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FPO A Trader's Trifecta

|Includes: First Potomac Realty Trust (FPO)

Buy and Hold Plus executed a buy write with FPO, and thus far, it's proven to be a very good trade.  The trade was entered into to collect FPO's $0.20 dividend and then a call was sold to generate an additional $0.20 in income.  The purchase price of the stock was $9.58.

So, buy executing this buy write, Buy and Hold Plus was able to generate income of 4.18 percent, and the time the stock will have to be held is 16 days.  That works out to an annualized yield of 58.4 percent.

On top of that, the stock has popped to $9.99.  That means that on paper, Buy and Hold Plus has a capital gain of 4.28 percent on top of the income.  However, the stock will trade up and down so Buy and Hold Plus isn't going to count that yet.