Tuesday, March 6, 2012

NUE - New Position

A new CSP position was established today on Nucor Corporation (NUE). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases39
Fair Value Estimate$57.00
Target Buy Price$34.20
Target Margin of Safety40.00%
Actual Buy Price$37.00
Actual Margin of Safety35.09%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/6/2012NUECSP Margin UsedCSP 100 NUE @ 37.00 ($3,700.00) 
3/6/2012NUEInitial Put OptionSTO 1 Apr12 37.00 Put @ 0.52  $51.97

Position Summary

Cost Basis($3,700.00)
Income Generated$51.97
Percent Income Generated1.40%
Annualized Income Generated11.39%
Net Profit If Assigned$51.97
Percent Return If Assigned1.40%
Annualized Return If Assigned11.39%
Days Held to Expiration45 days