Thursday, January 7, 2010

Closing Transaction - Suncor (SU)

The position in Suncor was closed today as the stock had risen so much that there was almost no time premium remaining. The profit/loss info is below:

12/22/2009 -- Bought 100 SU @ 33.92
12/22/2009 -- Sold To Open 1 SU January $34 Call @ 1.0924
1/7/2010 -- Bought To Close 1 SU January $34 Call @ 3.1375
1/7/2010 -- Sold 100 SU @ 37.039



The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3282.76
Commissions (Included In Cost): $7.50

Total Profit: 3.27%

Annualized Profit: 74.63%

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