A position in General Electric was established on March 23, 2009. This is essentially a continuation of the position that was held last month, restarted after the previous options expired. As opposed to the previous month, this call was established out of the money.
3/23/2009 -- Bought 100 GE @ 10.185
3/23/2009 -- Sold To Open 1 GE April $11 Call @ 0.47
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1018.50
Downside Coverage: 4.61%
Possible Max Upside: 12.76%
Annualized Max Upside: 153.17%
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