Sunday, July 20, 2008

FDO - Closed

The FDO Jul08 22.50 Call was exercised on Fri and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

Covered Call Results

Stock Investment: $2,137.00
Income Generated: $112.50
Net Profit: $225.50
Percent Return: 10.55%
Annualized Return: 64.19%
Duration of Trade: 60 days

Buy & Hold Comparison

Opening Price: $21.37
Closing Price: $23.80
P/L per Share: $2.43
Shares: 100
Dividends: $12.50
Net Profit: $255.50
Percent Return: 11.96%
Annualized Return: 72.73%
Duration of Trade: 60 days

Trade History:

19-May-08 - Initial Stock Position - BTO 100 FDO @ 21.37 -
19-May-08 - Initial Call Option - STO 1 Jul08 22.50 Call @ 1.00 -
15-Jul-08 - Dividend Received - DIV 100 Dividend @ 0.13 -
18-Jul-08 - Option Exercised - EX 1 Jul08 22.50 Call @ 22.50 - Exercised