Wednesday, December 2, 2009

Update Transaction - Gamestop (GME)

The call sold on GME was bought back with the belief GME will rebound in the next few days and allow a new call to be sold. The new profit/loss info is below:

11/16/2009 -- Bought 100 GME @ 24.35
11/16/2009 -- Sold To Open 1 GME December $24 Call @ 1.42
12/2/2009 -- Bought To Close 1 GME December $24 Call @ 0.20


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2293.00
Current Cost Average: $23.13
Commissions (Included In Cost): $10



Downside Coverage: None
Possible Max Upside: N/A

Annualized Max Upside: N/A

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