Monday, May 23, 2011

GD - New Position

A dividend was received on General Dynamics (GD). All prices include IB commissions.

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

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases20
Fair Value Estimate$85.00
Target Buy Price$60.00
Target Margin of Safety29.41%
Actual Buy Price$65.00
Actual Margin of Safety23.53%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011GDCSP Margin UsedCSP 100 GD @ 65.00 ($6,500.00) 
5/23/2011GDInitial Put OptionSTO 1 Aug11 65.00 Put @ 1.14  $113.98

Position Summary

Cost Basis($6,500.00)
Income Generated$113.98
Percent Income Generated1.75%
Annualized Income Generated7.27%
Net Profit If Assigned$113.98
Percent Return If Assigned1.75%
Annualized Return If Assigned7.27%
Days Held to Expiration88 days