Monday, May 23, 2011

PFE - New Position

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

Dividend Champions StatusFallen Angel
Previous Years of Consecutive Dividend Increases41
Fair Value Estimate$27.00
Target Buy Price$20.00
Target Margin of Safety25.93%
Actual Buy Price$19.00
Actual Margin of Safety29.63%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011PFECSP Margin UsedCSP 200 PFE @ 19.00 ($3,800.00) 
5/23/2011PFEInitial Put OptionSTO 2 Aug11 19.00 Put @ 0.44  $88.32

Position Summary

Cost Basis($3,800.00)
Income Generated$88.32
Percent Income Generated2.32%
Annualized Income Generated9.64%
Net Profit If Assigned$88.32
Percent Return If Assigned2.32%
Annualized Return If Assigned9.64%
Days Held to Expiration88 days