Wednesday, January 25, 2012

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$67.50
Actual Margin of Safety20.59%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2012COPCSP Margin UsedCSP 100 COP @ 67.50 ($6,750.00) 
1/25/2012COPInitial Put OptionSTO 1 Mar12 67.50 Put @ 1.31  $130.97

Position Summary

Cost Basis($6,750.00)
Income Generated$130.97
Percent Income Generated1.94%
Annualized Income Generated13.89%
Net Profit If Assigned$130.97
Percent Return If Assigned1.94%
Annualized Return If Assigned13.89%
Days Held to Expiration51 days