Thursday, March 22, 2012

TEVA - New Position

A new CSP position was established today on Teva Pharmaceutical Industries Ltd (TEVA). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases13
Fair Value Estimate$58.00
Target Buy Price$40.60
Target Margin of Safety30.00%
Actual Buy Price$40.00
Actual Margin of Safety31.03%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/22/2012TEVACSP Margin UsedCSP 100 TEVA @ 40.00 ($4,000.00) 
3/22/2012TEVAInitial Put OptionSTO 1 May12 40.00 Put @ 0.51  $50.97

Position Summary

Cost Basis($4,000.00)
Income Generated$50.97
Percent Income Generated1.27%
Annualized Income Generated8.16%
Net Profit If Assigned$50.97
Percent Return If Assigned1.27%
Annualized Return If Assigned8.16%
Days Held to Expiration57 days

JNJ - New Position

A new CSP position was established today on Johnson and Johnson (JNJ). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases49
Fair Value Estimate$77.00
Target Buy Price$61.60
Target Margin of Safety20.00%
Actual Buy Price$62.50
Actual Margin of Safety18.83%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/22/2012JNJCSP Margin UsedCSP 100 JNJ @ 62.50 ($6,250.00) 
3/22/2012JNJInitial Put OptionSTO 1 May12 62.50 Put @ 0.53  $52.97

Position Summary

Cost Basis($6,250.00)
Income Generated$52.97
Percent Income Generated0.85%
Annualized Income Generated5.43%
Net Profit If Assigned$52.97
Percent Return If Assigned0.85%
Annualized Return If Assigned5.43%
Days Held to Expiration57 days

BHP - New Position

A new CSP position was established today on BHP Billiton Ltd. (BHP). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$84.00
Target Buy Price$58.80
Target Margin of Safety30.00%
Actual Buy Price$60.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/22/2012BHPCSP Margin UsedCSP 100 BHP @ 60.00 ($6,000.00) 
3/22/2012BHPInitial Put OptionSTO 1 May12 60.00 Put @ 0.64  $64.12

Position Summary

Cost Basis($6,000.00)
Income Generated$64.12
Percent Income Generated1.07%
Annualized Income Generated6.84%
Net Profit If Assigned$64.12
Percent Return If Assigned1.07%
Annualized Return If Assigned6.84%
Days Held to Expiration57 days

NVS - Adjustment

The following adjustment was made today on Novartis (NVS). All prices include IB commissions.

This is the second position on NVS.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$71.00
Target Buy Price$56.80
Target Margin of Safety20.00%
Actual Buy Price$52.50
Actual Margin of Safety26.06%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/22/2012NVSContinued TradeSTO 1 May12 52.50 Put @ 0.51  $50.72

Current Position Summary

Cost Basis($5,250.00)
Income Generated$168.69
Percent Income Generated3.21%
Annualized Income Generated10.29%
Net Profit If Assigned$168.69
Percent Return If Assigned3.21%
Annualized Return If Assigned10.29%
Days Held to Expiration114 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2012NVSCSP Margin UsedCSP 100 NVS @ 52.50 ($5,250.00) 
1/25/2012NVSInitial Put OptionSTO 1 Mar12 52.50 Put @ 1.18Expired $117.97
3/22/2012NVSContinued TradeSTO 1 May12 52.50 Put @ 0.51  $50.72
5/18/2012NVS Totals ($5,250.00)$168.69
DTE114 Percent Income/Annualized 3.21%10.29%

Monday, March 19, 2012

TBT - Adjustment

The following adjustment was made today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

This is the second position on TBT.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/19/2012TBTContinued TradeSTO 2 Apr12 23.00 Call @ 0.26  $52.55

Current Position Summary

Cost Basis($4,600.00)
Income Generated$738.42
Percent Income Generated16.05%
Annualized Income Generated25.36%
Net Profit If Assigned$738.42
Percent Return If Assigned16.05%
Annualized Return If Assigned25.36%
Days Held to Expiration231 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/2/2011TBTCSP Margin UsedCSP 200 TBT @ 23.00 ($4,600.00) 
9/2/2011TBTInitial Put OptionSTO 2 Sep11 23.00 Put @ 1.04Closed $207.65
9/16/2011TBTBuy Back and Roll OutBTC 2 Sep11 23.00 Put @ -0.14  ($28.02)
9/16/2011TBTContinued TradeSTO 2 Oct11 23.00 Put @ 1.33Exercised $265.14
10/21/2011TBTCSP Margin ReturnedCSP 200 TBT @ -23.00 $4,600.00 
10/21/2011TBTStock AssignedEX 2 Oct11 23.00 Put @ -23.00 ($4,600.00) 
10/27/2011TBTContinued TradeSTO 2 Nov11 23.00 Call @ 0.90Expired $180.55
10/27/2011TBTContinued TradeSTO 2 Mar12 21.00 Call @ 0.30Expired $60.55
3/19/2012TBTContinued TradeSTO 2 Apr12 23.00 Call @ 0.26  $52.55
4/20/2012TBT Totals ($4,600.00)$738.42
DTE231 Percent Income/Annualized 16.05%25.36%

