My IP position was
called away at options expiration last Friday.
I established this position last month, after looking ahead for stocks
that would go ex-dividend during the week of monthly options expirations and calculating
for an early assignment. That didn’t
happen, and as a result, I scored a hat trick with this latest IP
position.
As it turns out, this
is the third time I’ve taken a position in IP, and all three times I scored the
hat trick, with option premiums, dividends, and stock gains. The previous times were in November 2011,
when I first opened the Rescue My IRA account, and again at the beginning of
2012.
So I like this stock –
I think I first learned about it from one of the traders on the Yahoo Covered
Calls board.
Here’s the history of
this most recent position:
IP
– 300 Shares, average basis $32.02, 33 Aug
2012 assigned
Option Premiums (total): $140.23
Dividends Collected (ex-dividend 8/13/2012: $78.75
Stock Gain: $275.89
Total: $494.87
Absolute return 5.15%
Annualized return (30 days) 62.67%
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