Thursday, January 21, 2010

Update Transaction - Gamestop (GME)

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
1/15/2010 -- Call Expired
1/21/2010 -- Sold To Open 1 GME April $23 Call @ 0.55


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: $22.28
Commissions (Included In Cost): $20

Downside Coverage: None

Possible Max Upside: 2.92%

Annualized Max Upside: 7.02%

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