CNI - Adjustment

The following adjustment was made today on Canadian National Railway (CNI):

02-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 40.00 Call @ -5.04 -
02-Jun-09 - Interim Trade - STO 1 Jul09 40.00 Call @ 5.56 -
30-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.25 -

Ex-dividend date for CNI is 6/4 and they will pay a $0.25/share dividend on 6/30. The Jun09 40 call was ITM with less than $0.25 time value remaining and was therefore in danger of an early exercise to capture the dividend. So, I rolled it out to a Jul09 40 Call for a net credit of $52 plus the $25 for the dividend for a total credit of $77.

Current Position Summary:

Stock Investment: $5,201.00
Income Generated: $1,011.42
Percent Income Generated: 19.45%
Annualized Income Generated: 23.90%
Net Profit If Called: -$189.58
Percent Return If Called: -3.65%
Annualized Return If Called: -4.48%
Days Held to Expiration: 297 days

Trade History:

23-Sep-08 - Initial Stock Position - BTO 100 CNI @ 52.01 -
23-Sep-08 - Initial Call Option - STO 1 Oct08 50.00 Call @ 3.19 - Expired
30-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.22 -
30-Sep-08 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
20-Oct-08 - Interim Trade - STO 1 Nov08 45.00 Call @ 1.04 - Expired
24-Nov-08 - Interim Trade - STO 1 Dec08 40.00 Call @ 0.46 - Expired
22-Dec-08 - Interim Trade - STO 1 Jan09 40.00 Call @ 0.24 - Expired
31-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.19 -
31-Dec-08 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
23-Jan-09 - Interim Trade - STO 1 Feb09 35.00 Call @ 1.29 - Expired
24-Feb-09 - Interim Trade - STO 1 Mar09 35.00 Call @ 0.64 - Expired
24-Mar-09 - Interim Trade - STO 1 May09 40.00 Call @ 1.14 - Closed
31-Mar-09 - Dividend Received - DIV 100 Dividend @ 0.20 -
31-Mar-09 - Withholding Tax - TAX 1 CA Tax @ -0.03 -
04-May-09 - Buy Back and Roll Out - BTC 1 May09 40.00 Call @ -3.66 -
04-May-09 - Interim Trade - STO 1 Jun09 40.00 Call @ 4.49 - Closed
02-Jun-09 - Buy Back and Roll Out - BTC 1 Jun09 40.00 Call @ -5.04 -
02-Jun-09 - Interim Trade - STO 1 Jul09 40.00 Call @ 5.56 -
30-Jun-09 - Dividend Received - DIV 100 Dividend @ 0.25 -