Wednesday, December 2, 2009

Update Transaction - United States Natural Gas (UNG)

The protective put purchased in November was sold for a small profit. The new profit/loss info is below:

6/11/2009 -- Bought 100 UNG @ 14.50
6/11/2009 -- Sold To Open 1 UNG July $15 Call @ 0.97
7/6/2009 -- Bought To Close 1 UNG July $15 Call @ 0.15
7/17/2009 -- Sold To Open 1 UNG August $15 Call @ 0.45
8/22/2009 -- Call Expired
8/28/2009 -- Bought To Open 1 UNG October $10 Put @ 0.65
9/1/2009 -- Sold To Open 1 UNG January $14 Call @ 0.50
9/2/2009 -- Sold To Close 1 UNG October $10 Put @ 0.95
11/6/2009 -- Bought To Close 1 UNG January $14 Call @ 0.18
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
12/2/2009 -- Sold To Close 1 UNG December $9 Put @ 0.47

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1353.00
Current Cost Average: $12.55

Possible Max Upside: N/A

Annualized Max Upside: N/A

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