USB - New Position

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

25-Mar-08 - Initial Stock Position - BTO 100 USB @ 34.94
25-Mar-08 - Initial Call Option - STO 1 May08 35.00 Call @ 1.39
15-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.43

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

Stock Investment: $3,494.00
Income Generated: $139.00
Percent Income Generated: 3.98%
Annualized Income Generated: 726.03%
Net Profit If Called: $145.00
Percent Return If Called: 4.15%
Annualized Return If Called: 757.37%
Days Held: 2 days

Summary with the dividend if called at option expiration:

Stock Investment: $3,494.00
Income Generated: $181.50
Percent Income Generated: 5.19%
Annualized Income Generated: 36.46%
Net Profit If Called: $187.50
Percent Return If Called: 5.37%
Annualized Return If Called: 37.67%
Days Held to Expiration: 52 days

Dividend Information:

Ex-Dividend Date: 03/27/08
Dividend Pay Date: 04/15/08
Dividend Rate: $1.70
Dividend Yield: $4.90