Monday, May 23, 2011

TEVA - New Position

A new CSP position was established today on Teva Pharmaceutical Industries Ltd (TEVA). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases12
Fair Value Estimate$63.00
Target Buy Price$45.00
Target Margin of Safety28.57%
Actual Buy Price$45.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011TEVACSP Margin UsedCSP 100 TEVA @ 45.00 ($4,500.00) 
5/23/2011TEVAInitial Put OptionSTO 1 Sep11 45.00 Put @ 1.23  $122.98

Position Summary

Cost Basis($4,500.00)
Income Generated$122.98
Percent Income Generated2.73%
Annualized Income Generated8.60%
Net Profit If Assigned$122.98
Percent Return If Assigned2.73%
Annualized Return If Assigned8.60%
Days Held to Expiration116 days