Options Trade & Update - AstraZeneca (AZN)

I decided to close out my put with AZN today with the big swing up in the markets.  The Oct 2012 $45 puts have had some wild swings since I purchased them trading from between $2.00 and $5.00.  I closed out my position today at $2.30 for a small gain.  If those puts trade back up to around $4.00 I will probably sell another one.

I am also freeing up some cash for a likely PG assignment @ $62.50 soon.

Open:

03/28/12 Sold 3 BBVA July '21 '12 $7 Puts @ .55
04/09/12 Sold 1 VOD July 21 '12 $27 Put @ 1.45
04/30/12 Sold 1 PG July 21 '12 $62.50 Put @1.42
06/20/12 Sold 2 WAG Oct 20 '12 $28 Puts @ 1.20

Closed Out:

06/29/12 Bought to Close 1 AZN Oct 20 '12 $45 Put @ 2.30
03/12/12 Sold 1 AZN Oct 20 '12 $45 Put @ 3.00
Profit: $70 before brokerage fees.

05/23/12 Bought to Close 1 KMI June 16 '12 $30 Put @ .65
01/23/12 Sold 1 KMI June 16 '12 $30 Put @ 2.25
Profit: $165 before brokerage fees.

05/14/12 Bought to Close 1 CHK July 21 '12 $16 Put @ 2.52
04/25/12 Sold 1 CHK July 21 '12 $16 Put @ 1.13
Profit: -$139 before brokerage fees

04/12/12 Sold 1 JNJ Oct 20 '12 $62.50 Put @ 2.60
04/30/12 Bought to Close 1 JNJ Oct 20 '12 $62.50 Put @ 1.62
Profit: $98 before brokerage fees (not bad for only waiting 18 days)


01/19/12 Sold 2 TSM July 21 '12 $15 Puts @ 1.80
04/09/12 Bought to Close 2 TSM July 21 '12 $15 Puts @ 1.03
Profit: $154 before brokerage fees


01/03 - Sold 1 RIG $35 May 19 '12 PUT @ 2.11
03/12 - Bought to Close 1 RIG $35 May 19 '12 Put @ .09
Profit: $202.00 before brokerage fees


01/06 Bought 10 SLV Jan 19 '13 $45 Calls @ 1.05
01/26 - Sold to Close 5 SLV Jan 19 '13 $45 Calls @ 1.85
02/28 - Sold to Close 5 SLV Jan 19 '13 $45 Calls @ 2.03
Profit: $890 before brokerage fees


Total Profit before fees: $1435

New Purchase & Options Trade - Walgreen Co (WAG)

I purchased 68 shares this morning @ 28.99 / share and a YOC of 3.8% before commissions.  I also sold 2 Oct 20 '12 $28 Puts @ 1.20/share.  If the puts get assigned in Oct. I will own 268 shares of WAG at an average cost of 27.36 with a total YOC of 4.02% before commissions.  I realized that with a lot of puts I have sold, I would have been better off buying the company so I decided to do both today.  If WAG's price rallies I don't want to miss the opportunity to own some at a good price.  Walgreens is a dividend champion and has raised dividends for 36 straight years.

I have been watching Walgreen's (WAG) for a while and decided to pull the trigger today on weakness.  The stock has dropped about 10% since it announced it is buying a 45% stake in Alliance Boots for 6.7 Billion (4B in cash plus 83.4M shares).  I'm guessing this drop was due to dilluting the outstanding shares by about 10% (they have about 850M outstanding shares by my calculations).  WAG also increased the dividend 22.2% to 27.5 cents per share yesterday.

I had planned on holding off on any new purchases until July but I missed out on some deals a few weeks ago and I can't let this great deal slip away.

This is from their website:
DEERFIELD, Ill., June 19, 2012 - The board of directors of Walgreen Co. (NYSE:WAG) (NASDAQ:WAG) today announced an increase in the quarterly dividend of 22.2 percent to 27.5 cents per share from the previous rate of 22.5 cents per share. The dividend declared by the board is payable Sept. 12, 2012, to shareholders of record Aug. 17, 2012. The increase raises the annual dividend rate from 90 cents per share to $1.10 per share.

Here is an update of my open options:

Open:

03/12/12 Sold 1 AZN Oct 20 '12 $45 Put @ 3.00
03/28/12 Sold 3 BBVA July '21 '12 $7 Puts @ .55
04/09/12 Sold 1 VOD July 21 '12 $27 Put @ 1.45
04/30/12 Sold 1 PG July 21 '12 $62.50 Put @1.42
06/20/12 Sold 2 WAG Oct 20 '12 $28 Puts @ 1.20