I also made back over $1,500 by rolling long options out a year - with RSI being the indispensable timing tool that allowed me to do that. Most of my covered call rollouts are good but this one is an exception as the stock got away from me on the upside and isn't giving a lot back. That's fine - it's unrealistic to think that every last rollout is going to be a howling success.
Yes - I do owe the kitty $7,230 - it's no laughing matter to me when the stock gets away on the upside - it does cost some bucks to extricate myself so that I can take full advantage of future stock price gains.
Just for the record, so many of the mindless detractors here said that the stock getting away on the upside was the one thing that I did NOT have to worry about with a dog like Pfizer.
Anyone can post these phony transactions AFTER THE FACT. I only believe trades if they are reported in REAL TIME. You must post the trade at EXACTLY the time it is filled, NO EXCEPTIONS. It's my way or the highway. I'm sticking to my guns on this one.
I own a total of 472 long LEAPS calls that I am allowed to write covered calls on. I also own 27 of the 10-strike long LEAPS expiring in Jan. 2013 in my IRA that I am not allowed to write covered calls on.
In my regular account, the long calls that I own in addition to my Sept. 15/Sept. 18 bull spread (100 contracts a side) are:
283 of the 10's expiring in Jan. 2013 139 of the 12.50's expiring in Jan. 2012 050 of the 12.50's expiring in Jan. 2013
After today's rollout, the covered calls I have written are:
097 of the Mar 19's 125 of the Apr 18's 250 of the May 19's