FII - New Position

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

01-May-08 - Initial Stock Position - BTO 100 FII @ 34.53 -
01-May-08 - Initial Call Option - STO 1 Jun08 35.00 Call @ 1.54 -
15-May-08 - Dividend Received - DIV 100 Dividend @ 0.24 -

Since this is an OTM CC position the likelihood of being called away on Ex-Dividend is very slim, but here are the numbers anyway.

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

Stock Investment: $3,453.00
Income Generated: $154.00
Percent Income Generated: 4.46%
Annualized Income Generated: 325.57%
Net Profit If Called: $201.00
Percent Return If Called: 5.82%
Annualized Return If Called: 424.93%
Days Held to Ex-Dividend Date: 5 days

Summary with the dividend if called at option expiration:

Stock Investment: $3,453.00
Income Generated: $178.00
Percent Income Generated: 5.15%
Annualized Income Generated: 37.63%
Net Profit If Called: $225.00
Percent Return If Called: 6.52%
Annualized Return If Called: 47.57%
Days Held to Expiration: 50 days

Dividend Information:

Ex-Dividend Date: 05/06/08
Dividend Pay Date: 05/15/08
Dividend Rate: $0.96
Dividend Yield on Cost: 2.78%