Tuesday, February 8, 2011

NVS - New Position

A new CSP position was established today on Novartis (NVS). All prices include IB commissions.

This is the second position on NVS.

Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases9
Years of Positive Free Cash Flow (last 10 years)10
Ratio of P/E at Cost / 5yr Average P/E0.76
Discount to Morningstar's Fair Value Estimate26.06%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/8/2011NVSCSP Margin UsedCSP 100 NVS @ 52.50 ($5,250.00) 
2/8/2011NVSInitial Put OptionSTO 1 Apr 52.50 Put @ 1.29  $129.24

Position Summary

Cost Basis($5,250.00)
Income Generated$129.24
Percent Income Generated2.46%
Annualized Income Generated13.61%
Net Profit If Assigned$129.24
Percent Return If Assigned2.46%
Annualized Return If Assigned13.61%
Days Held to Expiration66 days