Friday, June 17, 2011

TLT - Adjustment




The following adjustment was made today on iShares Trust Barclays 20 Year Treasury Bond Fund (TLT). All prices include IB commissions.







DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/17/2011TLTBuy Back and Roll OutBTC 1 Jun11 98.00 Put @ -1.03  ($103.02)
6/17/2011TLTContinued TradeSTO 1 Aug11 98.00 Put @ 3.49  $348.98


Current Position Summary





Cost Basis($9,800.00)
Income Generated$801.00
Percent Income Generated8.17%
Annualized Income Generated9.35%
Net Profit If Assigned$801.00
Percent Return If Assigned8.17%
Annualized Return If Assigned9.35%
Days Held to Expiration319 days


Trade History



















DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/4/2010TLTCSP Margin UsedCSP 100 TLT @ 98.00 ($9,800.00) 
10/4/2010TLTInitial Put OptionSTO 1 Nov10 98.00 Put @ 0.49Closed $48.99
11/18/2010TLTBuy Back and Roll OutBTC 1 Nov10 98.00 Put @ -2.25  ($224.96)
11/18/2010TLTContinued TradeSTO 1 Dec10 98.00 Put @ 3.39Closed $339.04
12/8/2010TLTBuy Back and Roll OutBTC 1 Dec10 98.00 Put @ -4.96  ($495.96)
12/8/2010TLTContinued TradeSTO 1 Jan11 98.00 Put @ 5.74Closed $573.99
12/28/2010TLTBuy Back and Roll OutBTC 1 Jan11 98.00 Put @ -6.71  ($670.96)
12/28/2010TLTContinued TradeSTO 1 Mar11 98.00 Put @ 7.84Closed $784.04
3/18/2011TLTBuy Back and Roll OutBTC 1 Mar11 98.00 Put @ -4.81  ($481.01)
3/18/2011TLTContinued TradeSTO 1 Jun11 98.00 Put @ 6.82Closed $681.87
6/17/2011TLTBuy Back and Roll OutBTC 1 Jun11 98.00 Put @ -1.03  ($103.02)
6/17/2011TLTContinued TradeSTO 1 Aug11 98.00 Put @ 3.49  $348.98
8/19/2011TLT Totals ($9,800.00)$801.00
DTE319 Percent Income/Annualized 8.17%9.35%

NUE - Adjustment




The following adjustment was made today on Nucor Corporation (NUE). All prices include IB commissions.











CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Years of Positive Free Cash Flow (last 10 years)10
Fair Value Estimate$58.00
Target Buy Price$35.00
Target Margin of Safety40.00%
Actual Buy Price$40.00
Actual Margin of Safety31.03%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/17/2011NUEBuy Back and Roll OutBTC 1 Jun11 40.00 Put @ -0.75  ($75.02)
6/17/2011NUEContinued TradeSTO 1 Oct11 40.00 Put @ 3.54  $353.98


Current Position Summary





Cost Basis($4,000.00)
Income Generated$313.94
Percent Income Generated7.85%
Annualized Income Generated18.48%
Net Profit If Assigned$313.94
Percent Return If Assigned7.85%
Annualized Return If Assigned18.48%
Days Held to Expiration155 days


Trade History











DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/19/2011NUECSP Margin UsedCSP 100 NUE @ 40.00 ($4,000.00) 
5/19/2011NUEInitial Put OptionSTO 1 Jun11 40.00 Put @ 0.35Closed $34.98
6/17/2011NUEBuy Back and Roll OutBTC 1 Jun11 40.00 Put @ -0.75  ($75.02)
6/17/2011NUEContinued TradeSTO 1 Oct11 40.00 Put @ 3.54  $353.98
10/21/2011NUE Totals ($4,000.00)$313.94
DTE155 Percent Income/Annualized 7.85%18.48%

LOW - Adjustment




The following adjustment was made today on Lowes Companies Inc (LOW) All prices include IB commissions.

This is the second position on LOW.










CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases48
Fair Value Estimate$36.00
Target Buy Price$25.00
Target Margin of Safety30.56%
Actual Buy Price$21.00
Actual Margin of Safety41.67%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/17/2011LOWBuy Back and Roll OutBTC 2 Jun11 25.00 Put @ -2.20  ($439.44)
6/17/2011LOWContinued TradeSTO 2 Oct11 25.00 Put @ 2.93  $586.56


Current Position Summary





Cost Basis($5,000.00)
Income Generated$330.81
Percent Income Generated6.62%
Annualized Income Generated11.84%
Net Profit If Assigned$330.81
Percent Return If Assigned6.62%
Annualized Return If Assigned11.84%
Days Held to Expiration204 days


Trade History













DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/31/2011LOWCSP Margin UsedCSP 200 LOW @ 25.00 ($5,000.00) 
3/31/2011LOWInitial Put OptionSTO 2 May11 25.00 Put @ 0.50Closed $100.57
5/19/2011LOWBuy Back and Roll OutBTC 2 May11 25.00 Put @ -0.28  ($55.44)
5/19/2011LOWContinued TradeSTO 2 Jun11 25.00 Put @ 0.69Closed $138.56
6/17/2011LOWBuy Back and Roll OutBTC 2 Jun11 25.00 Put @ -2.20  ($439.44)
6/17/2011LOWContinued TradeSTO 2 Oct11 25.00 Put @ 2.93  $586.56
10/21/2011LOW Totals ($5,000.00)$330.81
DTE204 Percent Income/Annualized 6.62%11.84%

ABT - Adjustment




The following adjustment was made today on Abbott Laboratories (ABT). All prices include IB commissions.

This is the second position on ABT. The first position is a CC.











CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Years of Positive Free Cash Flow (last 10 years)10
Fair Value Estimate$68.00
Target Buy Price$55.00
Target Margin of Safety20.00%
Actual Buy Price$52.50
Actual Margin of Safety22.79%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/17/2011ABTBuy Back and Roll OutBTC 1 Jun11 52.50 Put @ -0.82  ($81.97)
6/17/2011ABTContinued TradeSTO 1 Aug11 52.50 Put @ 2.19  $219.03


Current Position Summary





Cost Basis($5,250.00)
Income Generated$192.40
Percent Income Generated3.66%
Annualized Income Generated14.54%
Net Profit If Assigned$192.40
Percent Return If Assigned3.66%
Annualized Return If Assigned14.54%
Days Held to Expiration92 days


Trade History











DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/19/2011ABTCSP Margin UsedCSP 100 ABT @ 52.50 ($5,250.00) 
5/19/2011ABTInitial Put OptionSTO 1 Jun11 52.50 Put @ 0.55Closed $55.34
6/17/2011ABTBuy Back and Roll OutBTC 1 Jun11 52.50 Put @ -0.82  ($81.97)
6/17/2011ABTContinued TradeSTO 1 Aug11 52.50 Put @ 2.19  $219.03
8/19/2011ABT Totals ($5,250.00)$192.40
DTE92 Percent Income/Annualized 3.66%14.54%

ABT - Adjustment




The following adjustment was made today on Abbott Laboratories (ABT). All prices include IB commissions.











CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Years of Positive Free Cash Flow (last 10 years)10
Fair Value Estimate$68.00
Target Buy Price$54.00
Target Margin of Safety20.00%
Actual Buy Price$55.00
Actual Margin of Safety19.12%








DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/17/2011ABTBuy Back and Roll Out/UpBTC 1 Jun11 52.50 Call @ -0.03  ($3.02)
6/17/2011ABTContinued TradeSTO 1 Aug11 55.00 Call @ 0.30  $29.98


Current Position Summary





Cost Basis($5,500.00)
Income Generated$691.75
Percent Income Generated12.58%
Annualized Income Generated8.00%
Net Profit If Assigned$691.75
Percent Return If Assigned12.58%
Annualized Return If Assigned8.00%
Days Held to Expiration574 days


