As of the start of 2008, I held a pure cash position. These are the transactions for 2008.

Power Account Transactions 2008

Date Activity Symbol Quantity Price Amount % Return
01/11/08 Buy Shares EEB 700 $52.65 -$36,865.00  
01/11/08 Sell 7 Contracts EEBAA 7 $1.00 $685.00 1.85%
01/11/08 Buy Shares SDS 1000 $58.80 -$58,810.00  
01/11/08 Sell 10 Contracts SDSAG 10 $1.20 $1,182.50 2.01%
01/21/08 Assigned SDS 1000 $59.00 $58,980.00  
01/21/08 Profit From Assignment SDS     $170.00 0.28%
01/22/08 Buy Shares DXD 1000 $60.61 -$60,620.00  
01/22/08 Sell 10 Contracts DXDBJ 10 $2.85 $2,832.00 4.67%
02/14/08 Sell 7 Contracts EEBCA 7 $1.30 $895.00 2.43%
02/19/08 Optoins Expire Worthless DXDBJ 10      
02/20/08 Sell 10 Contracts DXDCI 10 $2.00 $1,980.00 3.30%
03/31/08 Dividend DXD     $223.00 0.37%
04/10/08 Buy Shares QID 200 $46.74 -$9358.00  
04/10/08 Sell 2 Contracts QIDDU 2 $1.20 $230.00 2.50%
04/16/08 Sell 7 Contracts EEBEA 7 $1.10 $755.00 2.05%
04/19/08 QID Options Expire QIDDU 2      
06/03/08 Sell 10 Contracts DXDFE 10 $0.60 $582.00 1.00%
06/10/08 Buy Shares DDM 500 $71.95 -$35,985.00  
06/10/08 Sell 5 Contracts DMBFT 5 $2.05 $1,110.00 3.00%
06/21/08 Options Expire Worthless DMBFT 5 $0.00 Expired  
06/21/08 Shares Assigned DXD 1000 $57.00 $56,980.00  
06/21/08 Loss from Short Sale DXD 1000   $-3,640.00 -6.06%
06/24/08 Sell 2 Contracts QUIDGU 2 $0.75 $150.00 2.00%
06/25/08 Buy Shares SSO 200 $66.30 -$13,270.00  
06/25/08 Sell 2 Contracts SSOGO 2 $2.00 $388.00 3.00%
06/25/08 Sell 2 Contracts (Naked Puts) SSOSM 2 $1.65 $320.00 2.00%
07/16/08 Sell 2 Contracts (Naked Puts) SUCTC 2 $2.80 $550.00 5.00%
07/19/08 Options Expire Worthless QIDGU 2 N/A N/A N/A
07/19/08 Options Expire Worthless SSOGO 2 N/A N/A N/A
07/19/08 Naked Put Assigned SSOSM 2 $65.00 -$13,020.00  
07/22/08 Sell 2 Contracts QUIHU 2 $3.10 $608.00 7.00%
08/05/08 Buy 2 Contracts SUCTC 2 -$0.30 -$71.50 -0.4%
08/06/08 Buy 2 Contracts QIDHU 2 -$0.25 -$61.50 -0.3%
08/06/08 Sell 4 Contracts SSOIN 4 $1.60 $627.00 2.0%
08/11/08 Buy Shares SDS 500 $64.00 -$32,010.00  
08/11/08 Sell 5 Contracts SDSHL 5 $0.95 $461.00 1.0%
08/18/08 Options Expire Worthless SDSHL 5      
08/18/08 Sell 5 Contracts SDSIL 5 $3.00 $1,485.00 5.0%
09/04/08 Buy 4 Contracts SSOIN 4 $0.10 -$53.00 0.1%
09/04/08 Sell 2 Contracts QIDIS 2 $2.80 $548.00 6.0%
09/20/08 Options Assigned SDS 500 $64.00 $32,000.00  
09/20/08 Options Assigned QID 200 $45.00 $9,000.00  
09/20/08 Loss from assignment QID 200 -$1.75 -$350.00 -3.88%
10/09/08 Buy Shares OIH 400 $109.17 -$43,678.00  
10/09/08 Sell 4 Contracts OIHJV 4 $6.40 $2,545.00 6.00%
10/15/08 Buy 4 Contracts OIHJV 4 $0.73 -$305.00 -1.00%
             
Today Running Total       $13,622.50 50.45%


2007


As of the start of 2007, I held a position in SMH (1000 shares) purchased at $34.25. The following transactions are for the year 2007. Scroll down below to see transactions for 2006.

