Update Transaction - Direxion Financial Bull 3x (FAS)

After a complete bashing of FAS today I bought back the July $11 call I had sold last week, and plan to sell a new $11 call once the ETF rebounds a bit. I am aiming for about $.65-.75 for the new option premium for July. The new profit/loss projections are below:

4/17/2009 -- Bought 100 FAS @ 9.745
4/17/2009 -- Sold To Open 1 FAS May $8 Call @ 2.65

5/7/2009 – Bought To Close 1 FAS May $8 Call @ 3.55

5/7/2009 – Sold To Open 1 FAS May $10 Call @ 1.95

5/15/2009 – May $9 Call Expired

5/18/2009 – Sold To Open 1 FAS June $11 Call @ 0.95
6/15/2009 -- Bought To Close 1 FAS June $11 Call @ 0.25
6/15/2009 -- Sold To Open 1 FAS July $11 Call @ 0.90
6/22/2009 -- Bought To Close 1 FAS July $11 Call @ 0.35


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $974.50


Downside Coverage From Current Price (8.10): 8.2%
Possible Max Upside: Unlimited

Annualized Max Upside: Unlimited