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6/4/08

Wrote Nov 50 Calls On Plum Creek Timber (PCL) Shares

We wrote Nov 50 covered calls (PCLKJ) on our Plum Creek Timber (PCL) shares at $1.70 today. The options are set to expire in less than 6 months and if they get exercised we will realize an overall return of approximately 50%.

Below is our updated portfolio:












































































StockBuy DateBuy PriceCurrent PriceCurrent % Of PortfolioUnrealized % ReturnYield as % of BOY Portfolio Value Plus Deposits
Altria (MO) Various16.6921.983.4131.730.17
Philip Morris International (PM)1/4/200532.1951.675.8260.500.19
Kraft Foods (KFT)Various24.0332.053.3133.350.11
Plum Creek Timber (PCL)5/12/200535.545.877.1129.200.28
Pfizer (PFE)Various24.3719.014.91(21.99)0.30
ICICI Bank (IBN)5/18/200627.5734.965.4226.790.06
Taiwan Semi (TSM)7/27/20068.7111.385.8830.780.19
Advantage Energy Fund (AAV)11/2/200611.2212.744.2813.500.49
SunTech Power (STP) Call Value 3/14/200736.7340.414.1810.03None
Central Europe & Russia Fund (CEE)Various51.0357.075.9011.831.17
Patni Computers (PTI)8/10/200720.8512.753.29(38.90)0.04
Itron Inc. (ITRI)11/07/200785.0196.454.9813.32None
Anthracite (AHR)11/09/20077.979.554.9319.830.74
ClickSoftware (CKSW)11/09/20074.612.931.51(36.44)None
Harvest Energy (HTE)11/28/200721.0124.705.1017.540.79
iRobot (IRBT)12/18/200718.6513.712.83(25.86)None
MCG Capital (MCGC)Various10.865.522.28(49.18)0.39
LDK Solar (LDK)01/22/200830.4944.446.8945.74None
Aegon N.V. (AEG)04/28/200815.9915.054.66(5.86)0.28
LM Ericsson (ERIC) (AEG)05/05/200823.65 27.065.5914.400.19
TD Ameritrade (AMTD)05/21/200817.68 18.193.762.86None
Cash


4.44

Total Portfolio



7.085.38


  • 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
  • For Plum Creek Timber (PCL), we wrote covered calls for 2008 November 50 on 06/03/2008 at $1.70.


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The content in this blog should not be taken as professional advice. We do not provide professional advice. We are amateurs sharing our experiences.