Thursday, June 21, 2012

SU - New Position

A new CSP position was established today on Suncor Energy (SU). All prices include IB commissions.

Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases7
Fair Value Estimate$52.00
Target Buy Price$36.40
Target Margin of Safety30.00%
Actual Buy Price$25.00
Actual Margin of Safety51.92%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012SUCSP Margin UsedCSP 200 SU @ 25.00 ($5,000.00) 
6/21/2012SUInitial Put OptionSTO 2 Jul12 25.00 Put @ 0.43  $86.85

Position Summary

Cost Basis($5,000.00)
Income Generated$86.85
Percent Income Generated1.74%
Annualized Income Generated21.86%
Net Profit If Assigned$86.85
Percent Return If Assigned1.74%
Annualized Return If Assigned21.86%
Days Held to Expiration29 days