Thursday, September 20, 2012

I was assigned again as the stock went up again.
Tried something new this time.  Bought 500 shares of AGNC as it went ex-dividend on Wed and sold 5 calls against them.  I did this on Monday.  However, on Tuesday morning I was assigned already so I had my shares sold from me and I don't get the dividend.  And i didn't even know until Wednesday morning.

So instead I bought 500 shares of FSLR @ 23.80 and sold the $24 calls at $0.56.  Initial credit is $266.30. If I get assigned again, it would be an extra $100 (minus the assignment fee of $20).

Thursday, September 13, 2012

Well I was assigned again this week.
Tuesday I bought 500 FSLR @ 21.95 for an investment of $10984.99.
Then I sold the $22 calls for $.70 for a credit of $336.30.

Wednesday, September 5, 2012

Well my shares of FSLR got smoked last week.  Down 6% on Wed, down another 18% on Thurs, and then after a slight up day on Friday, went right back down another 7% on Tuesday.  I ended up selling them at $18.50 as they reached my threshold of pain.

I switched back to GMCR and bought 400 shares at $23.85, for an investment of $9550.
Then I sold the $24 calls for $0.45.
I'll make $166.30 if not assigned and add another $40 if assigned.

The late assignment last Monday really hurt.