Wednesday, February 10, 2010

Update Transaction - J.C. Penney (JCP)

Position rolled forward to March. 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
2/10/2010 -- Bought To Close 1 JCP February $26 Call @ 0.2101
2/10/2010 -- Sold To Open 1 JCP March $26 Call @ 0.6399


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2482.00
Current Cost Average: $24.3902
Commissions (Included In Cost): $4

Potential Annualized Gain If Called At Expiration (3/20/2010): 39.88%

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