Tuesday, September 20, 2011

DOV - New Position

A new CSP position was established today on Dover Corp (DOV). All prices include IB commissions.

Note: This is the second position on DOV.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases55
Fair Value Estimate$77.00
Target Buy Price$55.00
Target Margin of Safety28.57%
Actual Buy Price$55.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/20/2011DOVCSP Margin UsedCSP 100 DOV @ 45.00 ($4,500.00) 
9/20/2011DOVInitial Put OptionSTO 1 Oct11 45.00 Put @ 0.78  $77.98

Position Summary

Cost Basis($4,500.00)
Income Generated$77.98
Percent Income Generated1.73%
Annualized Income Generated20.40%
Net Profit If Assigned$77.98
Percent Return If Assigned1.73%
Annualized Return If Assigned20.40%
Days Held to Expiration31 days