Initial Transaction - General Electric (GE)

An initial position was re-established in General Electric, a large conglomerate on April 21, 2009. This position was established due to this investor's opinion that on a long-term basis, GE is still a good play, and still yields about 3% even after the massive dividend cut. The purchase info is below:

4/21/2009 -- Bought 100 GE @ 11.725
4/21/2009 -- Sold To Open 1 GE May $12 Call @ 0.6


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1172.50

Important Purchase Metrics:

Downside Coverage: 5.1%
Possible Max Upside: 7.46%

Annualized Max Upside: 108.93%