Tuesday, September 25, 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$31.00
Actual Margin of Safety40.38%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/25/2012SUCSP Margin UsedCSP 100 SU @ 31.00 ($3,100.00) 
9/25/2012SUInitial Put OptionSTO 1 Oct12 31.00 Put @ 0.28  $27.94

Position Summary

Cost Basis($3,100.00)
Income Generated$27.94
Percent Income Generated0.90%
Annualized Income Generated13.71%
Net Profit If Assigned$27.94
Percent Return If Assigned0.90%
Annualized Return If Assigned13.71%
Days Held to Expiration24 days