AA - Open Position
Written on January 5, 2009 – 9:00 am | by admin
Today I opened a position in AA. I entered the buy/write transaction on Friday and didn’t get filled. I got filled this morning. The details:
Buy: 200 @ $11.67 ($0 commission)
Initial Investment: $2334
Sold: $10 strike @ $1.95 ( $5.50 commission)
Net Investment: $1949.50
Expected Return: 2.30%
I am ok with holding this for a while as I don’t see the largest Aluminum producer going out of business. They also have a $0.17 dividend next month (or 1.74% on my cost basis) should I still hang on to it.
Tags: AA
