Today I decided to close my position in WFR after making essentially all the money that I could in the position. I think that there is likely still a lot of potential for this stock, and I may re-enter if it goes back down to the $14-18 range that I have purchased it in the previous two times. I think it is always important to keep track of stocks which you have held positions in before, because you may want to get back in if the fundamentals change, or the price drops for no reason, as I believed it did when I got back into this stock this month. The profit info is below:
5/18/2009 -- Bought 100 WFR @ 16.65
5/18/2009 -- Sold To Open 1 WFR June $17.5 Call @ 0.91
5/18/2009 -- Bought 100 WFR @ 16.65
5/18/2009 -- Sold To Open 1 WFR June $17.5 Call @ 0.91
6/6/2009 -- Bought To Close 1 WFR June $17.5 Call @ 3.05
6/6/2009 -- Sold 100 WFR @ 20.27
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1574.00
Realized Upside: 9.4%
Annualized Max Upside: 180.63%
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1574.00
Realized Upside: 9.4%
Annualized Max Upside: 180.63%
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