Wednesday, October 24, 2012

PH - New Position

A new CSP position was established today on Parker Hannifin Corp (PH). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases56
Fair Value Estimate$105.00
Target Buy Price$73.50
Target Margin of Safety30.00%
Actual Buy Price$70.00
Actual Margin of Safety33.33%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/24/2012PHCSP Margin UsedCSP 100 PH @ 70.00 ($7,000.00) 
10/24/2012PHInitial Put OptionSTO 1 Dec12 70.00 Put @ 1.46  $145.94

Position Summary

Cost Basis($7,000.00)
Income Generated$145.94
Percent Income Generated2.08%
Annualized Income Generated13.12%
Net Profit If Assigned$145.94
Percent Return If Assigned2.08%
Annualized Return If Assigned13.12%
Days Held to Expiration58 days