Sunday, March 18, 2012
March Expirations: DIS and TGT Called Away
As expected, my TGT and DIS shares were called away at expiration last week. These were some quick turnaround trades I had made last month after so many of my positions were called away in February – I also made a lot of April contracts back then, so March is turning out to be a slow month where I may not hit my goal of 1% return on the Rescue My IRA account.
With just more than half the month gone, I am at half the monthly goal, but I only have the proceeds from these trades to work with. April should be a better month with several contracts coming up.
I’m looking at adding one lot of WAG and three lots of MSFT next week as the new positions. In the meantime, here are my results from March options expiration.
DIS – 200 Shares, basis $41.64, 42 MAR 2012 assigned
Option Premiums: $122.49
Dividends Collected: $0.00
Stock Gain: $55.00
Absolute return 2.13%
Annualized return (30 days) 25.93%
TGT – 100 Shares, basis $50.50, $52.50 Mar 2012 assigned
Option Premiums: $56.74
Dividends Collected: $30.00
Stock Gain: $183.03
Absolute return 5.34%
Annualized return (30 days) 65.00%
Hey, there’s a hat trick!