Initial Transaction - Abbott Labs (ABT)

Today I opened a new position in Abbott Labs. This position will fall into my 10-20% return category, and is also part of the Long-Term Ex-Dividend strategy (LTEX) which utilizes ex-dividend dates as possible exit points for the position. The new profit/loss info is below:

1/4/2009 -- Bought 100 ABT @ 54.22
1/4/2009 -- Sold To Open 1 ABT May $52.50 Call @ 3.35


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $5087.00
Commissions (Included In Cost): $5


Downside Coverage (from current price of $54.22): 6.2%

Potential Annualized Gain If Called At First Ex-Div. Date (1/13/2010): 125.96%

Potential Annualized Gain If Called At Second Ex-Div. Date (4/13/2010): 14.71%

Potential Annualized Gain If Called At Expiration (5/22/2010): 12.63%