Today I closed the following transaction for a profit in a taxable account:
02/27/2012 STO 4 WAG Mar 17 2012 32 Puts @.23 78.99
03/06/2012 BTC 4 WAG Mar 17 2012 32 Puts @.3 -133.00
03/06/2012 STO 4 WAG Apr 21 2012 31 Puts @.7 276.94
03/27/2012 BTC 4 WAG Apr 21 2012 31 Puts @.05 -20.04
Walgreen's didn't collapse after losing the Express Scripts deal so these puts lost all their value. I took the opportunity to close the position without a commission. We made $202.89 in 31 days on ~$1700 in margin maintenance. This equates to a return on maintenance of 11.93% or 140.46% annual. The returns are inflated as there was a quarterly report looming and fear from the Express Scripts deal.
Great stock again.
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