The Money Tree

Safely Generating Income in Retirement

April Portfolio Updates

Posted by mounddweller on April 18, 2009

Not much new to report this month on the open positions in The Money Tree portfolio.  Please recall back in March I wrote a new round of calls on both of them with May expirations.   Both XLI and FRX have rebounded nicely during the current bear market rally and are now trading above my net cost basis but continue to be below my original entry price. 

One piece of news worth noting is that on 4/1/09 XLI paid a dividend of $51.77.  This reduced my cost basis to $19.86.  Thus, if the price remains above my $20 strike and I choose to let it be assigned I will exit the position with a small profit.  Below are updated tables showing my complete trading history of XLI and FRX.

12/22/2008 XLI Bought 300 XLI at $21.99 BY  $(6,605.95)  $     (22.02)
12/22/2008 XLI CALL SECT SPDR INDL SEL$22 EXP 01/17/09 at $0.90 SC  $    267.74  $     (21.13)
1/20/2009 XLI CALL SECT SPDR INDL SEL$22 EXP 01/17/08 CE  $               $     (21.13)
1/21/2009 XLI CALL SECT SPDR INDL SEL$22 EXP 2/21/2009 at $0.70 SC  $    189.83  $     (20.49)
2/23/2009 XLI CALL SECT SPDR INDL SEL$22 EXP 02/21/09 CE  $               $     (20.49)
3/23/2009 XLI CALL SECT SPDR INDL SEL$20 EXP 05/16/09 at $0.50 SC  $    138.79  $     (20.03)
4/1/2009 XLI Dividend Received at $51.77 DV  $      51.77  $     (19.86)
1/15/2009 FRX Bought 200 FRX at $25.60 BY  $(5,132.95)  $     (25.66)
1/15/2009 FRX CALL FOREST LABS INC$25 EXP 02/21/09 at $2.10 SC  $    418.49  $     (23.57)
2/23/2009 FRX CALL FOREST LABS INC$25 EXP 02/21/09 CE  $               $     (23.57)
2/26/2009 FRX PUT FOREST LABS INC$22.50 EXP 03/21/09 at $0.85 SP  $    159.54  $     (22.77)
3/21/2009 FRX PUT FOREST LABS INC$22.50 EXP 03/21/09 PA  $               $     (22.77)
3/23/2009 FRX Assigned 200 FRX at $22.50 BY  $(4,512.95)  $     (22.67)
3/23/2009 FRX CALL FOREST LABS INC$25 EXP 05/16/09 at $0.50 SC  $    188.04  $     (22.20)
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