Thursday, June 21, 2012

QCOM - New Position

A new CSP position was established today on Qualcomm (QCOM). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$70.00
Target Buy Price$49.00
Target Margin of Safety30.00%
Actual Buy Price$50.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012QCOMCSP Margin UsedCSP 100 QCOM @ 50.00 ($5,000.00) 
6/21/2012QCOMInitial Put OptionSTO 1 Jul12 50.00 Put @ 0.60  $59.97

Position Summary

Cost Basis($5,000.00)
Income Generated$59.97
Percent Income Generated1.20%
Annualized Income Generated15.10%
Net Profit If Assigned$59.97
Percent Return If Assigned1.20%
Annualized Return If Assigned15.10%
Days Held to Expiration29 days