Tuesday, December 4, 2012

TEX - New Position

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

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

Downside Protection15.27%
Annualized Return18.13%
Fair Value Estimate$33.00
Target Buy Price$19.80
Target Margin of Safety40.00%
Actual Buy Price$21.00
Actual Margin of Safety36.36%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
12/4/2012TEXCSP Margin UsedCSP 100 TEX @ 21.00 ($2,100.00) 
12/4/2012TEXInitial Put OptionSTO 1 Jan13 21.00 Put @ 0.47  $46.94

Position Summary

Cost Basis($2,100.00)
Income Generated$46.94
Percent Income Generated2.24%
Annualized Income Generated18.13%
Net Profit If Closed$46.94
Percent Return If Closed2.24%
Annualized Return If Closed18.13%
Days Held to Expiration45 days