Wednesday, September 21, 2011

MMM - New Position

A new CSP position was established today on 3M Company (MMM). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases53
Fair Value Estimate$100.00
Target Buy Price$80.00
Target Margin of Safety20.00%
Actual Buy Price$70.00
Actual Margin of Safety30.00%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/21/2011MMMCSP Margin UsedCSP 100 MMM @ 70.00 ($7,000.00) 
9/21/2011MMMInitial Put OptionSTO 1 Oct11 70.00 Put @ 0.91  $90.98

Position Summary

Cost Basis($7,000.00)
Income Generated$90.98
Percent Income Generated1.30%
Annualized Income Generated15.81%
Net Profit If Assigned$90.98
Percent Return If Assigned1.30%
Annualized Return If Assigned15.81%
Days Held to Expiration30 days