I don't believe GME will rebound any time soon now, and so I will sell a new call. 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
12/4/2009 -- Sold To Open 1 GME January $24 Call @ 0.30
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: $22.83
Commissions (Included In Cost): $15
Downside Coverage: None
Possible Max Upside: 4.88%
Annualized Max Upside: 29.23%
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