I added 100
shares to my 400 share CSCO position and then rolled-up and out the covered
call I had established.
Under the
current contract, I’ve set up a triple play that rolls out over a six month
long investment. We’ll see how it works
out.
Here’s a
summary:
CSCO
Added 100
shares and rolled out and up the 19 Feb to 20 Apr
Total Option Premiums: $308.63
Total Dividends: $126.00
Total Stock Gain (if assigned at $20): $450.71
Total Absolute Gain on Position: 11.66%
Absolute Return on Position: 23.64%
So, the position currently has met my annual
return goal for Rescue My IRA investments, assuming the contract is assigned in
April, even though I will have held the stock for only six months.
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