BBT - Adjustment

The following adjustment was made today on BBT:

11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 -
01-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -

The Aug08 27.50 call was deep ITM with less than $0.05 cents time value left so I decided to average down and roll out/up to a Dec08 32.50 call to avoid assignment. This allowed me to roll out/up for a net credit and will also double the dividend income I'll receive on Nov 1st.

Current Position Summary:

Stock Investment: $6.671.00
Income Generated: $900.00
Percent Income Generated: 13.49%
Annualized Income Generated: 18.31%
Net Profit If Called: $729.00
Percent Return If Called: 10.93%
Annualized Return If Called: 14.83%
Days Held to Expiration: 269 days

Trade History:

25-Mar-08 - Initial Stock Position - BTO 100 BBT @ 35.26 -
25-Mar-08 - Initial Call Option - STO 1 Apr08 35.00 Call @ 1.68 - Expired
23-Apr-08 - Continued Trade - STO 1 May08 35.00 Call @ 0.67 - Expired
01-May-08 - Dividend Received - DIV 100 Dividend @ 0.46 -
19-May-08 - Continued Trade - STO 1 Jun08 35.00 Call @ 1.47 - Expired
07-Jul-08 - Interim Trade - STO 1 Aug08 27.50 Call @ 0.35 - Closed
01-Aug-08 - Dividend Received - DIV 100 Dividend @ 0.47 -
11-Aug-08 - Buy Back and Roll Out/Up - BTC 1 Aug08 27.50 Call @ -4.02 -
11-Aug-08 - Dollar Cost Averaging - BTO 100 BBT @ 31.45 -
11-Aug-08 - Combined Cost Basis - $6,671.00 200 @ 33.36 -
11-Aug-08 - Continued Trade - STO 2 Dec08 32.50 Call @ 3.49 -
01-Nov-08 - Dividend Received - DIV 200 Dividend @ 0.47 -