We wrote October 12.5 covered calls (TSMJV) on our Taiwan Semiconductor Manufacturing Company Limited (TSM) shares at $0.45. The options are set to expire in 5 months and this trade essentially replaces the April 12.5 covered calls (TSMDV) that expired worthless.
Below is our updated portfolio:
Stock | Buy Date | Buy Price | Current Price | Current % Of Portfolio | Unrealized % Return | Current Yield |
Altria (MO) | Various | 16.69 | 22.16 | 3.99 | 32.81 | 5.1 |
Philip Morris International (MO) | 1/4/2005 | 32.19 | 50.63 | 5.34 | 57.27 | 3.90 |
Kraft Foods (KFT) | Various | 24.03 | 31.35 | 3.77 | 30.44 | 3.30 |
Plum Creek Timber (PCL) | 5/12/2005 | 35.5 | 41.75 | 7.53 | 17.60 | 3.60 |
Pfizer (PFE) | Various | 24.37 | 20.20 | 6.07 | (17.10) | 6.2 |
ICICI Bank (IBN) | 5/18/2006 | 27.57 | 44.11 | 7.95 | 59.97 | 0.80 |
Taiwan Semi (TSM) | 7/27/2006 | 8.71 | 11.11 | 6.68 | 27.78 | 3.60 |
Advantage Energy Fund (AAV) | 11/2/2006 | 11.22 | 12.52 | 4.89 | 11.54 | 16.80 |
SunTech Power (STP) Call Value | 3/14/2007 | 36.73 | 45 | 5.43 | 22.53 | None |
Central Europe & Russia Fund (CEE) | Various | 51.03 | 50.93 | 6.12 | (0.20) | 17.90 |
Patni Computers (PTI) | 8/10/2007 | 20.85 | 13.38 | 4.02 | (35.88) | 0.80 |
Itron Inc. (ITRI) | 11/07/2007 | 85.01 | 101.82 | 6.12 | 19.63 | None |
Anthracite (AHR) | 11/09/2007 | 7.97 | 7.64 | 4.59 | (4.14) | 15.60 |
ClickSoftware (CKSW) | 11/09/2007 | 4.61 | 2.90 | 1.74 | (37.09) | None |
Harvest Energy (HTE) | 11/28/2007 | 21.01 | 23.22 | 5.58 | 10.49 | 16.30 |
iRobot (IRBT) | 12/18/2007 | 18.65 | 17.43 | 4.19 | (5.74) | None |
MCG Capital (MCGC) | Various | 10.86 | 7.25 | 3.49 | (33.26) | 21.00 |
LDK Solar (LDK) | 01/22/2008 | 30.49 | 33.57 | 6.05 | 10.09 | None |
EMC Corporation (EMC) | 04/08/2008 | 15.00 | 15.89 | 5.03 | 5.96 | None |
Cash |
|
|
| 13.99 |
|
|
Total Portfolio |
|
|
|
| 7.32 |
|
- For SunTech Power (STP), we wrote covered calls for 2008 June 45 on 4/1/2008 at $4.30.
- For Taiwan Semi (TSM), we wrote covered calls for 2008 October 12.5 on 4/21/2008 at $0.45.
- For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria is yet to supply the cost-basis info
The list of stocks/options sold during the year and the gain/losses are listed below:
Stock | Buy Date | Buy Price | Sell Date | Sell Price | % Gain (Loss) | % Portfolio Return* |
LDK Solar (LDK) | 11/21/2007 | 30.30 | 01/08/2008 | 40.83 | 34.75 | 2.64 |
Fannie Mae (FNM) | 02/15/2008 | 30.70 | 03/10/2008 | 19.82 | (35.44) | (2.18) |
Navteq Inc.(NVT) | 03/11/2008 | 73.32 | 03/12/2008 | 72.15 | (1.62) | (0.06) |
Suntech March 45 Call (STPCI) | 10/15/2007 | NA | 03/22/2008 | NA | NA | 0.50 |
LDK Solar March 40 Call (LDKCH) | 02/13/2008 | NA | 03/22/2008 | NA | NA | 0.44 |
Taiwan Semi April 12.5 Call (TSMDV) | 10/18/2007 | NA | 04/20/2008 | NA | NA | 0.1664 |
Cypress Semi April 27 Call (CYDB) | 04/04/2008 | NA | 04/20/2008 | NA | NA | 0.2137 |
Cypress Semi (CY) | 04/02/2008 | 24.89 | 04/20/2008 | 26.95 | 8.26 | 0.4113 |
Realized Gain/(Loss) YTD | - | - | - | - | - | 2.126 |
- % Gain/Loss Relative to Portfolio Value at Beginning of Year + Deposits
- The table assumes realization of profits associated with selling options only after the option is exercised or expiry.
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