Thursday, May 17, 2012

DOV - New Position

A new CSP position was established today on Dover Corp (DOV). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases56
Fair Value Estimate$73.00
Target Buy Price$51.10
Target Margin of Safety30.00%
Actual Buy Price$50.00
Actual Margin of Safety31.51%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/17/2012DOVCSP Margin UsedCSP 100 DOV @ 50.00 ($5,000.00) 
5/17/2012DOVInitial Put OptionSTO 1 Jun12 50.00 Put @ 0.52  $51.97

Position Summary

Cost Basis($5,000.00)
Income Generated$51.97
Percent Income Generated1.04%
Annualized Income Generated13.08%
Net Profit If Assigned$51.97
Percent Return If Assigned1.04%
Annualized Return If Assigned13.08%
Days Held to Expiration29 days