Power Account Transactions 2007

Date Activity Symbol Quantity Price Amount % Return
01/01/07 Current Holdings SMH 1000 $34.25 -$34,260.00  
01/22/07 Options Expire SMHAG        
02/02/07 Sel 10 Contracts SMHCG 10 $0.75 $732.00 2.14%
03/16/07 Options Expire SMHCG        
04/10/07 Sell 10 Contracts SMHEG 10 $0.70 $682.00 1.99%
05/18/07 Assigned SMHEG 1000 $35.00 $34,970.00  
05/18/07 Profit from assignment SMH     $710.00 2.07%
05/21/07 Buy Shares OIH 200 $170.00 -$34,010.00  
05/21/07 Sell 2 Contracts OIHFZ 2 $5.00 $980.00 2.88%
06/18/07 Assigned OIHFZ     $33,980.00  
06/18/07 Buy Shares USO 800 $52.00 -$41,610.00  
06/18/07 Sell 7 Contracts USOGZ 8 $1.70 $1,340.00 3.22%
07/23/07 Assigned USOGZ 800 $52.00 $41,580.00  
07/23/07 Loss from assignment USO     -$30.00 -0.07%
08/09/07 Buy Shares UNG 1000 $39.65 -$39,660.00  
08/09/07 Sell 10 Contracts UNGHN 10 $1.25 $1,230.00 3.10%
08/17/07 Assigned UNGHN 1000 $40.00 $39,980.00  
08/17/07 Profit from assignment UNGHN     $320.00 0.81%
08/20/07 Add Funds       $45,000.00  
09/29/07 Buy Shares DXD 700 $46.35 -$32,455.00  
09/29/07 Buy Shares SDS 600 $50.35 -$30,220.00  
10/02/07 Buy Shares DXD 700 $45.25 -$31,685.00  
10/15/07 Sell Shares DXD 1400 $46.32 $64,838.00 1.09%
10/17/07 Sell Shares SDS 600 $50.50 $30,290.00 0.23%
10/22/07 Buy Shares EEB 1000 $50.70 -$50,710.00  
10/22/07 Sell 10 Contracts EEBKY 10 $2.15 $2,132.00 4.20%
11/06/07 Buy Shares EWZ 500 $84.00 -$42,010.00  
11/06/07 Sell 5 Contracts EWZKQ 5 $2.45 $1,210.00 2.88%
11/17/07 Assigned EEBKY 1000 $51.00 $50,970.00  
11/17/07 Profit from assignment EEB     $260.00 0.51%
11/17/07 Options Expire EWZKQ        
11/29/07 Sell 5 Contracts EWZLQ 5 $2.00 $985.00 2.38%
12/10/07 Buy 5 Contracts EWZLQ 5 $3.00 -$1513.75 -3.60%
12/10/07 Sell 500 Shares EWZ 500 $84.92 $42,449.41  
12/10/07 Profit from Sale EWZ 500 $84.92 $439.00 1.04%
             
Today Running Total       $9,156.25 24.87%


2006


Power Account Transactions 2006

Date Activity Symbol Quantity Price Amount % Return
01/12/06 Buy Shares XLE 600 $54.68 -$32,818.00  
01/12/06 Sell 6 Contracts XBTAC 6 $0.70 $405.00 1.23%
01/23/06 Assigned XBTAC 600 $55.00 $32,968.00 0.46%
01/25/06 Buy Shares XLE 600 $56.94 -$34,174.00  
01/30/06 Sell 6 Contracts XBTBF 6 $1.50 $885.00 2.59%
02/07/06 Buy 6 Contracts XBTBF 6 $0.15 -$105.00  
04/11/06 Sell Shares XLE 600 $56.66 $33,986.00 -0.55%
04/13/06 Buy Shares SNDK 600 $61.91 -$37,156.00  
4/13/06 Sell 6 Contracts SWFDZ 6 $2.60 $1,545.00 4.16%
04/24/06 Options Expire SFDZ        
04/26/06 Sell Shares SNDK 600 $61.91 $37,136.00 -0.05%
04/28/06 Dividend XLE     $96.86  
05/11/06 Buy Shares EXPE 1900 $19.75 -$37,535.00  
05/11/06 Sell 19 Contracts UEDED 19 $0.95 $1,780.00 4.74%
05/22/06 Options Expire SWFDZ        
10/05/06 Buy Shares GDX 100 $34.25 -$3,435.00  
10/05/06 Sell 1 Contract GDXKI 1 $1.50 $140.00 4.08%
11/17/06 Assigned GDXKI 100 $35.00 $3,470.00 1.02%
12/08/06 Sell Shares EXPE 1900 $18.87 $35,843.00 -4.51%
12/08/06 Buy Shares SMH 1000 $34.25 -$34,260.00  
12/08/06 Sell 10 Contracts SMHAG 10 $0.85 $832.00 2.43%
             
12/31/06 TOTAL       $3,894.00 15.87%


Total Cash received from Covered Calls $5,654.50 in 2006. The total return on covered calls is 17* pct.*A special note, I had to unwind my Expedia positions because there were too many high yield ETF covered calls out there and EXPE was taking too long to recover. Overall I still made a small profit on Expedia but my total (adjusted) return for the year is ~15 percent.