Friday, August 22, 2008

WFC - New Position

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

22-Aug-08 - Initial Stock Position - BTO 100 WFC @ 29.20
22-Aug-08 - Initial Call Option - STO 1 Sep08 29.00 Call @ 1.65

Stock Investment: $2,920.00
Income Generated: $165.00
Percent Income Generated: 5.65%
Annualized Income Generated: 73.66%
Net Profit If Called: $145.00
Percent Return If Called: 4.97%
Annualized Return If Called: 64.73%
Days Held to Expiration: 28 days