Initial Transaction - Verizon (VZ)

This is a second position in Verizon to take advantage of an upcoming ex-dividend date. The new profit/loss info is below:

12/24/2009 -- Bought 100 VZ @ 33.3599
12/24/2009 -- Sold To Open 1 VZ April $32 Call @ 1.81


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $3154.99
Commissions (Included In Cost): $5


Downside Coverage (from current price of $33.3599): 5.43%

Potential Annualized Gain If Called At First Ex-Div. Date (1/7/2010): 38.57%

Potential Annualized Gain If Called At Second Ex-Div. Date (4/7/2010): 10.29%

Potential Annualized Gain If Called At Expiration (4/17/2010): 14.21%