Out of MSFT

The naked call I was holding against my Microsoft stock was exercised early(most likely someone chasing the dividend since yesterday was the ex-div date). Anyway, instead of trying to get back into this right now I'm just going to take my profits on this one and wait for a better chance. The option was exercised at $30 so that's a total capital gain of $4.59/share(18%). Additionally I received another $0.52/share in dividends and $0.42/share in option premium(that's including the $0.46 I lost when the shares were called away and I rebought) for a total gain of 21.8% in about 9 months.

• Sell 100 shares of MSFT @ $30.00

The Numbers

• Cash: +$3,000
• Long Stock: -$3,025
• Short Option: +$35

I will try and get back into MSFT if it drops back down in the next couple weeks.