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Sunday, August 23, 2009

Closing Transaction - Alpha Natural Resources (ANR) (8/13/2009)

As the market has improved, ANR has skyrocketed to the point where there was essentially no time premium left on it. As a result I decided to exit the position early in order to get some more cash, and also lock in my gains so as to protect myself in case of a pullback. The final profit/loss info is 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
5/22/2009 -- Sold To Open 1 ANR June $27.50 Call @ 1.45
5/27/2009 -- Bought To Close 1 ANR $27.50 Call @ 2.18
5/27/2009 -- Sold To Open 1 ANR $30 June Call @ 1.09
6/16/2009 -- Bought To Close 1 ANR $30 June Call @ 0.15
6/16/2009 -- Bought To Open 1 ANR $20 June Put @ 0.5
6/25/2009 -- Sold To Open 1 ANR $30 August Call @ 1.90
7/6/2009 -- Bought To Close 1 ANR $30 August Call @ 0.5
7/9/2009 -- Sold To Open 1 ANR $30 August Call @ 0.75
7/28/2009 -- Bought To Open 1 ANR $27.5 August Put @ 0.60
8/13/2009 -- Call Bought - Stock Sold @ 29.90


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

Final Upside: 8.29%

Annualized Max Upside: 35.62%

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