Wednesday, October 2, 2013


Final trade before going on vaca:
Bought ERF (Enerplus O&G) eleven months ago for @ $16.5, selling the April $15 DITM call  ; a week later it dropped to 11 1/2, then worked its way back to be called away Monday with the Oct.15 call I sold OTM (above the stock price, but the same as the original)
Monthly dividends plus calls on 300 shares was $800, on Cost basis of $4866, annualized for the 11 months:  17.85%

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