I'm a strong believer in investing what you know, and one thing I know from going up in Buffalo, NY is that everyone loves Buffalo wings. So I decided to put my money where my mouth is (no pun intended) and invest in B Dubya 3's (i.e. BWLD). The new profit/loss info is below:
1/7/2009 -- Bought 100 BWLD @ 39.65
1/7/2009 -- Sold To Open 1 BWLD February $40 Call @ 2.06
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3759.00
Commissions (Included In Cost): $6.75
Downside Coverage (from current price of $39.65): 5.2%
Potential Annualized Gain If Called At Expiration (2/20/2010): 47.91%
I grew up in Buffalo too. Used to eat wings at the Anchor Bar where they were invented. I enjoy your blog and hope you'll pass on my website, http://www.safe-options-trading-income.com/, to your readership. Good trading!
ReplyDeleteMichael
Michael,
ReplyDeleteWould be glad to add your site to my blog list, would be much obliged if you would do the same.
Best,
Jacob