I took advantage of
the down days last week to complete a couple of roll-outs on KO and PFE. Rather than a longer post today, I’ll simply
put up the analysis of the positions, net of fees and commissions, and assuming
I collect dividends between now and the respective expirations.
KO
400 share position
established in two lots; total basis $12,160.00 and average price of $40.36. Selling $40 strikes and rolling them on a
monthly basis, rolled out to April with this trade.
Total covered call
premiums: $713.41
Total dividend
payments (including the forecast February ex-dividend): $336.00
Total stock gain at $40.00: -$160.07
Total, absolute gain
on the position: $889.34
Total, absolute return
percentage ($889.34/$12,160.00): 7.31%
Annualized total
return percentage (held approx 210 days):
12.71%
PFE
300 share position,
basis $9,256.00, average price per share is $30.85.
Selling $31.00
strikes, mostly working with weeklies to date, rolled out to April with this
trade.
Total covered call
premiums: $233.73
Total dividend
payments (February ex-date): $78.00
Total stock gain at $31.00: $26.89
Total, absolute gain
on the position: $338.62
Total, absolute return
percentage ($338.62/$9,256.00): 3.66%
Annualized total
return percentage (held 90 days): 14.84%
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