Friday, September 2, 2011

TBT - New Position

A new CSP position was established today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

This is the second position on TBT. The first position is a CC. If assigned, I'll combine both positions into a single position and consider this dollar cost averaging. If expired, I'll apply the premium to the original position to lower the cost basis.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/2/2011TBTCSP Margin UsedCSP 200 TBT @ 23.00 ($4,600.00) 
9/2/2011TBTInitial Put OptionSTO 2 Sep11 23.00 Put @ 1.04  $207.65

Position Summary

Cost Basis($4,600.00)
Income Generated$207.65
Percent Income Generated4.51%
Annualized Income Generated117.69%
Net Profit If Assigned$207.65
Percent Return If Assigned4.51%
Annualized Return If Assigned117.69%
Days Held to Expiration14 days