MDT - Adjustment

The following adjustment was made today on MDT:

21-May-07 - Continued Trade - STO 1 Jun07 52.50 Call @ 0.59 -

Current Position Summary:

Stock Investment: $5,272.00
Income Generated: $78.00
Percent Income Generated: 1.48%
Net Profit If Called: $56.00
Percent Return If Called: 1.06%
Annualized Return If Called: 7.32%
Days to Expiration: 53 days

Trade History:

23-Apr-07 - Initial Stock Position - BTO 100 MDT @ 52.72 - VICC
23-Apr-07 - Continued Trade - STO 1 May07 55.00 Call @ 0.19 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 52.50 Call @ 0.59 -

Note that as a VICC position the primary objective is capital appreciation. The stock will be held long term until it reaches or surpasses it's fair value. Front month OTM call options are sold to bring in a small amount of income while waiting for the stock to appreciate. The calls are sold far enough OTM to avoid assignment and the need to make any mid-month adjustments.