Tuesday, December 8, 2009

Update Transaction - Fluor (FLR)

I decided to sell a call on FLR even though it will result in a slight loss, as the stock has fallen below the $40 mark recently. The profit/loss info is below:

10/7/2009 -- Bought 100 FLR @ 47.07
10/7/2009 -- Sold To Open 1 FLR November $50 Call @ 1.70
11/20/2009 -- Call Expired
11/23/2009 -- Sold To Open 1 FLR December $45 Call @ 0.7
11/25/2009 -- Bought To Close 1 FLR December $45 Call @ 1.15
12/2/2009 -- Dividend @ 0.13
12/8/2009 -- Sold To Open 1 FLR January $45 Call @ 0.65

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $4582.00
Current Cost Average: $45.04
Commissions (included in cost): $20

Potential Gain: -0.20%

Potential Annualized Gain If Called At Expiration: -0.71%

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