Thursday, October 25, 2012

CNX - New Position

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

This is a position which requires a minimum of 15% Downside Protection and 15% Annualized Return.

Downside Protection19.41%
Annualized Return16.18%
Fair Value Estimate$45.00
Target Buy Price$27.00
Target Margin of Safety40.00%
Actual Buy Price$29.00
Actual Margin of Safety35.56%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/25/2012CNXCSP Margin UsedCSP 100 CNX @ 29.00 ($2,900.00) 
10/25/2012CNXInitial Put OptionSTO 1 Jan13 29.00 Put @ 1.09  $109.24

Position Summary

Cost Basis($2,900.00)
Income Generated$109.24
Percent Income Generated3.77%
Annualized Income Generated16.18%
Net Profit If Assigned$109.24
Percent Return If Assigned3.77%
Annualized Return If Assigned16.18%
Days Held to Expiration85 days