On 11/24/09, 2 BMY Dec09 21 Covered Calls were called away from me for a net deposit of $4,179.90 in an IRA account.

My basis for these BMY shares was 19.13 per share givingme a realized profit of $353.90, excluding dividends received.  $205.48 of that profit was already realized as option premiums received since I first purchased these shares in late June, 2009.  In addition, I received $148.00 in dividends on these shares.  My total income for these BMY shares is $501.90 in less than 6 months on an initial $4,029.93 investment which amounts to a 12.5% return in about 5 months, more than 25% annualized.

I would like all of my investments to be as profitable as this one but, of course, they aren’t.  I am happy with the way this one turned out.  So much so that I repurchased the 200 shares, but more about that in the next post.