Three New Positions: Return trips with DIS and GE, and ITW

With all the proceeds from last week's assignments I had quite a bit of cash that I wanted to get into new positions.  I decided to look at some new positions but couldn't find anything in the sweet spot, at or below the mid-point of the 52-week range.  So I looked to positions that have ex-dividend dates this month or next - settling on dividend capture opportunities with GE and ITW, and after reading several articles about DIS prospects, I decided to take another position with that stock as well.  


Details:

ITW

2/22/2012 Bought 200 shares at average share price $56.37 (total $11,274.00)

2/22/2012 Sold 2 NOC May 2012 57.50 at $1.26 (total $244.49)

Ex-dividend is 3/28/2012 at $0.36 ($72.00)

Net Profit:

1) Options Income:  = $244.49
2) Dividend Income: Ex-date is 3/28 (0.36 per share), $72.00
3) Capital Appreciation if assigned at $57.50:  $208.89

Total Net Profit if Assigned and dividend collected:  $244.49 + $72 + $208.89 = $525.38
Absolute Return on Investment: ($525.38/$11,274.00) = 4.66%
Annualized Return if Assigned (60 days):  4.66%*(365/60) = 28.35%
Yesterday, the date of purchase, ITW's closing price was out of the money (OTM).

GE (3-12 Position)

2/22/2012 Bought 500 shares at average share price $19.40 (total $9,702.00)

2/22/2012 Sold 5 GE Mar 2012 20  at $0.10 (total $41.74)

Ex-dividend is 2/23/2012 at $0.17 ($85.00)

Net Profit:

1) Options Income:  = $41.74
2) Dividend Income: Ex-date is 2/23 (0.17 per share), $85.00
3) Capital Appreciation if assigned at $20.00:  $280.00

Total Net Profit if Assigned and dividend collected:  $41.74 + $85 + $280.00 = $406.74
Absolute Return on Investment: ($406.74/$9,702.00) = 4.19%
Annualized Return if Assigned (30 days):  4.19%*(365/30) = 51.01%
Yesterday, the date of purchase, GE's closing price was out of the money (OTM).

DIS (3-12 Position)

2/22/2012 Bought 200 shares at average share price $41.64 (total $8,327.00)

2/22/2012 Sold 2 DIS Mar 2012 42  at $0.65 (total $122.49)

Net Profit:

1) Options Income:  = $122.49
2) Dividend Income: None, annual dividend
3) Capital Appreciation if assigned at $42.00:  $55.00

Total Net Profit if Assigned:  $122.49 + $0 + $55.00 = $177.49
Absolute Return on Investment: ($177.49/$8,327.00) = 2.13%
Annualized Return if Assigned (30 days):  2.13%*(365/30) = 25.93%
Yesterday, the date of purchase, DIS's closing price was out of the money (OTM).