Monday, October 31, 2011

COP - New Position

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

Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$85.00
Target Buy Price$68.00
Target Margin of Safety20.00%
Actual Buy Price$65.00
Actual Margin of Safety23.53%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/31/2011COPCSP Margin UsedCSP 100 COP @ 65.00 ($6,500.00) 
10/31/2011COPInitial Put OptionSTO 1 Jan12 65.00 Put @ 1.87  $186.97

Position Summary

Cost Basis($6,500.00)
Income Generated$186.97
Percent Income Generated2.88%
Annualized Income Generated12.96%
Net Profit If Assigned$186.97
Percent Return If Assigned2.88%
Annualized Return If Assigned12.96%
Days Held to Expiration81 days