Profitable Trade (SO) Southern Company

I recently closed out the following position in Southern Company in a traditional IRA account. I closed this position as it was basically dead money with most of the time decay drained from the transaction.  This series of trades illustrates how using my enhanced income or double dividend strategy one can achieve double dividend returns, even on utility stocks.

1. 7/19/11           Bought 100 SO @ 39.94                                                 -4003.98
2. 7/19/11           STO 1 Jan 21 2012 40 @ 1.22                                          +111.25
3. 9/6/11             Dividend                                                                          +47.25
4. 11/30/11         BTC 1 Jan 21 2012 40 @ 4.10                                           -420.76
5. 11/30/11         Sold 100 SO @ 43.82                                                      +4372.10
6. 12/6/11           Dividend                                                                           +47.25

We earned $153.11 on our initial investment of $3892.73 in ~14 weeks. This is a return of 3.9% or 14.6% annual. We have been selling when others are taking on risk and entering new positions when others are fearfully selling.