Tuesday, July 24, 2012
As Expected: NOC and MAS Called Away
As expected, my positions in NOC and MAS were called away on Saturday after the July options expired in-the-money. I shared my analysis of those positions last week, but will repeat it below.
NOC – 200 Shares, basis $59.93, 60 Jul 2012 to be assigned
Option Premiums (total): $589.71
Dividends Collected: $210.00
Stock Loss: -$3.36
Absolute return 6.64%
Annualized return (150 days) 20.21%
MAS – 200 Shares, basis $12.24, $12 July 2012 to be assigned
Option Premiums: $130.49
Dividends Collected: $15.00
Stock Gain: -$65.00
Absolute return 3.29%
Annualized return (20 days) 60.03%
I have to admit that it is a pleasant change to have a couple of trades work out with the shares being called away. In this market, it has been a few months since that happened.
I’m working on reinvesting the proceeds from these new trades and will have a post about that before the end of the week. Catch you later!