Thursday, February 22, 2007

GMR - US Buy Options written

Bought GMR-N General Maritime225 @ $43.50

+ Sold 2 lots Sept 07 $30 calls for $13.40

Good Tanker Stock

$15 special div in mar 07 – ex div = 9th Mar

200 shares will probably be called – if not I will get a big discount!

If price comes down may be worth buying calls to exercise on 8th Mar

Contract = (GMR-N) General Maritime  aug07 30 Call
Exchange = Chicago Board Options Exchange (Agent)
Currency = USD
Type = Sell to Open
Quantity = 2
Price = $13.4

Gross = $2,680.00cr
Net = $2,660.00cr

Exchange = New York Stock Exchange (Agent)
Currency = USD
Type = Buy to Open
Buy 225 General Maritime @ $43.5
Quantity = 225

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