TIP - New Position

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

05-Nov-08 - Initial Stock Position - BTO 100 TIP @ 95.09
05-Nov-08 - Initial Call Option - STO 1 Dec08 96.00 Call @ 0.79
05-Dec-08 - Dividend Received - DIV 100 Dividend @ 0.80

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

Stock Investment: $9,509.00
Income Generated: $79.00
Percent Income Generated: 0.83%
Annualized Income Generated: 10.83%
Net Profit If Called: $170.00
Percent Return If Called: 1.79%
Annualized Return If Called: 23.30%
Days Held to Ex-Dividend Date: 28 days

Summary with the dividend if called at option expiration:

Stock Investment: $9,509.00
Income Generated: $159.00
Percent Income Generated: 1.67%
Annualized Income Generated: 13.87%
Net Profit If Called: $250.00
Percent Return If Called: 2.63%
Annualized Return If Called: 21.81%
Days Held to Expiration: 44 days

Dividend Information:

Ex-Dividend Date: 12/03/08 approx.
Dividend Pay Date: 12/05/08 approx.
Dividend Rate: $9.60 approx.
Dividend Yield on Cost: 10.06% approx.