Monday, May 23, 2011

CSX - New Position

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

Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases6
Fair Value Estimate$90.00
Target Buy Price$65.00
Target Margin of Safety27.78%
Actual Buy Price$65.00
Actual Margin of Safety27.78%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011CSXCSP Margin UsedCSP 100 CSX @ 65.00 ($6,500.00) 
5/23/2011CSXInitial Put OptionSTO 1 Nov11 65.00 Put @ 2.24  $223.98

Position Summary

Cost Basis($6,500.00)
Income Generated$223.98
Percent Income Generated3.45%
Annualized Income Generated7.03%
Net Profit If Assigned$223.98
Percent Return If Assigned3.45%
Annualized Return If Assigned7.03%
Days Held to Expiration179 days