Monday, November 26, 2012

GES - New Position

A new CSP position was established today on Guess (GES). All prices include IB commissions.

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

Downside Protection16.49%
Annualized Return16.31%
Fair Value Estimate$43.00
Target Buy Price$25.80
Target Margin of Safety40.00%
Actual Buy Price$21.00
Actual Margin of Safety51.16%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/26/2012GESCSP Margin UsedCSP 100 GES @ 21.00 ($2,100.00) 
11/26/2012GESInitial Put OptionSTO 1 Jan13 21.00 Put @ 0.50  $49.74

Position Summary

Cost Basis($2,100.00)
Income Generated$49.74
Percent Income Generated2.37%
Annualized Income Generated16.31%
Net Profit If Assigned$49.74
Percent Return If Assigned2.37%
Annualized Return If Assigned16.31%
Days Held to Expiration53 days