Monday, October 31, 2011

SYK - New Position

A new CSP position was established today on Stryker Corp (SYK). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases18
Fair Value Estimate$63.00
Target Buy Price$44.10
Target Margin of Safety30.00%
Actual Buy Price$44.00
Actual Margin of Safety30.16%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/31/2011SYKCSP Margin UsedCSP 100 SYK @ 44.00 ($4,400.00) 
10/31/2011SYKInitial Put OptionSTO 1 Jan12 44.00 Put @ 1.25  $124.56

Position Summary

Cost Basis($4,400.00)
Income Generated$124.56
Percent Income Generated2.83%
Annualized Income Generated12.76%
Net Profit If Assigned$124.56
Percent Return If Assigned2.83%
Annualized Return If Assigned12.76%
Days Held to Expiration81 days