A position in Direxion Large Cap Bull 3x Shares was established on March 24, 2009. This ETF returns 300% of the Russell 1000 index.
3/24/2009 -- Bought 100 BGU @ 25.395
3/24/2009 -- Sold To Open 1 BGU April $29 Call @ 1.20
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2539.50
Downside Coverage: 4.7%
Possible Max Upside: 19.9%
Annualized Max Upside: 238.3%
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