Update Transaction - Alpha Natural Resources (ANR)

After quite the downward spiral in ANR over the past two days, I bought back the call I had sold at a strike or $32.50. Generally, the friday before a three day weekend tends to be an up day, and so I am hoping to sell another call if ANR rebounds a bit tomorrow. The new purchase metrics are below:

5/20/2009 -- Bought 100 ANR @ 29.26
5/20/2009 -- Sold To Open 1 ANR June $32.50 Call @ 1.24
5/20/2009 -- Bought To Open 1 ANR June $20 Put @ .3
5/21/2009 -- Bought To Close 1 ANR June $32.50 Call @ .55


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2926.00


Downside Coverage: Put with Strike of $20
Possible Max Upside: Unlimited

Annualized Max Upside: Unlimited