Thursday, June 21, 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
6/21/2012OXYCSP Margin UsedCSP 100 OXY @ 75.00 ($7,500.00) 
6/21/2012OXYInitial Put OptionSTO 1 Jul12 75.00 Put @ 1.41  $141.12

Position Summary

Cost Basis($7,500.00)
Income Generated$141.12
Percent Income Generated1.88%
Annualized Income Generated23.68%
Net Profit If Assigned$141.12
Percent Return If Assigned1.88%
Annualized Return If Assigned23.68%
Days Held to Expiration29 days