One of the “oldest” earnings trades that I still have on is the trade in $VFC from 10/23/2012. I am long the stock but have had to do several option trades to lower the cost basis, protect the position along the way. I did a trade update here.

I spent some time doing some analysis this morning, updating my Trading Journal, and thought I would share the specifics here on what has transpired up to this point:

These are all the option pieces that I have sold or bought including the exit on each piece. A few of them expired worthless allowing me to keep the premium collected.

At the moment, the only open option piece is a short December 160 Call – a covered call on the long stock position. The stock is currently trading around $160 so this position has potential to be capped once above the 162.70 level.