Thursday, March 22, 2012

BHP - New Position

A new CSP position was established today on BHP Billiton Ltd. (BHP). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$84.00
Target Buy Price$58.80
Target Margin of Safety30.00%
Actual Buy Price$60.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/22/2012BHPCSP Margin UsedCSP 100 BHP @ 60.00 ($6,000.00) 
3/22/2012BHPInitial Put OptionSTO 1 May12 60.00 Put @ 0.64  $64.12

Position Summary

Cost Basis($6,000.00)
Income Generated$64.12
Percent Income Generated1.07%
Annualized Income Generated6.84%
Net Profit If Assigned$64.12
Percent Return If Assigned1.07%
Annualized Return If Assigned6.84%
Days Held to Expiration57 days