ALL - Open Position

Written on December 4, 2008 – 8:18 pm | by admin

On 12/3 I opened another 100 share position in ALL

Buy: 100 @ $22.195 ($7.00 commission)
Initial Investment: $2226.50
Sold: $17.50 strike @ $5.60 ( $8.26 commission)
Net Investment: $1674.76
Expected Return: 3.55%

Selling this call will put me into the position in at 16.90 should the option expire worthless.  As before, this level is below the 52 week low level by almost a dollar.  Also, the market has acted decent after the sell-off on Monday.  Friday’s unemployment number will be important as I believe that could give the direction of the market for the rest of the month.


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