S&P down 20.89
Portfolio down $1,612.39
3 High Days
10/29 $1,418.08
10/22 $864.24
10/5 $782.36
3 Low Days
10/28 $1,550.63
10/30 $1,224.76
10/1 $1,166.00
22 trading days in the month of October with 7 trades this month. I collected $65.96 in dividend income which were all reinvested and paid $28.87 in margin interest with an average margin balance of $4,335. I had 2 covered call plays expire worthless and one get assigned on 200 shares of AA. I put the gain in my previous write up.
I ended the month with -$1,89.41 of margin which was helped by getting assigned on my AA covered call. Its the lowest I've been since August 3rd.
The portfolio took a backward step this month, the first time since June. I am up $8,932.58 for the year which annualized to $10,719.10.
My thoughts for November is the same as October. Go hide out in some good companies with stocks that pay dividends. Here were my two picks last month. AA was down 6.25% or $.82. DUK was up 1.39% or $.22. AA was killed on the dollar play but its not going anywhere crazy anytime soon. Buy either one of these stocks or both just like last month and sell some covered calls.
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