Tuesday, May 24, 2011

MDT - New Position

A new CSP position was established today on Medtronic Inc (MDT). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases33
Fair Value Estimate$48.00
Target Buy Price$40.00
Target Margin of Safety16.67%
Actual Buy Price$38.00
Actual Margin of Safety20.83%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/24/2011MDTCSP Margin UsedCSP 100 MDT @ 38.00 ($3,800.00) 
5/24/2011MDTInitial Put OptionSTO 1 Aug11 38.00 Put @ 1.01  $101.03

Position Summary

Cost Basis($3,800.00)
Income Generated$101.03
Percent Income Generated2.66%
Annualized Income Generated11.15%
Net Profit If Assigned$101.03
Percent Return If Assigned2.66%
Annualized Return If Assigned11.15%
Days Held to Expiration87 days