COST, AUY, TRA, RIMM, GE, VZ

All the following positions were established today either slightly or more deeply ITM. Therefore, the unexercised return is the same as the exercised return, within fractions of a % since the only difference is the commission on an assigned transaction. The net percentages given include all commissions. The current bear market and only2 weeks left in the CC period both influenced my decision to be conservative.
APA BTO 100 shares @ 143.55
STO 1 135Jul08 @ 10.20
Downside Protection 6.95%
Net if Exercised 1.01% - Monthly 1.89% - Annual 23.0%

COST BTO 200 shares @72.85
STO 2 72.5Jul08 @ 1.85
Downside Protection 2.41%
Net if Exercised 1.91% - Monthly 3.58% - Annual 43.57%

AUY BTO 500 shares @ 16.31
STO 5 15Jul08 @ 1.5
Downside Protection 9.0%
Net if Exercised 0.9% - Monthly 1.74% - Annual 20.53%

TRA BTO 200 shares @ 49.89
STO 2 45Jul08 @ 5.90
Downside Protection 11.62%
Net if Exercised 1.96% - Monthly 3.79% - Annual 44.71%

RIMM BTO 100 shares @ 123.29
STO 1 115Jul08 @10.00
Downside Protection 7.94%
Net if Exercised 1.25% - Monthly 2.42% - Annual 28.51%

GE BTO 500 shares @ 27.20
STO 5 27Jul08 @0.93
Downside Protection 3.27%
Net if Exercised 2.55% - Monthly 4.94% - Annual 58.17%

VZ BTO 300 shares @ 35.78
STO 3 35Jul08 @ 1.13
Downside Protection 2.96%
Net if Exercised 0.72% - Monthly 1.39% - Annual 16.42%

Well the market was up when I opened these transactions. However, I may wish I had moredownside protection after today.

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