I was keeping a journal of my trades and some of my thoughts this month. Below is my log:
October 6 – Sell short 3 AA Oct 09 $15 calls (aajc) for $.35 $92.74 after commissions.
October 8 – Sell short 2 MS Oct 09 $33 calls (MSJA) for $.35 $58.49 after commissions.
I’m selling volatility here and capping my upside potential because I don’t think I will be called away on these two trades. Even if I am, I’m still increasing my yield and collecting what is essentially $.30 in dividends for both AA and MS when they are yielding $.03 and $.05 in quarterly dividends, respectively.
October 16 – My 2 contracts for AA Oct 09 $12.50 calls (AAJA) were called away. I sold this call for $.90 back on July 31. I bought the 200 shares of AA for $10.42 on July 1st. After commissions I made a profit of $554.44 or 26.48% on this trade. Not included is $6 in dividends which would bring the total to $600.44 or 26.76%.
October 17 – My contracts that I sold short on the 6th and 8th of October expired worthless for a profit of 92.74 and $58.49.
October 21 – Sell Short 3 MS Nov 09 $37 calls (MSKL) for $.25 $38.49 after commissions.
October 26 – Dividends hitting the account from GE and PNC of $31.45 and $.31, which were both, reinvested buying 2.0410 shares of GE and .0060 shares of PNC.
October 27 – Interest from margin was 28.87, which was taken from my account. I had an averaged debit balance of $4335 for the last month.
Sell short 3 AA Nov $14 calls (AAKN) for $.20 $47.74 after commissions.
October 28 – Sell short 30 ETFC Nov 09 puts (EUSWY) for $.10 $267.38 after commissions.
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