Monday, November 30, 2009

Initial Transaction - Marathon Oil (MRO)

This is a new position being established in Marathon Oil, an integrated oil/gas company which currently yields a bit higher than 3%. The profit/loss info is below:

11/30/2009 -- Bought 100 MRO @ 32.64
11/30/2009 -- Sold To Open 1 MRO December $33 Call @ 0.71


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3193.00
Commissions (Included In Cost): $5


Downside Coverage (from current price of $32.64): 2.2%
Possible Max Upside: 3.09%

Annualized Max Upside: 59.38%

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