Wednesday, January 25, 2012

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$52.50
Actual Margin of Safety26.06%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2012NVSCSP Margin UsedCSP 100 NVS @ 52.50 ($5,250.00) 
1/25/2012NVSInitial Put OptionSTO 1 Mar12 52.50 Put @ 1.18  $117.97

Position Summary

Cost Basis($5,250.00)
Income Generated$117.97
Percent Income Generated2.25%
Annualized Income Generated16.08%
Net Profit If Assigned$117.97
Percent Return If Assigned2.25%
Annualized Return If Assigned16.08%
Days Held to Expiration51 days