WFMI - Adjustment

The following adjustment was made today on WFMI:

20-Aug-07 - Continued Trade - STO 2 Sep07 50.00 Call @ 0.20 -

Current Position Summary:

Stock Investment: $8,563.00
Income Generated: $239.00
Percent Income Generated: 2.79%
Annualized Income Generated: 6.75%
Net Profit If Called: $1,676.00
Percent Return If Called: 19.57%
Annualized Return If Called: 47.31%
Days to Expiration: 151 days

Trade History:

23-Apr-07 - Initial Stock Position - BTO 100 WFMI @ 47.19 - VICC
23-Apr-07 - Initial Call Option - STO 1 May07 50.00 Call @ 0.83 - Expired
21-May-07 - Interim Trade - STO 1 Jul07 45.00 Call @ 0.24 - Closed
21-Jun-07 - Buy Back and Roll Out - BTC 1 Jul07 45.00 Call @ -0.03 -
21-Jun-07 - Dollar Cost Averaging - BTO 100 WFMI @ 38.44 -
21-Jun-07 - Combined Cost Basis - $8,563.00 200 @ 42.82 -
21-Jun-07 - Continued Trade - STO 2 Aug07 45.00 Call @ 0.29 - Expired
24-Jul-07 - Dividend Received - DIV 200 Dividend @ 0.18 -
20-Aug-07 - Continued Trade - STO 2 Sep07 50.00 Call @ 0.20 -

Note that as a Value Investing Covered Call (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.