Tuesday, November 1, 2011

DOV - New Position

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

Note: This is the second position on DOV.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases55
Fair Value Estimate$73.00
Target Buy Price$51.10
Target Margin of Safety30.00%
Actual Buy Price$45.00
Actual Margin of Safety38.36%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/1/2011DOVCSP Margin UsedCSP 100 DOV @ 45.00 ($4,500.00) 
11/1/2011DOVInitial Put OptionSTO 1 Dec11 45.00 Put @ 0.91  $90.98

Position Summary

Cost Basis($4,500.00)
Income Generated$90.98
Percent Income Generated2.02%
Annualized Income Generated16.40%
Net Profit If Assigned$90.98
Percent Return If Assigned2.02%
Annualized Return If Assigned16.40%
Days Held to Expiration45 days