Methods, systems, computer program products, and methods of doing business whereby programmatically-generated byte code insertion is used to perform run-time tracing of code that potentially encounters a wait during execution. The byte code insertion is performed at load time, and inserts byte codes before and after a located (potential) wait point. The inserted byte code functions to gather execution statistics, such as a time stamp before invoking a located wait point and a time stamp after invoking the located wait point. Preferred embodiments allow this tracing to be selectively activated/deactivated.