Wednesday, April 6, 2011


BTI - British Tobacco, was just closed out after another experiment in semi- and annual dividends.
Bought on March 3 for $8069 (including commission), it was closed out after receiving the $261 dividend - to be paid in May - and $214 for the call. Thanks to a nice rise in the stock (which rose faster than the $530 call buyback price)I was able to close it out before the June expiry, at $8336.
Total return for a month was $212, or 31.5% annualized. After T+3 settlement, the funds will be deployed elsewhere.

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