A new CSP position was established today on Schnitzer Steel Industries (SCHN). All prices include IB commissions.
This is a position which requires a minimum of 15% Downside Protection and 15% Annualized Return.
| Criteria | Value |
|---|---|
| Downside Protection | 16.52% |
| Annualized Return | 19.28% |
| Fair Value Estimate | $44.00 |
| Target Buy Price | $26.40 |
| Target Margin of Safety | 40.00% |
| Actual Buy Price | $25.00 |
| Actual Margin of Safety | 43.18% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 10/26/2012 | SCHN | CSP Margin Used | CSP 100 SCHN @ 25.00 | ($2,500.00) | ||
| 10/26/2012 | SCHN | Initial Put Option | STO 1 Dec12 25.00 Put @ 0.74 | $73.94 |
Position Summary
| Cost Basis | ($2,500.00) |
| Income Generated | $73.94 |
| Percent Income Generated | 2.96% |
| Annualized Income Generated | 19.28% |
| Net Profit If Assigned | $73.94 |
| Percent Return If Assigned | 2.96% |
| Annualized Return If Assigned | 19.28% |
| Days Held to Expiration | 56 days |
