Unlike the first position I opened to test my new dividend strategy (PWE), for this position (MRO), the plan was successful in that the stock was called away the day before the ex-dividend date. The profit/loss info is below:
8/7/2009 -- Bought 100 MRO @ 30.70
8/7/2009 -- Sold To Open 1 MRO August $30 Call @ 1.07
8/15/2009 -- Sold 100 MRO @ 30.00
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: 2963.00
Final Profit: 1.25%
Final Annualized Profit: 49.92%
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