Monday, October 31, 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$55.00
Actual Margin of Safety22.54%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/31/2011NVSCSP Margin UsedCSP 100 NVS @ 55.00 ($5,500.00) 
10/31/2011NVSInitial Put OptionSTO 1 Dec11 55.00 Put @ 1.29  $128.98

Position Summary

Cost Basis($5,500.00)
Income Generated$128.98
Percent Income Generated2.35%
Annualized Income Generated18.61%
Net Profit If Assigned$128.98
Percent Return If Assigned2.35%
Annualized Return If Assigned18.61%
Days Held to Expiration46 days