Update Transaction - Verizon (VZ)

This was the other position in Verizon which was deeper ITM before expiration. I fully expected this position to be called away as it only had about 15 cents of time value remaining. I reviewed the possibility of rolling the position into July, similar to the other position, but found this would result in a lower annualized return, and so I decided to do nothing. The new profit/loss info is below:

11/16/2009 -- Bought 100 VZ @ 30.37
11/16/2009 -- Sold To Open 1 VZ April $31 Call @ 1.08
1/6/2009 -- Dividend @ 0.475

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2930.00
Current Cost Average: $28.815
Commissions (Included In Cost): $5


Downside Coverage (from current price of $30.37): 3.6%

Potential Annualized Gain If Called At Second Ex-Div. Date (4/7/2010): 19.04%

Potential Annualized Gain If Called At Expiration (4/17/2010): 21.64%