Friday, May 4, 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$34.00
Actual Margin of Safety40.35%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/4/2012NUECSP Margin UsedCSP 100 NUE @ 34.00 ($3,400.00) 
5/4/2012NUEInitial Put OptionSTO 1 Jul12 34.00 Put @ 0.72  $72.12

Position Summary

Cost Basis($3,400.00)
Income Generated$72.12
Percent Income Generated2.12%
Annualized Income Generated10.05%
Net Profit If Assigned$72.12
Percent Return If Assigned2.12%
Annualized Return If Assigned10.05%
Days Held to Expiration77 days