Another position in Direxion Financial Bull 3x Shares was established on April 9, 2009. This ETF returns 300% of the Russell 1000 Financial services index.
4/9/2009 -- Bought 100 FAS @ 7.835
4/9/2009 -- Sold To Open 1 FAS May $8 Call @ 1.45
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $783.50
Downside Coverage: 18.5%
Possible Max Upside: 24.6%
Annualized Max Upside: 242.6%
Thursday, April 9, 2009
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