PAYX - New Position

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

24-Jan-08 - Initial Stock Position - BTO 100 PAYX @ 33.29
24-Jan-08 - Initial Call Option - STO 1 Mar08 32.50 Call @ 1.84
15-Feb-08 - Dividend Received - DIV 100 Dividend @ 0.30

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

Stock Investment: $3,329.00
Income Generated: $184.00
Percent Income Generated: 5.53%
Annualized Income Generated: 336.24%
Net Profit If Called: $105.00
Percent Return If Called: 3.15%
Annualized Return If Called: 112.75%
Days to Expiration: 6 days

Summary with the dividend if called at option expiration:

Stock Investment: $3,329.00
Income Generated: $214.00
Percent Income Generated: 6.43%
Annualized Income Generated: 41.16%
Net Profit If Called: $135.00
Percent Return If Called: 4.06%
Annualized Return If Called: 25.97%
Days to Expiration: 57 days

Dividend Information:

Ex-Dividend Date: 01/30/08
Dividend Pay Date: 02/15/08
Dividend Rate: $1.20
Dividend Yield: 3.60%