This is simply an update to this position for a recent dividend update. Unfortunately, the position was not called away before the ex-div so I will be holding it until expiration barring any unforeseen substantial increase in share price. The performance metrics are below:
7/21/2009 -- Bought 100 PWE @ 12.79
7/21/2009 -- Sold To Open 1 PWE August $12.50 Call @ 0.6
7/29/2009 -- Dividend @ 0.13
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: 12.19
Maximum Potential Upside: 3.2%
Potential Annualized Gain: 36.49%
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