MCO - New Position

A new position was established today on MCO. The following is the trade information, including IB commissions:

28-Jun-07 - Initial Stock Position - BTO 100 MCO @ 62.41
28-Jun-07 - Initial Call Option - STO 1 Jul07 60.00 Call @ 3.49

Stock Investment: $6,241.00
Income Generated: $349.00
Percent Income Generated: 5.59%
Annualized Income Generated: 92.78%
Net Profit If Called: $108.00
Percent Return If Called: 1.73%
Annualized Return If Called: 28.71%
Days to Expiration: 22 days

This is a short-term position using my new criteria of 24% annualized return if called or not called. The position has only 22 days before expiration. It's about 4% ITM with downside protection of 5.59% (92.78% annualized) and an annualized return if called of 28.71%. Not bad for a short-term position in a solid company.