Like many of my generational colleagues, the baby boomers, I've found that my best intentions about saving for retirement aren't always meeting the mark. In 2011, I took some old 401(k) accounts and combined them into a self-directed IRA with Scottrade, and established a strategy of using covered calls to stabilize and enhance my returns. Rescue My IRA chronicles the progress of my IRA rescue using this approach.
Monday, September 17, 2012
Called Early on VIAB
The month of September has been intensive on
the dividend front – I posted earlier about the eight positions that would go
ex-dividend, VIAB being one of them.
When that stock’s ex-dividend date hit last week, it was in the money,
and it was called. I held it for 60 days
or so and picked up an option premium and a stock gain, for an absolute return
So, no hat trick on VIAB, but here is the
record on this position, as usual, net of fees and commissions:
7/23/2012 Bought 100
shares at an average price of $45.79, total position basis $4.579.00
Sold on assignment 100
shares at $4,682.89, average share price $46.83
7/23/2012 STO 47 Sep
2012 total $101.74
No dividends collected
during the 50 days this position was held.
1) Stock gains: $103.89
3) Dividend Income: $0
Total Net Profit after
Absolute Return on Investment: $205.63/$4.579.00) = 4.49%
Annualized Return (50 days): 4.49%*(365/50) = 32.78%