This is a new position in J.C. Penney. The new profit/loss info is below:
1/20/2010 -- Bought 100 JCP @ 25.86
1/20/2010 -- Sold To Open 1 JCP February $26 Call @ 1.04
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2482.00
Commissions (Included In Cost): $2
Downside Coverage (from current price of $25.86): 4.50%
Potential Annualized Gain If Called At Expiration (2/20/2010): 52.98%
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