Establish Covered Calls -- Barrick Gold Corp.

Today, a new covered calls position was established in Barrick Gold Corp. (Ticker Symbol ABX) with a Jun2013  options expiration date.  The details are as follows:

1. Barrick Gold Corp. (ABX) -- New Covered Calls Position

The transactions were as follows:

06/07/2013 Bought 300 ABX shares @ $20.418
06/07/2013 Sold 3 ABX Jun2013 $20.00 Call Options @ $.99
Note: the price of ABX was $20.45 when the options were sold.

A possible overall performance result (including commissions) for these Barrick Gold (ABX) covered calls is as follows:
Stock Purchase Cost: $6,134.35
= ($20.418*300+$8.95 commission)

Net Profit:
(a) Options Income: +$285.80
= 300*$.99 - $11.20 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If ABX assigned at $20.00) = -$134.35
= ($20.00-$20.418)*300 - $8.95 commissions

Total Net Profit (If ABX assigned at $20.00): +$151.45
= (+$285.80 +$0.00 -$134.35)

Absolute Return if Assigned (at $20.00): +2.5%
= +$151.45/$6,134.35
Annualized Return If Assigned (ARIA): +56.3%
= (+$151.45/$6,134.35)*(365/16 days)