Update Transaction - Intrepid Potash (IPI) (10/1/2009)

After a large decline in the price of Intrepid Potash I decided to buy back the October call in case the price of Intrepid Potash greatly recovered as the expiration date grew closer. I plan to resell the $27 call if the price of IPI recovers. If not, I will most likely sell a November call. The new profit/loss info is below:

7/30/2009 -- Bought 100 IPI @ 26.70
7/30/2009 -- Sold To Open 1 IPI $27 August Call @ 1.54
7/30/2009 -- Bought To Open 1 IPI $22 August Put @ 0.45
8/21/2009 -- Call Expired
8/24/2009 -- Sold To Open 1 IPI $28 September Call @ 0.7
8/26/2009 -- Bought To Open 1 IPI $21 September Put @ 0.25
8/31/2009 -- Bought To Close 1 IPI $28 September Call @ 0.10
8/31/2009 -- Sold To Open 1 IPI $27 October Call @ 0.50
10/1/2009 -- Bought To Close 1 IPI $27 October Call @ 0.70

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2561.00
Current Cost Average: $24.86

Possible Max Upside: N/A

Annualized Max Upside: N/A