My Trading Account Status 8/16/2014

Here are my holdings as of August 16th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
AFLAC INCAFL10001/31/14$6,278.95$6,010.00
AFLAC INCAFL8903/27/14$5,540.75$5,348.90

The Aug 16 $65.00 AFL call has expired. AFL ended this week at $60.10, so none of my shares are called away from me (as expected). I will look into selling a call again on my shares of AFL if the stock price goes up to the $63~$64 dollars range.

Do you notice that my cash balance increased a bit from last week? I said in my last post that I might sell a put. Well, I did. I sold a Aug 16 $50.00 WFC put on Monday with net proceeds of $30.35. WFC closed at $50.21 for the week. The option expired with me pocketing the premium and no WFC shares were put to me.

If you think about it, I earned $30.35 on $5,000 for one week’s time. That’s an annual percentage yield of ($30.35/$5,000) x (365/7) = 31.65%. That’s better then putting the money in a bank. I like WFC and had the share price closed at below $50.00 and shares of WFC were assigned to me, I would still be happy with the result. With a cash balance of $5,378.94, I might sell another put again in the coming week. WFC is definitely a top candidate.

My real bottom line on 8/16/2014: $16,737.84

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