Wednesday, September 21, 2011

NVS - New Position

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

Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$71.00
Target Buy Price$56.80
Target Margin of Safety20.00%
Actual Buy Price$52.50
Actual Margin of Safety26.06%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/21/2011NVSCSP Margin UsedCSP 100 NVS @ 52.50 ($5,250.00) 
9/21/2011NVSInitial Put OptionSTO 1 Oct11 52.50 Put @ 0.91  $90.98

Position Summary

Cost Basis($5,250.00)
Income Generated$90.98
Percent Income Generated1.73%
Annualized Income Generated21.08%
Net Profit If Assigned$90.98
Percent Return If Assigned1.73%
Annualized Return If Assigned21.08%
Days Held to Expiration30 days