Wednesday, February 22, 2012

NVS - New Position

A new CSP position was established today on Novartis (NVS). All prices include IB commissions.

This is the second position on NVS.

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$55.00
Actual Margin of Safety20.29%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/22/2012NVSCSP Margin UsedCSP 100 NVS @ 55.00 ($5,500.00) 
2/22/2012NVSInitial Put OptionSTO 1 Mar12 55.00 Put @ 0.79  $78.97

Position Summary

Cost Basis($5,500.00)
Income Generated$78.97
Percent Income Generated1.44%
Annualized Income Generated22.79%
Net Profit If Assigned$78.97
Percent Return If Assigned1.44%
Annualized Return If Assigned22.79%
Days Held to Expiration23 days