Monday, May 19, 2008

VMC - New Position

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

19-May-08 - Initial Stock Position - BTO 100 VMC @ 83.94
19-May-08 - Initial Call Option - STO 1 Jun08 85.00 Call @ 3.09
10-Jun-08 - Dividend Received - DIV 100 Dividend @ 0.49

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

Stock Investment: $8,394.00
Income Generated: $309.00
Percent Income Generated: 3.68%
Annualized Income Generated: 477.88%
Net Profit If Called: $415.00
Percent Return If Called: 4.94%
Annualized Return If Called: 601.52%
Days Held to Ex-Dividend Date: 3 days

Summary with the dividend if called at option expiration:

Stock Investment: $8,394.00
Income Generated: $358.00
Percent Income Generated: 4.26%
Annualized Income Generated: 48.65%
Net Profit If Called: $464.00
Percent Return If Called: 5.53%
Annualized Return If Called: 63.05%
Days Held to Expiration: 32 days

Dividend Information:

Ex-Dividend Date: 05/22/08
Dividend Pay Date: 06/10/08
Dividend Rate: $1.96
Dividend Yield on Cost: 2.34%