Initial Transaction - Intel (INTC) (10/21/2009)

After a somewhat premature exit from my positions in Intel, I decided to open a new position as part of my ex-dividend strategy. The company will pay a dividend to shareholders on record November 6, meaning the ex-div date is November 4th. For this position I decided to sell a December call as it would result in a better return if the stock was actually called at the ex-dividend date. It addionally provided added downside protection due to the longer time value. The profit/loss info is below:

10/21/2009 -- Bought 100 INTC @ 19.795
10/21/2009 -- Sold To Open 1 INTC December $19 Call @ 1.14

The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Cost Basis: $1755.00

Potential Annualized Gain If Called At Ex-Div. Date (11/4/2009): 40.48%

Potential Annualized Gain If Called At Expiration (11/21/2009): 15.75%

Downside Protection: 5.8%