Dividend Update - Bristol Myers Squibb (BMY) (7-1-2009)

This is simply a post to note the ex-dividend date for BMY. Just as an update, BMY has dropped about 5% since I sold the August call on June 25, I may buy back the call if it gets down to about 5 cents. The new profit/loss info is below:

4/6/2009 -- Bought 100 BMY @ 20.48
4/6/2009 -- Sold To Open 1 BMY April $21 Call @ .34
4/17/2009 -- Covered Call Expired
4/20/2009 -- Sold To Open 1 BMY May $21 Call @ .65
4/29/2009 -- Bought To Close 1 BMY May $21 Call @ .11
5/12/2009 -- Sold To Open 1 BMY June $21 Call @ .55
5/27/2009 -- Bought To Close 1 BMY June $21 Call @ .18
6/25/2009 -- Sold To Open 1 BMY August $22 Call @ .35
7/1/2009 -- Dividend @ 0.31


The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Stock Purchase Cost: $2048.00


Downside Coverage (from current price of $20.14): 7.8%
Possible Max Upside: 17.03%

Annualized Max Upside: 45.05%