Thursday, April 21, 2011

ATM.... AT-THE-MONEY OR AUTO TELLER MACHINE?:

Dividend-capturers saw fit to exercise my July ITM calls for today's dividend on RY- Royal Bank of Canada. Hence my first dividend in January of $101, plus extrinsic call price and ROP (return of principal) gained an annualized 10.1%.
I shall be on vacation until May Day, watching the market from my Droid.
Full disclosure: a couple of miscues to report - I hastily did a Buy/Write on KMP on ex-dividend date !, not before, so traded out of it for a minor profit; also Garmin which was an experiment in capturing annual dividends, moved their ex-d from anticipated April to whenever (November?), so I closed that out with a 1% gain - still no losses in DITM since the BP disaster a year ago.

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