Saturday, March 22, 2008

WFC - Closed

The WFC Mar08 30.00 Call was exercised on Thu 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: $3,013.00
Income Generated: $349.00
Net Profit: $336.00
Percent Return: 11.15%
Annualized Return: 72.69%
Duration of Trade: 56 days

Buy & Hold Comparison

Opening Price: $30.12
Closing Price: $32.54
P/L per Share: $2.41
Shares: 100
Dividends: $0.31
Net Profit: $272.00
Percent Return: 9.03%
Annualized Return: 58.84%
Duration of Trade: 56 days

Trade History:

24-Jan-08 - Initial Stock Position - BTO 100 WFC @ 30.13 -
24-Jan-08 - Initial Call Option - STO 1 Feb08 30.00 Call @ 1.34 - Expired
21-Feb-08 - Continued Trade - STO 1 Mar08 30.00 Call @ 1.84 - Exercised
01-Mar-08 - Dividend Received - DIV 100 Dividend @ 0.31 -
20-Mar-08 - Option Exercised - EX 1 Mar08 30.00 Call @ 30.00 -