Monday, May 14, 2012

MMM - New Position

A new CSP position was established today on 3M Company (MMM). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases54
Fair Value Estimate$100.00
Target Buy Price$80.00
Target Margin of Safety20.00%
Actual Buy Price$80.00
Actual Margin of Safety20.00%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/14/2012MMMCSP Margin UsedCSP 100 MMM @ 80.00 ($8,000.00) 
5/14/2012MMMInitial Put OptionSTO 1 Jun12 80.00 Put @ 0.57  $56.97

Position Summary

Cost Basis($8,000.00)
Income Generated$56.97
Percent Income Generated0.71%
Annualized Income Generated8.12%
Net Profit If Assigned$56.97
Percent Return If Assigned0.71%
Annualized Return If Assigned8.12%
Days Held to Expiration32 days