Here is a table showing results by stock since August 1st:
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:
|Start||Current||Dividend||Pct Gain||R3K Gain|
I wish it were so easy. Need to keep in mind 51 weeks to go.
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|
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:
- 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.
- 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.
- 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.