TBT - Adjustment

The following adjustment was made on today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/19/2012TBTInterim TradeSTO 2 Apr12 23.00 Call @ 0.26  $52.55

Current Position Summary

Cost Basis($9,200.00)
Income Generated$1,050.04
Percent Income Generated11.41%
Annualized Income Generated5.71%
Net Profit If Assigned($3,549.96)
Percent Return If Assigned-38.59%
Annualized Return If Assigned-19.32%
Days Held to Expiration729 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/22/2010TBTCSP Margin UsedCSP 200 TBT @ 46.00 ($9,200.00) 
4/22/2010TBTInitial Put OptionSTO 2 May10 46.00 Put @ 0.55Closed $110.57
5/21/2010TBTBuy Back and Roll OutBTC 2 May10 46.00 Put @ -7.24  ($1,448.13)
5/21/2010TBTContinued TradeSTO 2 Sep10 46.00 Put @ 8.14Exercised $1,628.57
9/8/2010TBTCSP Margin ReturnedCSP 200 TBT @ -46.00 $9,200.00 
9/8/2010TBTStock AssignedEX 2 Sep10 46.00 Put @ -46.00 ($9,200.00) 
9/9/2010TBTInterim TradeSTO 2 Oct10 37.00 Call @ 0.27Expired $54.57
10/21/2010TBTInterim TradeSTO 2 Nov10 37.00 Call @ 0.27Closed $54.67
11/18/2010TBTBuy Back and Roll Out/UpBTC 2 Nov10 37.00 Call @ -0.23  ($46.33)
11/18/2010TBTInterim TradeSTO 2 Dec10 38.00 Call @ 0.91Closed $182.57
12/13/2010TBTBuy Back and Roll Out/UpBTC 2 Dec10 38.00 Call @ -1.83  ($365.43)
12/13/2010TBTInterim TradeSTO 2 Mar11 41.00 Call @ 2.29Closed $458.67
3/18/2011TBTBuy Back and Roll Out/UpBTC 2 Mar11 41.00 Call @ -0.01  ($2.00)
3/18/2011TBTInterim TradeSTO 2 Apr11 40.00 Call @ 0.19Closed $38.57
4/6/2011TBTBuy Back and Roll Out/UpBTC 2 Apr11 40.00 Call @ -0.08  ($15.93)
4/6/2011TBTInterim TradeSTO 2 Sep11 42.00 Call @ 1.43Expired $286.57
2/3/2012TBTInterim TradeSTO 2 Mar12 21.00 Call @ 0.30Expired $60.55
3/19/2012TBTInterim TradeSTO 2 Apr12 23.00 Call @ 0.26  $52.55
4/20/2012TBT Totals ($9,200.00)$1,050.04
DTE729 Percent Income/Annualized 11.41%5.71%

NVS - Adjustment

The following adjustment was made today on Novartis (NVS). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$71.00
Target Buy Price$56.80
Target Margin of Safety20.00%
Actual Buy Price$55.00
Actual Margin of Safety20.29%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/19/2012NVSContinued TradeSTO 1 May12 57.50 Call @ 0.59  $58.97

Current Position Summary

Cost Basis($5,500.00)
Income Generated$137.94
Percent Income Generated2.51%
Annualized Income Generated10.64%
Net Profit If Assigned$387.94
Percent Return If Assigned7.05%
Annualized Return If Assigned29.94%
Days Held to Expiration86 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/22/2012NVSCSP Margin UsedCSP 100 NVS @ 55.00 ($5,500.00) 
2/22/2012NVSInitial Put OptionSTO 1 Mar12 55.00 Put @ 0.79Exercised $78.97
3/16/2012NVSCSP Margin ReturnedCSP 100 NVS @ -55.00 $5,500.00 
3/16/2012NVSStock AssignedEX 1 Mar12 55.00 Put @ -55.00 ($5,500.00) 
3/19/2012NVSContinued TradeSTO 1 May12 57.50 Call @ 0.59  $58.97
5/18/2012NVS Totals ($5,500.00)$137.94
DTE86 Percent Income/Annualized 2.51%10.64%

