Establish Covered Calls -- iShares MSCI China ETF

Today, a new covered calls position was established in iShares MSCI China ETF  (Ticker Symbol FXI) with a Jun2013  options expiration date.  The details are as follows:

1. iShares MSCI China ETF  (FXI) -- New Covered Calls Position

The transactions were as follows:
06/03/2013 Bought 700 FXI shares @ $36.25
06/03/2013 Sold 7 FXI Jun2013 $36.00 Call Options @ $.90
Note: the price of FXI was $36.27 when the options were sold.


A possible overall performance result (including commissions) for these iShares MSCI China ETF  (FXI)covered calls is as follows:
Stock Purchase Cost: $25,383.95
= ($36.25*700+$8.95 commission)

Net Profit:
(a) Options Income: +$615.80
= 700*$.90 - $14.20 ommissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If FXI assigned at $36.00) = -$183.95
= ($36.00-$36.25)*700 - $8.95 commissions

Total Net Profit (If FXI assigned at $36.00): +$431.85
= (+$615.80 +$0.00 -$183.95)

Absolute Return if Assigned (at $36.00): +1.7%
= +$431.85/$25,383.95
Annualized Return If Assigned (ARIA): +31.0%
= (+$431.85/$25,383.95)*(365/20 days)