TBT - Update Position


Written on January 20, 2009 – 8:58 am | by admin

I had a limit order in to sell Feb $42 calls @ $2 each.  Somehow it hit this morning and I got it off.  That premium really gives my position a kick in the pants (annual percentage wise).

Purchased: 100 @ 42.50
Initial Option Income: $1.40
Feb Option Income: $2.00
Other Option Income: $0.00
Expected Return: 6.08% (42.52% annually)
* All return after buy and sell commissions

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