MDT - Closed

The MDT Jul08 52.50 Call was exercised on Fri and the stock was called away for a profit. The following is the trade history and returns, including IB commissions.

I had actually intended to roll this position to the Aug08 52.50 or 55.00 call on Friday, but work got in the way. As luck would have it, I got stuck on a priority 1 problem all day and was unable to place the trade. This happens sometimes, so in the future I'll look to roll positions on Wed or Thu rather than wait for expiration Friday. In any case, I still managed to eek out a 7% annualized return on a stock that basically went nowhere for a little over a year.

Covered Call Results

Stock Investment: $5,272.00
Income Generated: $481.00
Net Profit: $459.00
Percent Return: 8.71%
Annualized Return: 7.03%
Duration of Trade: 452 days

Buy & Hold Comparison

Opening Price: $52.72
Closing Price: $53.42
P/L per Share: $0.70
Shares: 100
Dividends: $50.00
Net Profit: $120.00
Percent Return: 2.28%
Annualized Return: 1.84%
Duration of Trade: 452 days

Trade History:

23-Apr-07 - Initial Stock Position - BTO 100 MDT @ 52.72 -
23-Apr-07 - Continued Trade - STO 1 May07 55.00 Call @ 0.19 - Expired
21-May-07 - Continued Trade - STO 1 Jun07 52.50 Call @ 0.59 - Closed
15-Jun-07 - Buy Back & Roll Out/Up - BTC 1 Jun07 52.50 Call @ -0.06 -
15-Jun-07 - Continued Trade - STO 1 Jul07 55.00 Call @ 0.49 - Expired
25-Jul-07 - Continued Trade - STO 1 Sep07 55.00 Call @ 0.63 - Closed
27-Jul-07 - Dividend Received - DIV 100 Dividend @ 0.13 -
21-Sep-07 - Buy Back & Roll Out/Up - BTC 1 Sep07 55.00 Call @ -1.46 -
21-Sep-07 - Continued Trade - STO 1 Nov07 57.50 Call @ 1.39 - Closed
24-Oct-07 - Buy Back & Roll Down - BTC 1 Nov07 57.50 Call @ -0.06 -
24-Oct-07 - Continued Trade - STO 1 Dec07 52.50 Call @ 0.39 - Expired
26-Oct-07 - Dividend Received - DIV 100 Dividend @ 0.13 -
10-Jan-08 - Continued Trade - STO 1 Feb08 52.50 Call @ 0.79 - Expired
25-Jan-08 - Dividend Received - DIV 100 Dividend @ 0.13 -
21-Feb-08 - Continued Trade - STO 1 Apr08 52.50 Call @ 0.39 - Expired
24-Apr-08 - Continued Trade - STO 1 Jun08 52.50 Call @ 0.64 - Expired
25-Apr-08 - Dividend Received - DIV 100 Dividend @ 0.13 -
07-Jul-08 - Continued Trade - STO 1 Jul08 52.50 Call @ 0.39 -
18-Jul-08 - Option Exercised - EX 1 Jul08 52.50 Call @ 52.50 - Exercised