Friday, August 22, 2014

Couple Of Quick Tables

August continues to be a stellar month for my portfolios. I am now up 14.6% on the year. Just 3 weeks ago I was up just 5%.

Here is a table showing results by stock since August 1st:

Index Stock 8/1/2014 Current        Monthly        Change
1 GTAT         13.95         17.66 26.6%
2 GNW         13.07         14.01 7.2%
3 BBEP         21.01         22.19 5.6%
4 AOD           8.63            8.86 2.7%
5 KLIC         13.85         14.53 4.9%
6 TLM         10.37         10.49 1.2%
7 RIOM           2.30            2.73 18.7%
8 ATVI         22.44         23.16 3.2%
9 GPS         40.03         43.18 7.9%
10 NTC         12.42         12.54 1.0%
11 CSQ         11.51         12.08 5.0%
12 BAC-WTA           6.38            7.21 13.0%
13 FSC           9.65            9.71 0.6%
14 TPVG         15.41         15.68 1.8%
15 TGONF         10.50         11.05 5.2%
16 TNH      148.20       152.00 2.6%
17 CSCO         25.00         24.89 -0.4%
18 NADL           9.91         10.31 4.0%
19 RPXC         15.50         15.17 -2.1%
20 AVG         17.05         17.95 5.3%
21 AGX         34.80         38.30 10.1%
22 SNDK         92.76         97.65 5.3%
23 TSL         10.76         13.00 20.8%
24 SYNA         78.11         80.32 2.8%
25 KLAC         71.63         75.14 4.9%
26 WNR         40.30         47.05 16.7%
27 TIME         24.03         23.92 -0.5%
28 HIG-WT         25.46         27.77 9.1%
29 CBI         58.32         63.87 9.5%
30 TCMCF         13.89         14.00 0.8%
31 ITRN         21.32         21.64 1.5%
32 BRCD           9.34            9.41 0.7%
33 NSR         27.55         28.71 4.2%
34 CA         28.47         28.19 -1.0%
35 O         42.98         45.40 5.6%
36 RCII         23.86         25.75 7.9%
37 OIBAX           6.12            6.13 0.2%
38 EDV      106.89       110.14 3.0%
39 Overall 9.4%


Obviously 9.4% for the month is stellar and you can see some very strong individual performances.  

Always Nice To Start Fast

Here is my August 15th 2014 tranche after a week:

8/15/2014 Start Current Dividend Pct Gain R3K Gain
CSCO $24.40 $24.89 $0.00 2.0% 1.9%
AGX $36.71 $38.30 $0.00 4.3% 1.9%
ITRN $21.32 $21.64 $0.00 1.5% 1.9%
BRCD $9.34 $9.41 $0.00 0.8% 1.9%
CBI $58.25 $63.87 $0.00 9.7% 1.9%
Totals 3.7% 1.9%
I wish it were so easy. Need to keep in mind 51 weeks to go.

Options Results

Here is a new table I have created to track options as it is a new area I have dabbled in a little bit.  I thought about including the warrants I have on HIG and BAC as those are truly options.  But as they have been in my discretionary portfolio and are outsized compared to what I see as my more normal option transactions, I have withheld them.

Please note this table includes my multiplier.

Open Date Ticker Type Shares  Open Price   Close/Current Price   Strike  Expiration  Gain 
3/28/14 GTAT sell calls      3,000               2.40            0.55         22.00 9/20/14          5,550
6/18/14 TSL sell calls      4,000               1.45                 -           13.00 9/20/14          5,800
8/21/14 GNW buy calls    10,000               1.24            1.24         17.00 1/15/16                 -  
Total                   11,350
So the GTAT calls I sold have been closed. I sold them at $2.40 and bought back at 0.55. In hindisght, that may not have been necessary.  The TSL calls I sold are still open. It is above the $13 strike price, soit is a risk I lose those shares.  Still, hard to be upset with $5,800 gain on the sale plus a smaller gain on actual stock appreciation.

I have really mixed feelings about selling calls.  It does provide "income", so that is nice. But here are the negatives:

  1. That income is "ordinary" income, so on a marginal basis about 45% goes to tax authorities versus 1/2 of that if they were LT capital gains or dividends.
  2. I lose the upside - so if GTAT or TSL spike up, I do not benefit. However I retain the downside, though cushioned by call income.
  3. I am locked in the shares. So if I wanted to sell TSL early, I would have to buy back the calls first.

Still, it is another tool in the toolkit.  I suspect I will be more likely to buy calls than sell calls.  We will see.



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