BAC - New Position

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

18-Aug-08 - Initial Stock Position - BTO 100 BAC @ 29.37
18-Aug-08 - Initial Call Option - STO 1 Sep08 30.00 Call @ 1.49
26-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.64

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

Stock Investment: $2,937.00
Income Generated: $149.00
Percent Income Generated: 5.07%
Annualized Income Generated: 115.73%
Net Profit If Called: $212.00
Percent Return If Called: 7.22%
Annualized Return If Called: 164.67%
Days Held to Ex-Dividend Date: 16 days

Summary with the dividend if called at option expiration:

Stock Investment: $2,937.00
Income Generated: $213.00
Percent Income Generated: 7.25%
Annualized Income Generated: 82.72%
Net Profit If Called: $276.00
Percent Return If Called: 9.40%
Annualized Return If Called: 107.19%
Days Held to Expiration: 32 days

Dividend Information:

Ex-Dividend Date: 09/03/08
Dividend Pay Date: 09/26/08
Dividend Rate: $2.56
Dividend Yield on Cost: 8.72%