Adjustments - ALL, COST, AA, GE, DD, WMT, CAT

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) Buyback / roll out and up
BTC 3 22.5 Feb 09 @ @2.80 ($852.95) Buyback roll out and up
STO 3 25 Feb 09 @1.15 Income $332.0
BTC 3 25 Feb 09 @ 0.43 ($141.95) Buyback / roll out and down
STO 3 22.5 Feb 09 @ 1.15 Income $332.04 Expired
BTO 200 shares @19.83 ($3,975.57) Bought to increase position and dollar average down
STO 2 20 Feb 09 @0.35 Income $57.04 Expired
STO 5 22.5 Mar 09 @0.25 Income $112.04
If Exercised 7.83%, Monthly 4.20%, Annual 51.06%

COST BTO 200 shares Total Cost ($14,579.94) Original Cost not MTM adjusted
Income to Date $1,608.74
Holding Period 167 Days
Income 11.03% to date, Monthly 1.98%, Annual 23.77%
STO 2 57.5 Jan 09 @0.9 Income $167.04
BTC 2 57.5 Jan 09 @ 0.4 ($92.95) Buyback / roll down
STO 2 55 Jan 09 @ 0.80 Income $147.04 Expired
STO 2 52.5 Feb 09 @ 0.4 Income $67.04 Expired
STO 2 45 Mar09 @ 0.80 Income $147.04
If Exercised -24.10% Net, Monthly -2.8%, Annual -34.10% Note: Watch for buy back and roll out

AA BTO 300 shares @10.98 ($3303.38)
Income to Date $118.22
Holding Period 43
Income 3.58%, Monthly 2.69%, Annual 32.22%
STO 3 12.5 Jan 09 @0.21 Income $50.04 Expired
STO 5 10 Jan 09 @0.24 Income $107.04 PUT
BTC 5 10 Jan 09 @0.80 ($412.95)
STO 3 10 Feb 09 @0.27 Income $68.04 Expired
STO 3 7.5 Apr 09 @0.45 Income $122.04
If Exercised -29.06%, Monthly -5.41%, Annual -65.88% NOTE: Must watch for roll out/up

GE (2 Different Positions Combined)
BTO 600 shares Total Cost ($16,455.88) Original Cost not MTM adjusted
Income to Date $1,884.90
Average Holding of Combined Positions 99 days
Income 11.45% to date, Monthly 3.47%, Annual 41.64%
STO 6 17.5 Jan 09 @ 0.33 Income $185.04 Expired
STO 6 15 Feb 09 @0.20 Income $107.04
Dividend Received Income $186.00
BTC 6 15 Feb 09 @ 0.05 ($42.95) Buyback / roll out and down
STO 6 13 Feb 09 @ 0.19 Income $101.04 Expired
STO 6 11 Mar09 @ 0.25 Income $137.04
If Exercised Net –42.56% , Monthly –6.72%, Annual --81.76% NOTE: Must watch for roll out/up

DD BTO 200 shares Total Cost ($6929.93) Original Cost not MTM adjusted
Income to Date $622.44
Holding Peiod 59 days
Income 9.56% to date, Monthly 19.0%, Annual 228.00%
STO 2 25 Jan 09 @1.35 Income $257.04
BTC 2 25 Jan 09 @ 1.40 ($292.95) Buyback / roll out and up
STO 2 30 Feb 09 @ 0.25 Income 37.04 Expired
STO 2 22.5 Apr09 @0.40 Income $67.04
If Exercised -23.96% Net, Monthly -4.06%, Annual –49.40% NOTE: Must watch for roll out/up

WMT BTO 200 shares Total Cost ($11,569.95) Original Cost not MTM adjusted
Income to Date $882.89
Holding Period 132
Income 7.63% to date, Monthly 1.73%, Annual 20.81%
STO 2 57.5 Jan 09 @1.48 Income $285.04 Expired
STO 2 57.5 Feb 09 @ 0.25 Income $37.04
BTC 2 57.5 Feb 09 @ 0.04 ($12.95) Buyback/roll down
STO 2 52.5 Feb 09 @ 0.49 Income $85.04 Expired
STO 2 52.5 Mar 09 @ 0.40 Income $67.04
If Exercised 2.69% Net, Monthly 0.36%, Annual 4.41%

CAT BTO 200 shares @41.37 ($8283.57)
STO 2 42.5 Jan 09 @2.00 Income $387.04 Expired
STO 2 42 Feb 09 @ 1.59 Income $305.04
BTC 2 42 Feb 09 @ 0.49 ($110.95) Buyback/roll down
STO 2 40 Feb 09 @ 1.00 Income $187.04
BTC 2 40 Feb 09 @ 0.21 ($54.95) Buyback/roll/down
STO 2 38 Feb 09 @ 0.55 Income $97.04 Expired
Dividend 2/20/09 @0.42 Income $84.00
STO 2 30 Apr 09 @ 0.65 Income $117.04
If Exercised 14.44% Net, Monthly -3.77%, Annual -45.82% NOTE: Must watch for roll out/up

