Thursday, September 22, 2011

COP - New Position

A new CSP position was established today on ConocoPhillips (COP). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$85.00
Target Buy Price$68.00
Target Margin of Safety20.00%
Actual Buy Price$55.00
Actual Margin of Safety35.29%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/22/2011COPCSP Margin UsedCSP 100 COP @ 55.00 ($5,500.00) 
9/22/2011COPInitial Put OptionSTO 1 Oct11 55.00 Put @ 0.80  $79.98

Position Summary

Cost Basis($5,500.00)
Income Generated$79.98
Percent Income Generated1.45%
Annualized Income Generated18.30%
Net Profit If Assigned$79.98
Percent Return If Assigned1.45%
Annualized Return If Assigned18.30%
Days Held to Expiration29 days