Saturday, August 16, 2008

VMC - Closed

The VMC Aug08 60.00 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.

Covered Call Results

Stock Investment: $6,300.00
Income Generated: $580.00
Percent Income Generated: 9.21%
Annualized Income Generated: 152.74%
Net Profit If Called: $280.00
Percent Return If Called: 4.44%
Annualized Return If Called: 73.74%
Days Held to Expiration: 22 days

Buy & Hold Comparison

Opening Price: $63.00
Closing Price: $74.70
P/L per Share: $11.70
Shares: 100
Dividends: $0.00
Net Profit: $1,170.00
Percent Return: 18.57%
Annualized Return: 308.12%
Duration of Trade: 22 days

Trade History:

24-Jul-08 - Initial Stock Position - BTO 100 VMC @ 63.00 -
24-Jul-08 - Initial Call Option - STO 1 Aug08 60.00 Call @ 5.80 - Exercised
16-Aug-08 - Option Exercised - EX 1 Aug08 60.00 Call @ 60.00 -