Hi,I have attached some examples from my account on a particularly bad day so you can see how I how much damage was done in the profit and loss report from Schwab. I have other examples in other accounts too.It is a bit hard to read the format and some like Coke made money last month and lost this month but overall are profitable over time.Tony
Symbol Name
( Full | Short ) Quantity Price Market Value Day Change**
( $ | % )
Cost Basis Gain/Loss
( $ | % )
Ratings Next Steps
KO 01/22/2011 50.00 C
CALL COCA COLA CO$50 EXP 01/22/11
10
$5.45
$5,450.00
$100.00
$6,264.95
-$814.95
--- Trade
KO 05/22/2010 52.50 C
CALL COCA COLA CO$52.50 EXP 05/22/10
-10
$1.15
-$1,150.00
$150.00
-$1,293.97
+$143.97
--- Trade
COST 01/22/2011 55.00 C
CALL COSTCO WHSL CORP$55 EXP 01/22/11
10
$6.35
$6,350.00
$250.00
$6,604.95
-$254.95
--- Trade
COST 06/19/2010 57.50 C
CALL COSTCO WHSL CORP$57.50 EXP 06/19/10
-10
$1.90
-$1,900.00
$110.00
-$2,163.96
+$263.96
--- Trade
FPL 01/22/2011 45.00 C
CALL F P L GROUP INC $45 EXP 01/22/11
10
$8.60
$8,600.00
$100.00
$6,464.95
+$2,135.05
--- Trade
FPL 05/22/2010 50.00 C
CALL F P L GROUP INC $50 EXP 05/22/10
-10
$3.16
-$3,160.00
$0.00
-$1,353.97
-$1,806.03
--- Trade
FSYS 10/16/2010 25.00 C
CALL FUEL SYSTEMS SOL$25 EXP 10/16/10
10
$7.30
$7,300.00
$0.00
$7,594.95
-$294.95
--- Trade
FSYS 05/22/2010 30.00 C
CALL FUEL SYSTEMS SOL$30 EXP 05/22/10
-10
$0.85
-$850.00
$850.00
-$2,873.95
+$2,023.95
--- Trade
JNJ 01/22/2011 60.00 C
CALL JOHNSON & JOHNSON$60 EXP 01/22/11
10
$5.85
$5,850.00
$400.00
$6,144.95
-$294.95
--- Trade
JNJ 05/22/2010 65.00 C
CALL JOHNSON & JOHNSON$65 EXP 05/22/10
-10
$0.26
-$260.00
$190.00
-$1,043.98
+$783.98
--- Trade
PEP 01/22/2011 60.00 C
CALL PEPSICO INC$60 EXP 01/22/11
10
$7.90
$7,900.00
$200.00
$6,644.95
+$1,255.05
--- Trade
PEP 05/22/2010 65.00 C
CALL PEPSICO INC$65 EXP 05/22/10
-10
$1.37
-$1,370.00
$360.00
-$2,273.96
+$903.96
--- Trade
PG 10/16/2010 57.50 C
CALL PROCTER & GAMBLE $57.50 EXP 10/16/10
10
$6.45
$6,450.00
$0.00
$6,414.95
+$35.05
--- Trade
PG 05/22/2010 62.50 C
CALL PROCTER & GAMBLE $62.50 EXP 05/22/10
-10
$0.68
-$680.00
$110.00
-$813.98
+$133.98
--- Trade
EUO 08/21/2010 22.50 C
CALL PRSHS ULTSHT EURO $22.50 EXP 08/21/10
10
$2.80
$2,800.00
$400.00
$2,414.95
+$385.05
--- Trade
XLE 01/22/2011 50.00 C
CALL SECTOR SPDR ENGY$50 EXP 01/22/11
10
$8.90
$8,900.00
$1,150.00
$10,244.95
-$1,344.95
--- Trade
XLE 05/22/2010 57.00 C
CALL SECTOR SPDR ENGY$57 EXP 05/22/10
-10
$0.54
-$540.00
$690.00
-$1,513.97
+$973.97
---
--- In ConservativeOptionStrategies@yahoogroups.com, "Louis" <loupi3@...> wrote:
>
> Anthony,
> I've been using CC's and CSP's, but my portfolio is based around stocks. As I'm learning more about options, I'm in the early stages of switchin to options as the basis of my portfolio, or at least a significant part of it.
> Could you give some specific examples of how your method worked for you?
> Thanks,
> Lou
>
> --- In ConservativeOptionStrategies@yahoogroups.com, Anthony Hills <brem1h@> wrote:
> >
> >
> > I use Jan 2011 calls in the money around the next strike down as coverage for my front month sold calls.When the market dips the premium content of my long calls tends to expand therefore cushioning the fall and placing an absolute limit on loss in case of a major move down.This market is too scary not to use options as coverage since one cannot even access ones account at Schwab when there is a crash,the servers overloaded there the other day with the 1000 point crash.Only problem is the spreads on some lesser traded stocks are pretty wide. I stay away from those stocks.I tend towards bluechips like PEP, KO ,COST, JNJ, KMB, since they have lesser moves.I like sideways charts. Large premiums on volatile stocks are tempting but dangerous. I also use GLD and SLV to sell long term calls on [Jan 2011].Good luck to everyone in this uncertain market!
> > ________________
> >
> > Anthony Hills
> >
> > Hills Motors/Hills Industries
> >
> > 4011 Pacific Blvd
> >
> > San Mateo,CA 94403.
> >
> > 650 573 7425
> >
> > Fax 650 573 8721
> >
>
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