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create your own hedge fund increase profits and reduce risks with etfs and options phần 10

lệ phí $ 10 cho mỗi đơn hàng. Các thị trường vẫn còn trôi như tôi đã làm cho ngành nghề của tôi trong khoảng thời gian hết hạn tháng tám (xemCác chức danh khác trong loạt sách Briefcase bao gồm:Giao tiếp hiệu quả quản lý hiệu quả bởi Lani Arredondo bởi Robert Bacal | TABLE 16.3E July Expiration Results Ending Price Assigned Current Position Position Cost Current Value P L P L ETF Opening Price IWV 65.02 62.90 Yes 400 25 348.00 25 160.00 188.00 -0.72 IWM 1 18.06 1 14.96 Yes 200 22 594.00 22 992.00 398.00 1.69 IWM 1 18.06 1 14.96 No 0 426.00 1.81 QQQ 36.70 35.20 No 700 24 772.00 24 640.00 132.00 -0.52 Total 72 714.00 72 792.00 504.00 0.50 After Roll Account Cash 77 125.00 Ending Cash 28 885.00 Beginning Account Value 101 1 50.50 Ending Account Value 101 654.50 IWM Assigned on two put options the other two expired worthless 207 208 CREATE YOUR OWN HEDGE FUND need to make the trade.10 Then I ll buy 100 IWV. Then I ll write five call options. If I write four options initially buy 100 shares and then write another call option most brokers charge an additional 10 commission because there is a 10 fee per order. The market is still drifting as I make my trades for the August expiration period see Table 16.4A . My positions and the potential profits are listed in Table 16.4B. August is an ideal month for uncovered put writers. The market drifts higher then lower never moving significantly in either direction. Expiration arrives with the S P 500 index up less than 0.25 percent. It appears that I am going to be assigned on all my short calls and my puts are going to expire worthless. My account has no remaining positions only cash. The results are listed in Table 16.4C. I m ahead by over 3.6 percent for the three months when the market has declined in value. I m pleased with my performance. I plan to continue writing uncovered put options and switching to covered call writing if and when I am assigned on any puts. Because my account contains only cash next month I ll continue my investment program by writing puts on each of my three ETFs. TABLE 16.4A August Expiration Trades B S W Qty SYM Price Option Prem Comm Net Cash Cash Backing B W 100 5 IWV IWV 62.85 Aug 63 Call 0.85 10.00 17.50 6 295.00 407.50 W 2 IWM 114.98 Aug 115 Call 2.75 13.00