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Nflacoy's YMBC JULY 10 Update

Jdst shot up a little quicker than I had anticipated at the beginning of the month. It appeard that I my 200 shares would get called away with my $6 calls with $3.35 average price. I probably panicked as I am still learning the covered call game. I rolled both calls down to Jan 16 3$ strike got a $170 credit for each call rolled.

At this point I have $433.84 into the trade counting comissions so price/share of JDST now approx $2.17. I am still looking to roll out the call to jan 2017 eventually

$229.97 in distribution coming from BDCL & MORL this month.

here are the new holdings (only the covered calls have changed)

  Issue current price daily change Amount (par amount for bonds) Purchase price Total Gain $ Total Gain % Market Val
                 
  MORL $ 16.76 1.12% 180 $19.80 $ (577.15) $ (16.06) $ 3,016.80
                 
covered call JDST Jan 15 '16 $3 Call $ 7.59 0.00% -2 $7.59 $ (6.57) $ (0.43) $ (1,518.00)
                 
  JDST $ 10.70 0.38% 200 $7.23 $ 674.32 $ 46.01 $ 2,140.00
                 
  BDCL $ 19.28 0.46% 100 $21.21 $ (203.19) $ (9.53) $ 1,928.20
                 
TXU 10.5% 11/2016 882330AH6 $ 11.25 0.00% 10,000 $17.20 $ (594.62) $ (34.58) $ 1,125.00
                 
Ipayment holdings 15% 11/2018 46263YAF7 $ 78.00 0.00% 3,414.41 $33.83 $ 1,508.24 $ 130.58 $ 2,663.24
                 
Harrah's Oper. Inc. 10% 12/2018 413627BM1 $ 26.00 0.00% 1,000 $26.12 $ (1.25) $ (0.48) $ 260.00
                 
Alion Science & Tech. 15.25% 2/2020 016275AN9 $ 97.00 0.00% 3,261 $0.00 $ 3,163.17   $ 3,163.17

Disclosure: I am/we are long MORL, BDCL, JDST.

Additional disclosure: I am investing for myself and make no recommendations to anyone