Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Positions Update, 21 DEC 2012

|Includes: eBay Inc. (EBAY)

EBAY surged to close up 2.28% on options expiration Friday (12/20) @ 54.58 on 17 mil. shares (above avg. v.). My 55 DEC calls played out beautifully (pocketed the premium and kept the appreciated shares), my naked longs are up nicely, and my 52.5 DEC calls resulted in a 1.5 month, 3.6% realized gain (shares were called away). Summary:

Account I (apx .50 weight):

NOV 7. Bought EBAY @ 53.14. Sold 53.5 NOV calls @ .56. 1% return from premium. (also have a small position with no calls)

NOV 15. Shares not called away

NOV 18. Sold 55 DEC calls @ .53. 1% return from premium. (also have small position with no calls)

DEC 11. Added shares @ 51.36.

DEC 21. Shares not called away.

Account II (apx .17 Weight):

NOV 07. Bought EBAY @ 52.32. Sold DEC 52.5 Calls @ 1.72. 3.3% return from premium.

DEC 21. Shares called away. Total return: 3.6%. Now 100% Cash.

Account III (apx .17 Weight):

NOV 08. Bought EBAY @ 52.87. Sold 55 DEC Calls @ .89. Return from the premium of 1.7%

DEC 21. Shares not called away.

Account IV: (apx .17 Weight):

NOV 21. Bought EBAY @ 52.79.