I decided to close out this position, as it had basically reached its max profit level, and there was very little time value left. The stock catapulted a few months ago after news it would be taking over part of another banks operations which was going under. The final profit/loss info is below:
11/16/2009 -- Bought 100 NYB @ 11.48
11/16/2009 -- Sold To Open 1 NYB April $12 Call @ 0.55
1/11/2010 -- Bought To Close 1 NYB April $12 Call/Sold 100 NYB @ $11.89
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1093.00
Commissions (Included In Cost): $10
Final Absolute Gain: 8.78%
Final Annualized Gain: 57.25%
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