ADP - New Position

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

22-Feb-08 - Initial Stock Position - BTO 100 ADP @ 40.11
22-Feb-08 - Initial Call Option - STO 1 Apr08 40.00 Call @ 1.32
01-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.29

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

Stock Investment: $4,011.00
Income Generated: $132.00
Percent Income Generated: 3.29%
Annualized Income Generated: 63.22%
Net Profit If Called: $121.00
Percent Return If Called: 3.02%
Annualized Return If Called: 57.95%
Days Held: 19 days

Summary with the dividend if called at option expiration:

Stock Investment: $4,011.00
Income Generated: $161.00
Percent Income Generated: 4.01%
Annualized Income Generated: 26.16%
Net Profit If Called: $150.00
Percent Return If Called: 3.74%
Annualized Return If Called: 24.37%
Days Held to Expiration: 56 days

Dividend Information:

Ex-Dividend Date: 03/12/08
Dividend Pay Date: 04/01/08
Dividend Rate: $1.16
Dividend Yield: 2.90%