ALL - Open Position


Written on December 4, 2008 – 8:14 pm | by admin

On 11/26 I opened a 100 share position in ALL

Buy: 100 @ $22.90 ($7.00 commission)
Initial Investment: $2297
Sold: $17.50 strike @ $6.60 ( $8.26 commission)
Net Investment: $1645.26
Expected Return: 5.39%

Selling this call will put me into the position in at 16.61 should the option expire worthless.  This level is below the 52 week low level.  I feel there is a decent chance of this getting called away.

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