ATLANTIC RICHFIELD CO.
Company Profile
ARCO is an oil and gas company
with major operations in the
United States, Latin America, Asia, Europe and the Middle East.
Corporate activities
include the worldwide exploration, development, production,
transportation and refining of petroleum, including gasoline and
natural gas liquids.
ARCO Products, the marketing and refining division
of the Atlantic Richfield Company, operates the
am/pm convenience stores in conjunction with
some of the ARCO retail gasoline stations.
This stock was used as the underlying security for the
sale of a covered call option.
Acquisition Costs
date:
Aug. 20, 1998
| Buy |
|
100 Shares @ 66 15/16 |
|
ARC
|
|
ATLANTIC RICHFIELD CO. |
|
$6,693.75 |
|
|
|
|
|
|
Commission |
|
$25.00 |
|
|
|
|
|
|
TOTAL |
|
$6,718.75 |
Net Profit
Sale Date: Oct. 19, 1998
|
|
|
|
|
|
|
Net proceeds from the sale. |
|
$6,955.51 |
|
|
|
|
|
|
Less
acquisition costs = net profit before taxes |
|
$236.76 |
|
|
|
|
|
|
Less Estimated Taxes
@ 28% |
|
$66.30 |
|
|
|
|
|
|
Net Profit
|
|
$170.46 |
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