Wednesday, February 3, 2010

Dividend Payment - Intel (INTC)

It would seem the Short-Term Ex-Dividend Strategy (STEX) is not working quite as it is supposed to the last few times. I have no problem holding onto Intel however. This is an update after the passing of the ex-dividend date. The new profit/loss info is below:

1/29/2010 -- Bought 100 INTC @ 19.527
1/29/2010 -- Sold To Open 1 INTC February $19 Call @ 0.73
2/3/2010 -- Dividend @ 0.1575


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $1879.70
Current Cost Basis: $1863.95
Commissions (Included In Cost): $2

Potential Annualized Gain If Called At Expiration (2/20/2010): 21.95%

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