Sunday, March 18, 2012

COP - Closed

The ConocoPhillips (COP) Mar12 67.50 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$6,750.00
Net Profit$130.97
Percent Return1.94%
Annualized Return13.89%
Days Held to Expiration51 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2012COPCSP Margin UsedCSP 100 COP @ 67.50 ($6,750.00) 
1/25/2012COPInitial Put OptionSTO 1 Mar12 67.50 Put @ 1.31Expired $130.97
3/16/2012COPCSP Margin ReturnedCSP 100 COP @ -67.50  $6,750.00
3/16/2012COP Net Cost/Profit-Loss ($6,750.00)$130.97
DTE51 Percent Profit-Loss/Annualized 1.94%13.89%

Tuesday, March 6, 2012

STRA - New Position

A new CSP position was established today on Strayer Education Inc (STRA). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases8
Fair Value Estimate$130.00
Target Buy Price$78.00
Target Margin of Safety40.00%
Actual Buy Price$70.00
Actual Margin of Safety46.15%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/6/2012STRACSP Margin UsedCSP 100 STRA @ 70.00 ($7,000.00) 
3/6/2012STRAInitial Put OptionSTO 1 Apr12 70.00 Put @ 0.81  $80.97

Position Summary

Cost Basis($7,000.00)
Income Generated$80.97
Percent Income Generated1.16%
Annualized Income Generated9.38%
Net Profit If Assigned$80.97
Percent Return If Assigned1.16%
Annualized Return If Assigned9.38%
Days Held to Expiration45 days

NUE - New Position

A new CSP position was established today on Nucor Corporation (NUE). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases39
Fair Value Estimate$57.00
Target Buy Price$34.20
Target Margin of Safety40.00%
Actual Buy Price$37.00
Actual Margin of Safety35.09%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/6/2012NUECSP Margin UsedCSP 100 NUE @ 37.00 ($3,700.00) 
3/6/2012NUEInitial Put OptionSTO 1 Apr12 37.00 Put @ 0.52  $51.97

Position Summary

Cost Basis($3,700.00)
Income Generated$51.97
Percent Income Generated1.40%
Annualized Income Generated11.39%
Net Profit If Assigned$51.97
Percent Return If Assigned1.40%
Annualized Return If Assigned11.39%
Days Held to Expiration45 days

NSC - New Position

A new CSP position was established today on Norfolk Southern Corporation (NSC). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$90.00
Target Buy Price$54.00
Target Margin of Safety40.00%
Actual Buy Price$60.00
Actual Margin of Safety33.33%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/6/2012NSCCSP Margin UsedCSP 100 NSC @ 60.00 ($6,000.00) 
3/6/2012NSCInitial Put OptionSTO 1 Apr12 60.00 Put @ 0.59  $58.97

Position Summary

Cost Basis($6,000.00)
Income Generated$58.97
Percent Income Generated0.98%
Annualized Income Generated7.97%
Net Profit If Assigned$58.97
Percent Return If Assigned0.98%
Annualized Return If Assigned7.97%
Days Held to Expiration45 days

MMM - New Position

A new CSP position was established today on 3M Company (MMM). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases54
Fair Value Estimate$100.00
Target Buy Price$80.00
Target Margin of Safety20.00%
Actual Buy Price$80.00
Actual Margin of Safety20.00%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/6/2012MMMCSP Margin UsedCSP 100 MMM @ 80.00 ($8,000.00) 
3/6/2012MMMInitial Put OptionSTO 1 Apr12 80.00 Put @ 0.83  $82.97

Position Summary

Cost Basis($8,000.00)
Income Generated$82.97
Percent Income Generated1.04%
Annualized Income Generated8.41%
Net Profit If Assigned$82.97
Percent Return If Assigned1.04%
Annualized Return If Assigned8.41%
Days Held to Expiration45 days

CMP - New Position

A new CSP position was established today on Compass Minerals International (CMP). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases9
Fair Value Estimate$93.00
Target Buy Price$65.10
Target Margin of Safety30.00%
Actual Buy Price$65.00
Actual Margin of Safety30.11%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/6/2012CMPCSP Margin UsedCSP 100 CMP @ 65.00 ($6,500.00) 
3/6/2012CMPInitial Put OptionSTO 1 Apr12 65.00 Put @ 0.80  $79.72

Position Summary

Cost Basis($6,500.00)
Income Generated$79.72
Percent Income Generated1.23%
Annualized Income Generated9.95%
Net Profit If Assigned$79.72
Percent Return If Assigned1.23%
Annualized Return If Assigned9.95%
Days Held to Expiration45 days