New Positions - CAT, VZ, YHOO, CX

CAT BTO 300 share @26.93 ($8,088.38)
STO 3 28 Mar 09 @1.21 Income $350.04
If Exercised 8.06% Net , Monthly 8.95%, Annual 108.92%

VZ BTO 500 Shares @ 28.71 ($14,363.35)
STO 5 30 Mar 09 @0.73 Income $352.04
If Exercised 6.81% Net, Monthly 7.57%, Annual 92.12%

YHOO BTO 1000 Shares @ 12.10 ($12,104.95)
STO 10 12 Mar 09 @ 0.97 Income $957.04
If Exercised 6.96% Net, Monthly 7.73%, Annual 94.05%

CX Cash Secured Puts 1000 Shares @ 5 (Tied up Capital $5000)
STO 10 5 Mar 09 @0.45
If Exercised or Not Exercised 8.54% Net, Monthly 9.49%, Annual 115.47%

Preparations of Next Week

I am starting to determine what adjustments to make to holdings that were not exercised: AA, ALL, AUY, BA, CAT, COST, CSCO, DD, DIG, GE, JPM, MSFT, UYG, WMT

I am also evaluating what to do with funds obtained from exercised positions. I am considering selling some ITM calls on positions that I could increase position if exercised (AA & AUY). I am also considering selling ITM puts on Cemex (CX). New positions of Verizon (VZ and YHOO) are also being considered.

Assigned/Exercised Positions - UNH, TRA, GE, AUY, YAHOO

UNH BTO 400 Shares @26.29 ($10,525.94)
STO 4 27 Jan 09 @1.20 Income $467.04 Exercised/Assigned
If Exercised 6.95% Net, Monthly 9.06%, Annual 110.23%

TRA BTO 500 shares @18.65 ($9,333.05)
STO 5 17.5 TRA @ 2.45 Income $1,212.04 Exercised/Assigned
If Exercised 6.63%, Monthly 7.11%, Annual 86.46%

GE BTO 400 shares 11.95 ($4789.91)
STO 4 10 Feb 09 @2.39 Income $943.04 Exercised/Assigned
If Exercised 2.99%, Monthly 3.32%, Annual 40.41%

AUY BTO 500 shares @7.77 ($3,894.00)
STO 5 8 Feb 09 @ 0.55 Income $262.04 Exercised/Assigned
If Exercised 9.20%, Monthly 10.22%, Annual 124.32%

YHOO BTO 1000 shares @ 12.76 ($12,774.45)
STO 10 12.5 Jan 09 @1.51 Income $1,497.04 Expired
STO 10 11 Feb 09 @1.6 Income $1,587.04 Exercised/Assigned
If Exercised 10.17% Net, Monthly 5.26%, Annual 64.03%

Adjustments - AUY

The run up in gold prices in the past couple of days has required adjustments of my AUY positions.

AUY (3 Different Positions Combined)
BTO 1500 shares Total Cost ($19,839.40) Original Cost not MTM adjusted
Income to Date $3,268.41
Average Holding of combined positions 169 days
Income 16.4% to date, Monthly 2.92 %, Annual 35.11%
15 10 Jan 09 calls were open at end of period and income is included above
STO 15 9 Feb 09 @0.16 Income $221.24
BTC 10 9 Feb 09 @ 0.50 ($512.95)
STO 10 10 Feb 09 @0.10 Income $87.04
BTC 10 10 Feb09 @ 0.10 ($112.95)
STO 10 10 Mar 09 @0.50 Income $487.04
BTC 5 9 Feb 09 @0.60 ($312.95)
STO 5 9 Mar 09 @1.00 Income $487.04
If Exercised Net –8.72%, Monthly -1.22%, Annual -14.87% NOTE: Watch for buy back and roll out

Adustment - MSFT - Roll Out - Revised

I just got home from a trip and am checking positions. Needed to get this one rolled out.

MSFT BTO 400 shares Total Cost ($11,197.55) Original Cost not MTM adjusted
Income to Date $1,079.83
Holding Period 121 Days
Income 9.64% to date, Monthly 2.41%, Annual 28.92%
STO 4 21 Jan 09 @0.27 Income $95.04
BTC 4 21 Jan 09 @ 0.20 ($92.95)
STO 4 23 Feb 09 @0.25 Income $87.04
BTC 4 23 Feb 09 @0.02 ($12.95)
STO 4 19 Feb 09 @ 0.21 Income $73.04
BTC 4 19 Feb 09 @ 1.00 ($412.95) Roll Out
STO 4 19 Mar 09 @1.35 Income $527.04
BTC 4 19 Mar 09 @1.07 ($440.95)
STO 4 20 Feb 09 @ 0.19 Income $63.04
If Exercised -20.02% Net, Monthly -3.30%, Annual -40.16% NOTE: Must watch for roll out/up

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