yonglonglai.com

As expected all my positioned got exercised, i.e. I made my premiums! (which is all I want… this is not a capital growth strategy, its purely a cashflow strategy)
Buy some shares, write lease agreement, collect rent, repeat every month.

Some of these trades are from previous month (October) which didn’t get assigned, so I wrote the call options again to pick up some premiums! No harm collecting more money. You can see my old position from November here

All in all this was a great month, closed off October trades now I’m all cashed up to re-enter the market tonight. I’ll be re-entering mostly the same stocks, will check out the stock screener from moneycentral to see if the list has changed. If you have no idea what i’m talking about but you are interested go read this free ebook: What I Didn’t Learn At School But Wish I Had. If you’ve already done that and still have no idea what to do then look into this: Mastery of Stock Market Intelligence

Anyways, Merry Christmas & a Happy New Year!

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From October - breakeven trade
The Trade - 21/12/2007
NVDA
Options/Contract = 100
Trade Opened - 22/10/2007
Buy 100 NVDA @ $38.66 ($3,866.00)
Sell 1 NVDA $35.00 Call @ $3.90 ($390.00)

I was exercised/assigned (21/12/2007)
Sell 100 NVDA @ $35.00 ($3,500.00)

Net Profit: $24.00
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From October
The Trade - 21/12/2007
AAPL
Options/Contract = 100
Trade Opened - 22/10/2007
Buy 100 AAPL @ $174.42 ($17,442.00)
Sell 1 AAPL $165.00 Call @ $23.92 ($2,392.00)

I was exercised/assigned (16/11/2007)
Sell 100 AAPL @ $165.00 ($16,500.00)

Net Profit: $1,450.00
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From October
The Trade - 21/12/2007
RIMM
Options/Contract = 100
Trade Opened - 22/10/2007
Buy 100 RIMM @ $114.13 ($11,413.00)
Sell 1 RIMM $103.38 Call @ $20.61 ($2,061.00)

I was exercised/assigned (16/11/2007)
Sell 100 RIMM @ $103.38 ($10,337.50)

Net Profit: $985.50
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From October - small loss trade
The Trade - 21/12/2007
AMZN
Options/Contract = 100
Trade Opened - 22/10/2007
Buy 100 AMZN @ $90.52 ($9,052.00)
Sell 1 AMZN $80.00 Call @ $10.05 ($1,005.00)

I was exercised/assigned (16/11/2007)
Sell 100 AMZN @ $80.00 ($8,000.00)

Net Profit: -$47.00
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The Trade - 21/12/2007
QQQQ
Options/Contract = 100
Trade Opened - 20/11/2007
Buy 100 QQQQ @ $50.38 ($5,038.00)
Sell 1 QQQQ $50.00 Call @ $1.88 ($188.00)

I was exercised/assigned (16/11/2007)
Sell 100 QQQQ @ $50.00 ($5,000.00)

Net Profit: $150.00
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The Trade - 21/12/2007
PCU
Options/Contract = 100
Trade Opened - 20/11/2007
Buy 100 PCU @ $104.01 ($10,401.00)
Sell 1 PCU $100.00 Call @ $9.61 ($961.00)

I was exercised/assigned (16/11/2007)
Sell 100 PCU @ $100.00 ($10,000.00)

Net Profit: $560.00
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The Trade - 21/12/2007
WFT
Options/Contract = 100
Trade Opened - 23/11/2007
Buy 100 WFT @ $61.93 ($6,193.00)
Sell 1 WFT $60.00 Call @ $4.05 ($405.00)

I was exercised/assigned (16/11/2007)
Sell 100 WFT @ $60.00 ($6,000.00)

Net Profit: $212.00
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The Trade - 21/12/2007
GOOG
Options/Contract = 100
Trade Opened - 4/12/2007
Buy 100 GOOG @ $688.90 ($68,890.00)
Sell 1 GOOG $690.00 Call @ $22.60 ($2,260.00)

I was exercised/assigned (16/11/2007)
Sell 100 GOOG @ $690.00 ($69,000.00)

Net Profit: $2,370.00
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5 working day trade
The Trade - 21/12/2007
RIMM
Options/Contract = 100
Trade Opened - 14/12/2007
Buy 100 RIMM @ $107.05 ($10,705.00)
Sell 1 RIMM $100.00 Call @ $10.10 ($1,010.00)

I was exercised/assigned (16/11/2007)
Sell 100 RIMM @ $100.00 ($10,000.00)

Net Profit: $305.00
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