TIP - New Position

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

23-Oct-08 - Initial Stock Position - BTO 100 TIP @ 97.24
23-Oct-08 - Initial Call Option - STO 1 Nov08 98.00 Call @ 0.84
03-Nov-08 - Dividend Received - DIV 100 Dividend @ 0.80 - Approx.

Summary without the dividend if called early on Ex-Dividend date:

Stock Investment: $9,724.00
Income Generated: $84.00
Percent Income Generated: 0.86%
Annualized Income Generated: 28.66%
Net Profit If Called: $160.00
Percent Return If Called: 1.65%
Annualized Return If Called: 54.60%
Days Held to Ex-Dividend Date: 11 days

Summary with the dividend if called at option expiration:

Stock Investment: $9,724.00
Income Generated: $164.00
Percent Income Generated: 1.69%
Annualized Income Generated: 21.23%
Net Profit If Called: $240.00
Percent Return If Called: 2.47%
Annualized Return If Called: 31.06%
Days Held to Expiration: 29 days

Dividend Information:

Ex-Dividend Date: 11/03/08 approx.
Dividend Pay Date: 11/05/08 approx.
Dividend Rate: $9.60 approx.
Dividend Yield on Cost: 9.87% approx.