New CC Trade: EBAY

In August, my friend Rosie brought it to my attention that EBAY was tiding between $52 and $56. After confirming it on my charts, I picked up 1000s of EBAY stock and sold the Sept call options against my position last week. I was not called out of the stock on expiration day (Sept 20th) so, I still own it. As a result, the chart below reflects the closing price of EBAY on Sept 20th. I’m going to hang on to the stock and look to sell the Oct options. Thanks again, Rosie!

Here’s a look at how I did:

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

100s

400s

53.60

53.65

5,360.00

21,460.00

54.95

54.95

5,495.00

21,980.00

5.90

5.90

129.10

514.10

2.4%

2.4%

400s 52.10 26,050.00 54.95 27,475.00 5.90 1,419.10 5.4%
10 Sep 55 calls 0.40 400.00 10.00 390.00 0.8%
TOTAL PROFIT           2,452.30 4.6%


My charts for this trade:

*Update 9/26: Decided to sell the stock at 55.00 as originally planned. The table and chart below reflects accordingly.*

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

100s

400s

53.60

53.65

5,360.00

21,460.00

55.00

55.00

5,500.00

22,000.00

5.90

5.90

134.10

534.10

2.5%

2.5%

400s 52.10 26,050.00 55.00 27,500.00 5.90 1,444.10 5.5%
10 Sep 55 calls 0.40 400.00 10.00 390.00 0.8%
TOTAL PROFIT           2,502.30 4.7%

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Screen Shot 2013-06-18 at 8.07.12 AM



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