KEY - New Position

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

22-Feb-08 - Initial Stock Position - BTO 200 KEY @ 23.05
22-Feb-08 - Initial Call Option - STO 2 Apr08 22.50 Call @ 1.70
14-Mar-08 - Dividend Received - DIV 200 Dividend @ 0.38

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

Stock Investment: $4,609.00
Income Generated: $340.60
Percent Income Generated: 7.39%
Annualized Income Generated: 385.33%
Net Profit If Called: $231.60
Percent Return If Called: 5.02%
Annualized Return If Called: 262.02%
Days Held: 7 days

Summary with the dividend if called at option expiration:

Stock Investment: $4,609.00
Income Generated: $416.60
Percent Income Generated: 9.04%
Annualized Income Generated: 58.91%
Net Profit If Called: $307.60
Percent Return If Called: 6.67%
Annualized Return If Called: 43.50%
Days Held to Expiration: 56 days

Dividend Information:

Ex-Dividend Date: 02/29/08
Dividend Pay Date: 03/14/08
Dividend Rate: $1.50
Dividend Yield: 6.40%