PFE has been a dog for me this year! In fact, I owned either the stock or the puts for close on 2 years. Here are the stats before tax.
- Cumulative Loss on 100 shares: $-769.14
- Cumulative Gain on Puts/Calls: $730.00
- Cumulative Dividends: $240.00
- Less Dividends Taxed @ 30%: $72.00
- Less Trade Costs: $-37.02
Net Gain: $91.84 or 1.02%pa! LOL!
I played this stock for a while with a CC, before I really understood what I was trying to do. I owned it or had positions in it for 2 years. On 100 stocks (1xCC) in various contracts, I walked away with a net profit before tax of $129.
In the end, after getting put at 50 and watching it go it all the way to 65. I had to exit it at 43 in January 23, because the chart just looked depressing. If I had waited, I could have probably exited at a higher price… but I didn’t wait as I reckoned it didn’t look like the stock was going to recover.
I can’t believe it’s now trading where it is. The dividends were nice, but they didn’t make up for the underperformance. But what do I know?
So I checked a little into its history. If you’d bought June 2, 1972 just 100 shares… they’d now have cost you 80c each, and you’d have earned $207 in dividends plus $2650 in the current value. That’s impressive growth. But has the growth phase ended?