Friday, June 17, 2011

NUE - Adjustment




The following adjustment was made today on Nucor Corporation (NUE). All prices include IB commissions.











CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Years of Positive Free Cash Flow (last 10 years)10
Fair Value Estimate$58.00
Target Buy Price$35.00
Target Margin of Safety40.00%
Actual Buy Price$40.00
Actual Margin of Safety31.03%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/17/2011NUEBuy Back and Roll OutBTC 1 Jun11 40.00 Put @ -0.75  ($75.02)
6/17/2011NUEContinued TradeSTO 1 Oct11 40.00 Put @ 3.54  $353.98


Current Position Summary





Cost Basis($4,000.00)
Income Generated$313.94
Percent Income Generated7.85%
Annualized Income Generated18.48%
Net Profit If Assigned$313.94
Percent Return If Assigned7.85%
Annualized Return If Assigned18.48%
Days Held to Expiration155 days


Trade History











DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/19/2011NUECSP Margin UsedCSP 100 NUE @ 40.00 ($4,000.00) 
5/19/2011NUEInitial Put OptionSTO 1 Jun11 40.00 Put @ 0.35Closed $34.98
6/17/2011NUEBuy Back and Roll OutBTC 1 Jun11 40.00 Put @ -0.75  ($75.02)
6/17/2011NUEContinued TradeSTO 1 Oct11 40.00 Put @ 3.54  $353.98
10/21/2011NUE Totals ($4,000.00)$313.94
DTE155 Percent Income/Annualized 7.85%18.48%