Wednesday, August 5, 2009

Closing Transaction - Mack-Cali Realty (CLI)

Unfortunately, I had very bad timing in the case of Mack-Cali Realty, in that I sold a call right before the stock decided to jump 35% in three weeks. As a result my remaining positions were both heavily in the money, and I decided to close them out early to free up some cash. The final profit/loss info is below:

Various -- Bought 100 CLI @ 22.90
2/23/2009 -- Sold To Open 1 CLI July $25 Call @ 0.4592
3/6/2009 -- Bought To Close 1 CLI July $25 Call @ 0.1408
4/1/2009 – CLI Dividend @ .45
4/9/2009 – Sold To Open 1 CLI July $25 Call @ 2.1426
4/24/2009 -- Bought To Close 1 CLI July $25 Call @ 4.9474
4/24/2009 -- Sold To Open 1 CLI June $30 Call @ 1.9325
5/7/2009 -- Bought To Close 1 CLI June $30 Call @ 0.60
5/7/2009 -- Sold To Open 1 CLI June $25 Call @ 1.5926
6/11/2009 -- Bought To Close 1 CLI June $25 Call @ 0.25
7/1/2009 - Dividend @ .45
7/16/2009 - Sold To Open 1 CLI August $25 Call @ 0.9925
8/5/2009 - Bought To Close/Sold 100 CLI @ 24.7019


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2290.00


Final Profit: 27.26%

Annualized Max Upside: 61.42%

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