Adjustments - ALL and CSCO

Here is a example of bad buyback and roll up or down actions. The position gain is now less than it would have been if left alone. These adjustments occurred over the last week.

ALL BTO 300 shares @26.01 ($7,812.38)
STO 3 22.5 Feb 09 @ 5.10 Income $1,517.04
STO 2 20 Feb 09 Puts @1.00 Income 187.04
BTC 2 20 Feb 09 Puts @0.29 ($70.95)
BTC 3 22.5 Feb 09 @ @2.80 ($852.95)
STO 3 25 Feb 09 @1.15 Income $332.0
BTC 3 25 Feb 09 @ 0.43 ($141.95)
STO 3 2.5 Feb 09 @ 1.15 Income $332.04)
If Exercised 2.94%, Monthly 3.15%, Annual 38.37%


I BTC the 17 Feb a week ago anticipating a positive action on CSCO. I STO the 17 Feb today for a slight gain in premium total for the month. It appears CSCO will not gain as hoped for the month.

CSCO BTO 500 shares Total Cost ($12,454.45) Original Cost not MTM adjusted
Income to Date $1,047.80
Holding Period 121 Days
Income 8.41% to date, Monthly 2.10%, Annual 25.2%
STO 5 17.5 Jan 09 @0.33 Income 152.04
BTC 5 17.5 Jan 09 @0.30 ($132.95)
STO 5 19 Feb 09 @ 0.35 Income $162.04
BTC 5 19 Feb 09 @0.06 ($42.95)
STO 5 17 Feb 09 @ 0.30 Income 137.04
BTC 5 17 Feb 09 @0.16 ($92.95)
STO 5 17 Feb 09 @ 0.22 Income $97.04
If Exercised -19.76% Net, Monthly –3.26%, Annual –39.63% NOTE: Must watch for roll out/up