Friday, May 4, 2012

OXY - New Position

A new CSP position was established today on Occidental Petroleum (OXY). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$108.00
Target Buy Price$75.60
Target Margin of Safety30.00%
Actual Buy Price$75.00
Actual Margin of Safety30.56%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/4/2012OXYCSP Margin UsedCSP 100 OXY @ 75.00 ($7,500.00) 
5/4/2012OXYInitial Put OptionSTO 1 Jun12 75.00 Put @ 0.57  $56.97

Position Summary

Cost Basis($7,500.00)
Income Generated$56.97
Percent Income Generated0.76%
Annualized Income Generated6.60%
Net Profit If Assigned$56.97
Percent Return If Assigned0.76%
Annualized Return If Assigned6.60%
Days Held to Expiration42 days