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Update Transaction - Multi-Fine Electronix (MFLX)

This position was rolled forward to August expiration. The new profit/loss info is below:


1/15/2010 -- Sold to Open 1 MFLX February $25 Put @ 1.2324
2/5/2010 -- Bought to Open 1 MFLX February $20 Put @ 0.4101
2/19/2010 -- Stock Bought Due To Option ITM @ $25.10
2/22/2010 -- Sold to Open 1 MFLX April $25 Call @ .2824
4/9/2010 -- Bought to Close 1 MFLX April $25 Call @ .2975
4/9/2010 -- Sold 100 MFLX @ 24.8295
4/9/2010 -- Sold to Open 1 MFLX May $25 Put @ 1.4399
5/7/2010 -- Bought to Close 1 MFLX May $25 Put @ 0.89
5/7/2010 -- Sold to Open 1 MFLX June $25 Put @ 1.37
5/25/2010 -- Bought to Close 1 MFLX June $25 Put @ 2.02
5/25/2010 -- Sold to Open 1 MFLX July $25 Put @ 2.55
6/24/2010 -- Bought to Close 1 MFLX July $25 Put @ 0.72
6/24/2010 -- Sold to Open 1 MFLX August $25 Put @ 1.60


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $23.77
Current Cost Average: $21.13
Commissions (Included In Cost): $39

Potential Annualized Gain If Called At Expiration (8/20/2010): 27.36%

Current Holdings

The current holdings of the CCIP as of June 23, 2010 are:

MEMC Electronic Materials - 100 Shares ($12 July CC)

Verizon - 100 Shares & 1 CSP ($32 July CSP, 100 Shares Uncovered)

Marathon Oil (MRO) - 1 $32 August CSP

Discover Financial (DFS) - 100 Shares ($15 July CC)

Multi-Fineline Electronics (MFLX) - 1 $25 July CSP

Sociedad Quimica y Minera (SQM) - 1 $35 August CSP

Linear Technology (LLTC) - 100 Shares ($27 July CC)

Neutral Tandem (TNDM) - 100 Shares ($15 Aug CC)

Abbott Labs (ABT) - 1 $52.50 August CSP

Texas Instruments (TXN) - 1 $23 July CSP

Life Partners Holdings (LPHI) - 1 $17.50 Aug CSP

JC Penneys (JCP) - 1 $23 July CSP

Nucor (NUE) - 100 Shares ($40 July CC)

McGraw-Hill (MHP) - 1 $27.50 Aug CSP

Suncor (SU) - 1 $28 July CSP

A123 Systems (AONE) - 100 Shares ($9 July CC)

Posting to Resume

After an extended hiatus, posts will resume in the month of July. I will begin with a recap of how the portfolio has fared over the last few months.

Blog Moving to coveredcallsinvesting.blogspot.com

The blog has been officially moved to coveredcallsinvesting.blogspot.com. I will no longer be making updates to this blog.