ROLL: BG Apr 100/Jan 120

Rolled on 12/13/07

I am also rolling BG as well as HRS today (see my notes on my roll on HRS for Jan)....I switched to keeping just a paper journal for a few weeks to see if it was easier than online. I have realized that it is much more organized online and great for accountability. This is why I have several older trades from the end of Dec and early Jan that I am posting today on 1/8/08.

Since it's a week away from expiration, I am rolling to the next month by buying back my Dec 125 and selling Jan 120 call. The stock is still maintaining a bullish to neutral trend overall and it appears that it tested the 50 day moving average (green on chart). I am still keeping the Apr 100 as it is deep ITM.

My original cost basis was $23.40
I bought back the Dec 125 for $0.40 and sold the Jan 60 for $4.55

New credit= $4.15
New adjusted cost basis= $23.40- $4.15= $19.25

Max Profit:
If not called out: 4.15/23.40 (orig. cost basis) = 17.7% ROI
If called out: (20 (diff. between strikes)- 19.25(adj. cost basis))/19.25= 3.9% ROI

Max Loss:
New stop loss set to $15.40 per share on 12/13/07 (20% of adj. cost basis)