Trade History


























1/22/2010ABTCSP Margin UsedCSP 100 ABT @ 55.00 ($5,500.00) 
1/22/2010ABTInitial Put OptionSTO 1 Feb10 55.00 Put @ 1.00Exercised $100.00
2/19/2010ABTCSP Margin ReturnedCSP 100 ABT @ -55.00 $5,500.00 
2/19/2010ABTStock AssignedEX 1 Feb10 55.00 Put @ -55.00 ($5,500.00) 
2/22/2010ABTContinued TradeSTO 1 Mar10 55.00 Call @ 0.60Expired $60.14
4/30/2010ABTContinued TradeSTO 1 May10 52.50 Call @ 0.31Closed $31.14
5/15/2010ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
5/21/2010ABTBuy Back and Roll Out/DownBTC 1 May10 52.50 Call @ -0.03  ($3.01)
5/21/2010ABTInterim TradeSTO 1 Aug10 50.00 Call @ 1.05Expired $104.99
8/15/2010ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
9/1/2010ABTContinued TradeSTO 1 Jan11 55.00 Call @ 0.76Closed $76.24
11/15/2010ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
12/21/2010ABTBuy BackBTC 1 Jan11 55.00 Call @ -0.03Expired ($2.96)
2/15/2011ABTDividend ReceivedDIV 100 Dividend @ 0.44  $44.00
4/6/2011ABTContinued TradeSTO 1 May11 52.50 Call @ 0.25Closed $24.99
5/16/2011ABTDividend ReceivedDIV 100 Dividend @ 0.48  $48.00
5/19/2011ABTBuy Back and Roll OutBTC 1 May11 52.50 Call @ -0.90  ($89.72)
5/19/2011ABTContinued TradeSTO 1 Jun11 52.50 Call @ 1.39Closed $138.98
6/17/2011ABTBuy Back and Roll Out/UpBTC 1 Jun11 52.50 Call @ -0.03  ($3.02)
6/17/2011ABTContinued TradeSTO 1 Aug11 55.00 Call @ 0.30  $29.98
8/19/2011ABT Totals ($5,500.00)$691.75
DTE574 Percent Income/Annualized 12.58%8.00%

Thursday, June 16, 2011

CSX - Adjustment




The following adjustment was made today on CSX Corporation (CSX) due to a 3:1 stock split. All prices include IB commissions.










CriteriaValue
Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases6
Fair Value Estimate$31.00
Target Buy Price$21.70
Target Margin of Safety30.00%
Actual Buy Price$21.67
Actual Margin of Safety30.10%










DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011CSXCSP Margin UsedCSP 100 CSX @ 65.00Closed($6,500.00) 
5/23/2011CSXInitial Put OptionSTO 1 Nov11 65.00 Put @ 2.24Closed $223.98
6/16/2011CSX3:1 Stock SplitSPLIT 300 CSX @ 21.67 ($6,501.00) 
6/16/2011CSX3:1 Stock SplitSPLIT 3 Nov11 21.67 Put @ 0.75  $223.98


Current Position Summary





Cost Basis($6,501.00)
Income Generated$223.98
Percent Income Generated3.45%
Annualized Income Generated7.03%
Net Profit If Assigned$223.98
Percent Return If Assigned3.45%
Annualized Return If Assigned7.03%
Days Held to Expiration179 days


Trade History













DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011CSXCSP Margin UsedCSP 100 CSX @ 65.00 ($6,500.00) 
5/23/2011CSXInitial Put OptionSTO 1 Nov11 65.00 Put @ 2.24  $223.98
5/23/2011CSXCSP Margin UsedCSP 100 CSX @ 65.00Closed($6,500.00) 
5/23/2011CSXInitial Put OptionSTO 1 Nov11 65.00 Put @ 2.24Closed $223.98
6/16/2011CSX3:1 Stock SplitSPLIT 300 CSX @ 21.67 ($6,501.00) 
6/16/2011CSX3:1 Stock SplitSPLIT 3 Nov11 21.67 Put @ 0.75  $223.98
11/18/2011CSX Totals ($6,501.00)$223.98
DTE179 Percent Income/Annualized 3.45%7.03%