Hey everyone. Had another awesome month. The market has been really awesome lately... but that could change at any moment. Hopefully the uptrend will last another 4 weeks at least! At September expiration my SNDA shares were called away. Let's do a bit of analysis on whether I made any money on my SNDA stock and options trades, despite being assigned the stock and having it called away subsequently. Here are the relevant trades:

Execution Date Action Description Quantity Symbol Description Price Commission Reg Fees Total Cost 7/20/2009 9:30 Sell To Open 4 .QKUTJ SNDA AUG 50 Put $2.00 $14.95 $0.04 $785.01 8/21/2009 8:04 Buy 400 SNDA Option Assignment $50.00 $14.95 $0.00 ($20,014.95) 8/21/2009 8:04 Buy To Close 4 .QKUTJ SNDA AUG 50 Put $0.00 $0.00 $0.00 $0.00 8/25/2009 9:33 Sell To Open 4 .QKUIJ SNDA SEP 50 Call $2.60 $14.95 $0.05 $1,025.00 9/18/2009 8:09 Sell 400 SNDA Option Assignment $50.00 $14.95 $0.52 $19,984.53 9/18/2009 8:09 Buy To Close 4 .QKUIJ SNDA SEP 50 Call $0.00 $0.00 $0.00 $0.00

As you can see, it all started when back in July I sold the Aug 50 puts (for $785.01), which ended up in the money at expiration. I was assigned 400 shares of SNDA stock on August 21, which cost me $20,014.95. I promptly sold September calls against the shares on August 25, netting a cool $1,025.00. SNDA's price then shot straight up, causing the forced sale of my shares at $50, for proceeds of $19,984.53. If you add up all the numbers, you're left with a total profit of $1,779.59. Not bad, considering the volatility. As a comparison, let's see what might have happened had I not been using options. Considering that I was bullish back on July 20, I might have bought 400 shares of SNDA straight-up. The low of the day was $54.65, but, I probably wouldn't have gotten so lucky (the high of the day was $60.23!), but let's just say that I was the luckiest guy in the market and bought all 400 shares at the low. If I had held on until September 18 and sold at the high of the day ($55.38) I would have made a whopping $0.73 per share, for a total of $292.00 before commissions! Yeah, I think I'll stick with options :)

All my other September options (puts) expired out of the money, allowing me to keep their full premiums totaling $2,952.42. I started a bit early this month, selling my October puts last week even before the Septembers officially expired. Here are the goods for this month:

Execution Date	Action Description	Quantity	Symbol	Description	Price	Commission	Reg Fees	Total Cost
9/18/2009 15:24	Sell To Open	33	.FVI	F OCT 6 Put	$0.11	$49.50	$0.14	$313.36
9/17/2009 12:12	Sell To Open	9	.BCSVX	BCS OCT 22.5 Put	$0.50	$14.95	$0.06	$434.99
9/17/2009 11:38	Sell To Open	4	.DTJVR	DLTR OCT 45 Put	$0.60	$14.95	$0.03	$225.02
9/17/2009 11:29	Sell To Open	16	.NDNVV	NDN OCT 12.5 Put	$0.20	$24.00	$0.07	$295.93
9/17/2009 11:05	Sell To Open	5	.NGHVH	NTES OCT 40 Put	$0.60	$14.95	$0.03	$285.02
9/17/2009 11:04	Sell To Open	4	.QKUVI	SNDA OCT 45 Put	$0.70	$14.95	$0.03	$265.02
9/17/2009 10:46	Sell To Open	13	.HGGVC	HGG OCT 15 Put	$0.85	$19.50	$0.08	$1,085.42
9/17/2009 10:07	Sell To Open	16	.OFGVV	OFG OCT 12.5 Put	$0.45	$24.00	$0.08	$695.92
9/17/2009 10:02	Sell To Open	8	.SQRVE	STEC OCT 25 Put	$0.45	$14.95	$0.04	$345.01

Grand total: $3,945.69. Let's see how much of it I end up keeping in October!