Not Called Early on F

Despite being in the money by nearly 75 cents, neither of my two 500 share positions in F was called away when they went ex-dividend on May 1 – I established mirrored positions in the Rescue My IRA account and a conventional investment account I have at Scottrade.  At some point, I will be comfortable predicting whether a given position will be called, but so far it is just a random thing to me.  The shares continue to trade above my $13 strike, so they are looking good for assignment on May 18.

This means I will collect the 10 cents per share quarterly dividend, so the return calculations below are revised to reflect that improvement in the positions.  I was satisfied with the predicted results as it was - this extra $50 on each of the two positions is icing on the cake.

F- Rescue My IRA Position

Bought 500 shares at average share price $12.94, total $6,472.00
Sold 5 F $13.00 May 2013 for a total of $131.74

Net Profit:

1) Options Income:  = $131.74
2) Dividend Income: Ex-date was 5/1, $50.00
3) Capital Appreciation if assigned at $13:  $10.89

Total Net Profit if Assigned and dividend collected:  $192.63
Absolute Return on Investment: ($192.63/$6,472.00) = 2.98%
Annualized Return if Assigned (30 days):  2.98*(365/30) = 36.21%

F- Conventional Position

Bought 500 shares at average share price $12.94, total $6,472.00
Sold 5 F $13.00 May 2013 for a total of $141.74 ($10 more than I recd in Rescue My IRA)

Net Profit:

1) Options Income:  = $141.74
2) Dividend Income: Ex-date was 5/1, $50.00
3) Capital Appreciation if assigned at $13:  $10.89

Total Net Profit if Assigned and dividend collected:  $202.63
Absolute Return on Investment: ($202.63/$6,472.00) = 3.13%
Annualized Return if Assigned (30 days):  3.13*(365/30) = 38.09%