A new CC position was established today on Paychex Inc (PAYX). All prices include IB commissions.
Criteria for Selection:
- Dividend Champions Status = Contender (Deleted 10/18/10)
- Years of Consectutive Dividend Increases = 20
- Years of Positive Free Cash Flow (last 10 years) = 10
- Discount to Morningstar's Fair Value Estimate = 37%
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 8/2/2010 | PAYX | Initial Stock Position | BTO 200 PAYX @ 26.24 | ($5,247.00) | ||
| 8/2/2010 | PAYX | Initial Call Option | STO 2 Dec10 27.50 Call @ 0.74 | $148.57 |
Position Summary
| Cost Basis | ($5,247.00) |
| Income Generated | $148.57 |
| Percent Income Generated | 2.83% |
| Annualized Income Generated | 7.54% |
| Net Profit If Assigned | $401.57 |
| Percent Return If Assigned | 7.65% |
| Annualized Return If Assigned | 20.39% |
| Days Held to Expiration | 137 days |
