MTB - New Position

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

18-Aug-08 - Initial Stock Position - BTO 100 MTB @ 71.55
18-Aug-08 - Initial Call Option - STO 1 Sep08 70.00 Call @ 4.60
30-Sep-08 - Dividend Received - DIV 100 Dividend @ 0.70

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

Stock Investment: $7,155.00
Income Generated: $460.00
Percent Income Generated: 6.43%
Annualized Income Generated: 243.66%
Net Profit If Called: $305.00
Percent Return If Called: 4.26%
Annualized Return If Called: 155.59%
Days Held to Ex-Dividend Date: 10 days

Summary with the dividend if called at option expiration:

Stock Investment: $7,155.00
Income Generated: $530.00
Percent Income Generated: 7.41.%
Annualized Income Generated: 84.49%
Net Profit If Called: $375.00
Percent Return If Called: 5.24%
Annualized Return If Called: 59.78%
Days Held to Expiration: 32 days

Dividend Information:

Ex-Dividend Date: 08/28/08
Dividend Pay Date: 9/30/08
Dividend Rate: $2.80
Dividend Yield on Cost: 3.91%