Wednesday, September 21, 2011

PH - New Position

A new CSP position was established today on Parker Hannifin Corp (PH). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases54
Fair Value Estimate$97.00
Target Buy Price$67.90
Target Margin of Safety30.00%
Actual Buy Price$55.00
Actual Margin of Safety43.30%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/21/2011PHCSP Margin UsedCSP 100 PH @ 55.00 ($5,500.00) 
9/21/2011PHInitial Put OptionSTO 1 Nov11 55.00 Put @ 1.42  $141.97

Position Summary

Cost Basis($5,500.00)
Income Generated$141.97
Percent Income Generated2.58%
Annualized Income Generated16.24%
Net Profit If Assigned$141.97
Percent Return If Assigned2.58%
Annualized Return If Assigned16.24%
Days Held to Expiration58 days