| DETAILS OF THE STOCK PURCHASE |
| SHARES SOLD OR TAKEN |
| BOUGHT SHARES OUTRIGHT | 200 shares | $56.00 | $11,200.00 |
| BOUGHT SHARES OUTRIGHT | 300 shares | $40.65 | $12,195.00 |
| COST BASIS / PURCHASE OF SHARES > | $23,395.00 |
| SOLD SHARES EITHER OUTRIGHT OR TAKEN | $35.00 | $17,500.00 |
| | | | | | | -$5,895.00 |
| DETAILS OF ALL PREMIUM TRADES (+/-) |
| STANDARD COVERED CALL + BUY BACK | $510.00 |
| STANDARD COVERED CALL + BUY BACK | $606.00 |
| STANDARD COVERED CALL + BUY BACK | $220.00 |
| | | | | | | $1,336.00 |
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| FINAL FINAL DETAILS OF THE OVERALL TRADE (WHY I ENDED IT) |
Entering this position earlier this year, I was down on the shares from the beginning ... I purchased 200 shares then using more cash I bought another 300 ... bringing my cost basis down to $40.65 a share ... in a surprise result, the market maker took my shares even though the stock finished the trading day UNDER my strike price of $35 ... the stock traded above $35 in after market and the market maker took my shares leaving me with a loss on the entire position.
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| TOTAL PROFIT/LOSS (CASH) | -$4,559.00 |
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| TOTAL PROFIT/LOSS (PERCENTAGE) | -19.49% |
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| DAYS | 123 |
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| Trading stocks and options have risk. Required reading prior to placing money at risk with options is the ODD which is posted below. "The Characteristics & Risks of Standardized Options" Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options. |
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