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My Covered Call Blog » Blog Archive <br /> <b>Deprecated</b>: Non-static method HeadSpace2::reload() should not be called statically, assuming $this from incompatible context in <b>/home/rickdahl/coveredcalls.rickdahl.com/wp-content/plugins/headspace2/modules/page/page_title.php</b> on line <b>77</b><br /> <br /> <b>Deprecated</b>: Non-static method HeadSpace2::get() should not be called statically, assuming $this from incompatible context in <b>/home/rickdahl/coveredcalls.rickdahl.com/wp-content/plugins/headspace2/models/headspace.php</b> on line <b>284</b><br /> <br /> <b>Deprecated</b>: Non-static method HS_InlineTags::replace() should not be called statically, assuming $this from incompatible context in <b>/home/rickdahl/coveredcalls.rickdahl.com/wp-content/plugins/headspace2/models/headspace.php</b> on line <b>188</b><br /> <br /> <b>Deprecated</b>: Non-static method HS_InlineTags::replace() should not be called statically, assuming $this from incompatible context in <b>/home/rickdahl/coveredcalls.rickdahl.com/wp-content/plugins/headspace2/models/headspace.php</b> on line <b>188</b><br /> <br /> <b>Deprecated</b>: Non-static method HS_InlineTags::replace() should not be called statically, assuming $this from incompatible context in <b>/home/rickdahl/coveredcalls.rickdahl.com/wp-content/plugins/headspace2/models/headspace.php</b> on line <b>188</b><br /> » My Covered Call Blog
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SSO - Close Position


Written on January 5, 2009 – 10:41 am | by admin

I have decided to close one of my four SSO positions.  There are a couple reasons for doing this:

  1. I can close it at a profit
  2. I believe we will go down again
  3. SSO is too large a position
  4. Its leveraged (see above)

I will give you the details of the overall transaction.  I am showing you the details of a position that will yield a profit.  I am not using a FIFO/FILO method to this.

Buy: 100 @ $28 ($7 commission)
Net Investment: $2625.58
Sold Nov08 $30 @ $1.85 ($3.58 commission)
Sold Dec08 $30 @ $0.60 ($3.58 commission)
Received Dividend of $0.05911 
Sold: 100 @ 28.21 ($7 commission) 

Return: 9.36% over 2 option periods (71% annually)

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