Tuesday, September 27, 2011

DOV - Adjustment

The following adjustment was made today on Dover Corp (DOV). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases55
Fair Value Estimate$77.00
Target Buy Price$55.00
Target Margin of Safety28.57%
Actual Buy Price$55.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/27/2011DOVContinued TradeSTO 1 Nov11 55.00 Call @ 1.27  $126.98

Current Position Summary

Cost Basis($5,500.00)
Income Generated$265.96
Percent Income Generated4.84%
Annualized Income Generated9.86%
Net Profit If Assigned$265.96
Percent Return If Assigned4.84%
Annualized Return If Assigned9.86%
Days Held to Expiration179 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011DOVCSP Margin UsedCSP 100 DOV @ 55.00 ($5,500.00) 
5/23/2011DOVInitial Put OptionSTO 1 Sep11 55.00 Put @ 1.39Exercised $138.98
9/16/2011DOVCSP Margin ReturnedCSP 100 DOV @ -55.00 $5,500.00 
9/16/2011DOVStock AssignedEX 1 Sep11 55.00 Put @ -55.00 ($5,500.00) 
9/27/2011DOVContinued TradeSTO 1 Nov11 55.00 Call @ 1.27  $126.98
11/18/2011DOV Totals ($5,500.00)$265.96
DTE179 Percent Income/Annualized 4.84%9.86%