Today I decided to close out this position due to a continued decrease in share price, and my belief that the funds from the sale could be used better elsewhere. Continued discussion of the health care plan coming before congress will continue to drag on this stock, as it is heavily dependent on medicare subsidies and other income from government entitlements. My total profit in the end was miniscule, but technically was still above the highest savings account rate that one could get, so overall I would say it wasn't that bad. The final profit/loss info is below:
4/27/2009 -- Bought 100 OCR @ 26.465
4/27/2009 -- Sold To Open 1 OCR May $27.50 Call @ 1.25
5/15/2009 -- Call Option Expired
5/19/2009 -- Sold To Open 1 OCR June $27.5 Call @ 0.95
6/6/2009 -- Bought To Close 1 OCR June $27.5 Call @ 0.15
6/9/2009 -- Sold To Open 1 OCR June $25 Call @ 0.45
6/12/2009 -- Dividend Payment @ 0.0225
6/16/2009 -- Bought To Close 1 OCR June $25 Call @ 0.22
6/16/2009 -- Sold 100 OCR @ 24.07
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2646.50
Total Profit:0.43%
Annualized Total Profit: 3.11%
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