GGC - Adjustment

The following adjustment was made today on GGC:

02-Nov-07 - Buy Back & Roll Down - BTC 1 Nov07 20.00 Call @ -0.06 -
02-Nov-07 - Dollar Cost Averaging - BTO 200 GGC @ 11.08 -
02-Nov-07 - Combined Cost Basis - $4,269.00 300 @ 14.23 -
02-Nov-07 - Interim Trade - STO 3 Dec07 12.50 Call @ 0.39 -

Current Position Summary:

Stock Investment: $4,269.00
Income Generated: $516.90
Percent Income Generated: 12.11%
Annualized Income Generated: 14.59%
Net Profit If Called: -$2.10
Percent Return If Called: -0.05%
Annualized Return If Called: -0.06%
Days to Expiration: 303 days

Trade History:

21-Feb-07 - Initial Stock Position - BTO 100 GGC @ 20.54 -
21-Feb-07 - Initial Call Option - STO 1 May07 20.00 Call @ 2.13 - Expired
10-Apr-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
21-May-07 - Continued Trade - STO 1 Jun07 20.00 Call @ 0.29 - Expired
19-Jun-07 - Continued Trade - STO 1 Nov07 20.00 Call @ 1.39 - Closed
10-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
10-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.08 -
02-Nov-07 - Buy Back & Roll Down - BTC 1 Nov07 20.00 Call @ -0.06 -
02-Nov-07 - Dollar Cost Averaging - BTO 200 GGC @ 11.08 -
02-Nov-07 - Combined Cost Basis - $4,269.00 300 @ 14.23 -
02-Nov-07 - Interim Trade - STO 3 Dec07 12.50 Call @ 0.39 -

GGC is down about 46% from my original purchase price. Since I still like this company I decided to average down and buy an additional 200 shares, which still keeps me within my 5% position limit. By averaging down I reduced my cost basis in the stock from 20.54 to 14.23 (31%), so the stock is now down only 22%, instead of 46%. I sold a Dec 12.50 call, which is an interim trade, meaning it would result in a minor loss if called. My overall cost basis, including option premiums, dividends, and commissions, is now only $12.51.