Friday, October 26, 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
10/26/2012SUCSP Margin UsedCSP 100 SU @ 31.00 ($3,100.00) 
10/26/2012SUInitial Put OptionSTO 1 Dec12 31.00 Put @ 0.66  $65.94

Position Summary

Cost Basis($3,100.00)
Income Generated$65.94
Percent Income Generated2.13%
Annualized Income Generated13.86%
Net Profit If Assigned$65.94
Percent Return If Assigned2.13%
Annualized Return If Assigned13.86%
Days Held to Expiration56 days