Wednesday, April 28, 2010

GD - New Position




A new position was established today on General Dynamics Corporation (GD). All prices include IB commissions.

Criteria for Selection:


  • Dividend Champions Status = Contender
  • Years of Consecutive Dividend Increases = 17
  • Years of Positive Free Cash Flow (last 10 years) = 10


NOTE: This is a consolidated position which uses the average starting date and combines the average cost basis, income received, and available cash from other positions which have been closed.








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
4/28/2010GDCSP Margin UsedCSP 100 GD @ 75.00 ($7,500.00) 
4/28/2010GDNew Cost Basis$13,190.00 100 @ 131.90   
4/28/2010GDContinued TradeSTO 1 May10 75.00 Put @ 0.99  $98.99


Current Position Summary





Cost Basis$13,190.00
Income Generated$3,558.99
Percent Income Generated26.98%
Annualized Income Generated9.84%
Net Profit If Assigned($2,131.01)
Percent Return If Assigned-16.16%
Annualized Return If Assigned-5.89%
Days Held to Expiration1001 days


Trade History














DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/24/2007 Average Starting DateConsolidated Position   
4/28/2010 Average Cost Basis 170 @ 76.71 ($13,040.00) 
4/28/2010 Average Income 2 Income @ 20.35  $3,460.00
4/28/2010 Average Available Cash 170 @ -43.24 $7,350.00 
4/28/2010GDCSP Margin UsedCSP 100 GD @ 75.00 ($7,500.00) 
4/28/2010GDNew Cost Basis$13,190.00 100 @ 131.90   
4/28/2010GDContinued TradeSTO 1 May10 75.00 Put @ 0.99  $98.99
5/21/2010GD Totals ($13,190.00)$3,558.99
DTE1001 Percent Income/Annualized 26.98%9.84%