Tuesday, October 19, 2010

PAYX - New Position




A new CSP position was established today on Paychex Inc (PAYX). All prices include IB commissions.

This is the second position on PAYX. The first position is a CC.


  • Dividend Champions Status = Contender (Deleted 10/18/10)
  • Years of Consectutive Dividend Increases = 20
  • Years of Positive Free Cash Flow (last 10 years) = 10
  • Discount to Morningstar's Fair Value Estimate = 42.62%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/19/2010PAYXCSP Margin UsedCSP 200 PAYX @ 25.00 ($5,000.00) 
10/19/2010PAYXInitial Put OptionSTO 2 Dec10 25.00 Put @ 0.34  $67.07


Position Summary





Cost Basis($5,000.00)
Income Generated$67.07
Percent Income Generated1.34%
Annualized Income Generated8.30%
Net Profit If Assigned$67.07
Percent Return If Assigned1.34%
Annualized Return If Assigned8.30%
Days Held to Expiration59 days