Monday, May 23, 2011

NUE - New Position

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

This is the second position on NUE.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Fair Value Estimate$58.00
Target Buy Price$35.00
Target Margin of Safety39.66%
Actual Buy Price$35.00
Actual Margin of Safety39.66%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011NUECSP Margin UsedCSP 100 NUE @ 35.00 ($3,500.00) 
5/23/2011NUEInitial Put OptionSTO 1 Oct11 35.00 Put @ 1.09  $108.98

Position Summary

Cost Basis($3,500.00)
Income Generated$108.98
Percent Income Generated3.11%
Annualized Income Generated7.53%
Net Profit If Assigned$108.98
Percent Return If Assigned3.11%
Annualized Return If Assigned7.53%
Days Held to Expiration151 days