Bye-Bye 11-11
Posted on | December 5, 2011 | No Comments
I’ve updated my debt and Meager Income charts through December 1st. One more month to go before the start of 2012. I’ll be very excited if I can break through the $250k mark. I’m tempted to take out a 401k loan if the stock market rallies in the next few weeks to pay off a higher interest loan and pay back the loan over time.
I received a total of $305.78 in dividends this month:
| AIOAX | 19.97 |
| CLP | 22.22 |
| FNFG | 66.21 |
| T | 97.38 |
| VZ | 100 |
| Total | 305.78 |
I was able to take advantage of the stock volatility this month with options. I had a net gain of $218.05. I sold a few calls against existing holdings and sold some put options as well. I was assigned some of the put options and then turned around and sold call options on the holdings. As I was preparing my update, I thought to myself that maybe I should be reporting my Capital Gains and Losses here too. I will.
I no longer own Microsoft stock directly (I’m sure I have plenty of exposure to it through mutual funds). I was assigned the stock after a put option I sold expired in the money. After selling a couple of covered calls against it, I decided it was not volatile enough for covered calls. Additionally, the option strike prices did not have a large enough range and the premiums barely covered the transaction costs. I am a novice options trader though so I may revisit the stock again after I gain additional experience trading options. At this point I decided it would be best to sell my holdings for a small gain of $274.55.
On my to do list before the end of the month is locking in some capital gains. I’ve already locked in losses for the year.
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