Tuesday, November 1, 2011

AVP - New Position

A new CSP position was established today on Avon Products Inc (AVP). All prices include IB commissions.

Note: This is the second position on AVP.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases22
Fair Value Estimate$36.00
Target Buy Price$25.20
Target Margin of Safety30.00%
Actual Buy Price$16.00
Actual Margin of Safety44.45%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/1/2011AVPCSP Margin UsedCSP 200 AVP @ 16.00 ($3,200.00) 
11/1/2011AVPInitial Put OptionSTO 2 Dec11 16.00 Put @ 0.57  $113.15

Position Summary

Cost Basis($3,200.00)
Income Generated$113.15
Percent Income Generated3.54%
Annualized Income Generated28.68%
Net Profit If Assigned$113.15
Percent Return If Assigned3.54%
Annualized Return If Assigned28.68%
Days Held to Expiration45 days