November Recap

DOW up 632.11
S&P 500 up 59.44
Portfolio up $1,8722.77

3 High Days

11/9 $1,067.34
11/5 $872.81
11/16 $856.36

3 Low Days

11/27 $955.08
11/19 $898.20
11/12 $495.17

20 trading days for November with 2 trades this month. I collected $27.20 in dividends this month which were all reinvested and paid $12.80 in margin interest of an average balance of $1,861. Again, this month was my lowest margin balance since August. I have not been opening up new long positions but selling short covered calls and collecting premium.

The portfolio is up $10,805.35 this year after losing money last month. I have had 4 losing months this year and 7 winning months. My best quarter to date has been the 3rd quarter when the portfolio gained $7,322.22 over the three month period. The 2 months so far in this 4th quarter has seen the portfolio slow down and grow only $260.38.

Annualized gain for the portfolio is now $11,787.65 with one month left to go.

My two picks for November were AA and DUK. AA was up $.10 with a dividend of $.03. Up less than 1% while the broader market gained 5.7%. DUK was up $.86 or 5.4%. Both suggestions lagged the market.

My suggestions for December are BAC and F which closed in November at $15.85 and $8.89, respectively. Buy these and sell the strike price covered calls at $16 for BAC and $9 for F. You will get $.47 for BAC and $.28 for F.

If both of these get called away the annualized yields are (before commissions)

BAC (16-(15.85-.47) = (.62/15.85)/26 * 365 *100= 54.91%
F (9-(8.89-.28)=(.39/8.89)/26 * 365 * 100= 61.59%