After a lackluster earnings report (which was pre-announced) MFLX took a hit, as a result I decided to buy a protective put after a similar situation occurred on my ABFS position. The profit/loss info is below:
1/15/2010 -- Sold To Open 1 MFLX February $25.00 Put @ 1.2324
2/5/2010 -- Bought To Open 1 MFLX February $20 Put @ 0.4101
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: N/A
Potential Gain If Not Assigned At Expiration: 3.46%
Potential Annualized Gain If Not Assigned At Expiration: 35.08%
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