Monday, May 23, 2011

DOV - New Position

A new CSP position was established today on Dover Corp (DOV). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases55
Fair Value Estimate$77.00
Target Buy Price$55.00
Target Margin of Safety28.57%
Actual Buy Price$55.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011DOVCSP Margin UsedCSP 100 DOV @ 55.00 ($5,500.00) 
5/23/2011DOVInitial Put OptionSTO 1 Sep11 55.00 Put @ 1.39  $138.98

Position Summary

Cost Basis($5,500.00)
Income Generated$138.98
Percent Income Generated2.53%
Annualized Income Generated7.95%
Net Profit If Assigned$138.98
Percent Return If Assigned2.53%
Annualized Return If Assigned7.95%
Days Held to Expiration116 days