Sunday, September 21, 2008

WFC - Closed

The WFC Sep08 29.00 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: $2,920.00
Income Generated: $165.00
Net Profit: $145.00
Percent Return: 4.97%
Annualized Return: 64.73%
Duration of Trade: 28 days

Buy & Hold Comparison

Opening Price: $29.20
Closing Price: $39.79
P/L per Share: $10.59
Shares: 100
Dividends: $0.00
Net Profit: $1,059.00
Percent Return: 36.27%
Annualized Return: 472.77%
Duration of Trade: 28 days

Trade History:

22-Aug-08 - Initial Stock Position - BTO 100 WFC @ 29.20 -
22-Aug-08 - Initial Call Option - STO 1 Sep08 29.00 Call @ 1.65 - Exercised
19-Sep-08 - Option Exercised - EX 1 Sep08 29.00 Call @ 29.00 -