9/21
SPY -$39,387.00
hedge $4,020.36
Net for this trade:
-$35,366.64 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
————————
-$26,519.70
Today is the ex div date. The dividend is $0.6249. With 5,700 shares that is about $3561.93, payable on 10/31/2011. I’m going to include this in the totals since I will be paid even if I sell my position before then.
9/16
SPY -$10,602.00
hedge $1,897.23
Net for this trade
-$8,704.77 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
————————
$142.17
Net positive right now even tho SPY is -$10k.
9/15
SPY -$12,027.00
hedge $2,237.40
Net for this trade
-$9,789.60 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$4,504.59
I think tomorrow is ex-div day.
The hedge is getting smaller. I may close it if it gets down to $1,000. It would’ve been cool to close it at +$6,000 or +$4,000 but I have no idea where price is going and I didn’t want to close it too early. The hedge is just a bonus, though. Whether it’s +$1,000 or +$6,000, that’s still extra money.
The next div date is Friday, 9/16.
The average SPY dividend this year so far has been $0.59. If that is the value of the next dividend then I will get a payment of $3,363 to be added to the net total of this trade.
SPY -$39,159.00
hedge $4,325.34
Net for this trade :
+-$34,833.66 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$29,548.65
I haven’t been updating every day because it’s just kind of been going back and forth:
9/7:
SPY -$18,525.00
hedge $2,800.44
Net for this trade
-$15,724.56 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$10,439.55
back and forth
8/30:
SPY -$10,602.00
hedge $2,284.32
Net for this trade:
-$8,317.68 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$3,032.67
8/23:
I haven’t closed anything out so I haven’t taken any losses, much less “crushing” ones. In fact, while I’m currently drawn down about $40k, it’s really only $30k because of my hedge, dividends, and previously closed hedge positions.
When this trade gets closed, it will likely be in the low to mid 5 figure range of profit.
Maybe you’re confused by how I’m keeping track of everything.
Let me break it down for you:
SPY -$40,470.00 <— this is the current drawdown of the open position
hedge $4,688.97 <—- this is the current gain/loss of the open hedge
Net for this trade:
-$35,781.03 (unrealized) <— this is the sum of the two above
+$1,223.60 (realized) <— this is locked in profits from part of the hedge I closed before
+$2,931.69 (realized) <— this is locked in profits from part of the hedge I closed before
+$1,129.72 (dividend) <— this is locked in profits from the SPY dividend I was paid
————————
-$30,496.02 <— this is the current P/L of the open position. It is the sum of the SPY position + the hedge + all the locked in gains above. It is my current draw down on the position.
8/18:
SPY -$51,471.00
hedge $5,615.64
Net for this trade
-$45,855.36 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$40,570.35
8/16:
SPY: -$22,515.00
hedge $3,469.05
Net for this trade:
-$19,045.95 (unrealized)
$1,223.60 (realized)
$2,931.69 (realized)
$1,129.72 (dividend)
————————
-$13,760.94
8/12:
SPY -$30,894.00
hedge $4,149.39
Net for this trade
-$26,744.61 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
————————
-$21,459.60