CNI - New Position

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

18-Aug-08 - Initial Stock Position - BTO 100 CNI @ 50.79
18-Aug-08 - Initial Call Option - STO 1 Sep08 50.00 Call @ 2.27
29-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.23

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

Stock Investment: $5,079.00
Income Generated: $227.00
Percent Income Generated: 4.47%
Annualized Income Generated: 90.63%
Net Profit If Called: $148.00
Percent Return If Called: 2.91%
Annualized Return If Called: 59.09%
Days Held to Ex-Dividend Date: 18 days

Summary with the dividend if called at option expiration:

Stock Investment: $5,079.00
Income Generated: $250.00
Percent Income Generated: 4.92%
Annualized Income Generated: 56.12%
Net Profit If Called: $171.00
Percent Return If Called: 3.37%
Annualized Return If Called: 38.40%
Days Held to Expiration: 32 days

Dividend Information:

Ex-Dividend Date: 09/05/08 (approx.)
Dividend Pay Date: 09/29/08 (approx.)
Dividend Rate: $0.90
Dividend Yield on Cost: 1.77%