Today I closed out my position in CSX. I still feel that this stock is a good long term holding, but my profit was essentially maxed out, and I think the market is still due for a pull back, I may try to jump back into the stock around $32. The final purchase metrics are below:
5/27/2009 -- Bought 100 CSX @ 29.715
5/27/2009 -- Sold To Open 1 CSX June $30 Call @ 1.28
5/27/2009 -- Bought To Open 1 CSX June $26 Put @ 0.45
6/9/2009 -- Bought To Close 1 CSX June $30 Call @5.68
6/9/2009 -- Sold 100 CSX @ 35.49
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2971.50
Final Upside: 3.2%
Annualized Max Upside: 89.91%
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