Tuesday, July 31, 2012

STRA - New Position

A new CSP position was established today on Strayer Education Inc (STRA). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases8
Fair Value Estimate$130.00
Target Buy Price$78.00
Target Margin of Safety40.00%
Actual Buy Price$55.00
Actual Margin of Safety57.69%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2012STRACSP Margin UsedCSP 100 STRA @ 55.00 ($5,500.00) 
7/31/2012STRAInitial Put OptionSTO 1 Sep12 55.00 Put @ 1.04  $103.94

Position Summary

Cost Basis($5,500.00)
Income Generated$103.94
Percent Income Generated1.89%
Annualized Income Generated13.27%
Net Profit If Assigned$103.94
Percent Return If Assigned1.89%
Annualized Return If Assigned13.27%
Days Held to Expiration52 days

LOW - New Position

A new CSP position was established today on Lowes Companies Inc (LOW). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases50
Fair Value Estimate$34.00
Target Buy Price$23.80
Target Margin of Safety30.00%
Actual Buy Price$23.00
Actual Margin of Safety32.35%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2012LOWCSP Margin UsedCSP 200 LOW @ 23.00 ($4,600.00) 
7/31/2012LOWInitial Put OptionSTO 2 Sep12 23.00 Put @ 0.43  $86.79

Position Summary

Cost Basis($4,600.00)
Income Generated$86.79
Percent Income Generated1.89%
Annualized Income Generated13.24%
Net Profit If Assigned$86.79
Percent Return If Assigned1.89%
Annualized Return If Assigned13.24%
Days Held to Expiration52 days

CHRW - New Position

A new CSP position was established today on CH Robinson Worldwide (CHRW). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases15
Fair Value Estimate$73.00
Target Buy Price$51.10
Target Margin of Safety30.00%
Actual Buy Price$50.00
Actual Margin of Safety31.51%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2012CHRWCSP Margin UsedCSP 100 CHRW @ 50.00 ($5,000.00) 
7/31/2012CHRWInitial Put OptionSTO 1 Sep12 50.00 Put @ 0.94  $93.94

Position Summary

Cost Basis($5,000.00)
Income Generated$93.94
Percent Income Generated1.88%
Annualized Income Generated13.19%
Net Profit If Assigned$93.94
Percent Return If Assigned1.88%
Annualized Return If Assigned13.19%
Days Held to Expiration52 days

Friday, July 27, 2012

TEVA - Adjustment

The following adjustment was made today on Teva Pharmaceutical Industries Ltd (TEVA). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases13
Fair Value Estimate$55.00
Target Buy Price$38.50
Target Margin of Safety30.00%
Actual Buy Price$40.00
Actual Margin of Safety27.27%

*Fair Value was lowered from $58 to $55 since inception which lowered my 31.03% Margin of Safety to 27.27%.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/27/2012TEVAContinued TradeSTO 1 Sep12 45.00 Call @ 0.25  $25.24

Current Position Summary

Cost Basis($4,000.00)
Income Generated$95.48
Percent Income Generated2.39%
Annualized Income Generated4.76%
Net Profit If Assigned$595.48
Percent Return If Assigned14.89%
Annualized Return If Assigned29.69%
Days Held to Expiration183 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
3/22/2012TEVACSP Margin UsedCSP 100 TEVA @ 40.00 ($4,000.00) 
3/22/2012TEVAInitial Put OptionSTO 1 May12 40.00 Put @ 0.51Exercised $50.97
5/18/2012TEVACSP Margin ReturnedCSP 100 TEVA @ -40.00 $4,000.00 
5/18/2012TEVAStock AssignedEX 1 May12 40.00 Put @ -40.00 ($4,000.00) 
6/25/2012TEVAContinued TradeSTO 1 Jul12 42.50 Call @ 0.19Expired $19.27
7/27/2012TEVAContinued TradeSTO 1 Sep12 45.00 Call @ 0.25  $25.24
9/21/2012TEVA Totals ($4,000.00)$95.48
DTE183 Percent Income/Annualized 2.39%4.76%

TBT - Adjustment

The following adjustment was made today on ProShares UltraShort 20+ Year Treasury (TBT). All prices include IB commissions.

This is the fifth position on TBT.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/27/2012TBTContinued TradeSTO 2 Sep12 16.00 Call @ 0.35  $69.09

Current Position Summary

Cost Basis($3,200.00)
Income Generated$115.64
Percent Income Generated3.61%
Annualized Income Generated10.15%
Net Profit If Assigned$115.64
Percent Return If Assigned3.61%
Annualized Return If Assigned10.15%
Days Held to Expiration130 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/14/2012TBTCSP Margin UsedCSP 200 TBT @ 16.00 ($3,200.00) 
5/14/2012TBTContinued TradeSTO 2 Jun12 16.00 Put @ 0.23Exercised $46.55
6/15/2012TBTCSP Margin ReturnedCSP 200 TBT @ -16.00 $3,200.00 
6/15/2012TBTStock AssignedEX 2 Jun12 16.00 Put @ -16.00 ($3,200.00) 
7/27/2012TBTContinued TradeSTO 2 Sep12 16.00 Call @ 0.35  $69.09
9/21/2012TBT Totals ($3,200.00)$115.64
DTE130 Percent Income/Annualized 3.61%10.15%

NVS - Adjustment

The following adjustment was made today on Novartis (NVS). All prices include IB commissions.

This is the second position on NVS.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$69.00*
Target Buy Price$55.20
Target Margin of Safety20.00%
Actual Buy Price$52.50
Actual Margin of Safety23.91%

*Fair Value was lowered from $71 to $69 since inception which lowered my 26.06% Margin of Safety to 23.91%.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/27/2012NVSContinued TradeSTO 1 Sep12 60.00 Call @ 0.54  $54.25

Current Position Summary

Cost Basis($5,500.00)
Income Generated$192.19
Percent Income Generated3.49%
Annualized Income Generated6.02%
Net Profit If Assigned$692.19
Percent Return If Assigned12.59%
Annualized Return If Assigned21.67%
Days Held to Expiration212 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/22/2012NVSCSP Margin UsedCSP 100 NVS @ 55.00 ($5,500.00) 
2/22/2012NVSInitial Put OptionSTO 1 Mar12 55.00 Put @ 0.79Exercised $78.97
3/16/2012NVSCSP Margin ReturnedCSP 100 NVS @ -55.00 $5,500.00 
3/16/2012NVSStock AssignedEX 1 Mar12 55.00 Put @ -55.00 ($5,500.00) 
3/19/2012NVSContinued TradeSTO 1 May12 57.50 Call @ 0.59Expired $58.97
7/27/2012NVSContinued TradeSTO 1 Sep12 60.00 Call @ 0.54  $54.25
9/21/2012NVS Totals ($5,500.00)$192.19
DTE212 Percent Income/Annualized 3.49%6.02%

NVS - Adjustment

The following adjustment was made today on Novartis (NVS). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$69.00*
Target Buy Price$55.20
Target Margin of Safety20.00%
Actual Buy Price$55.00
Actual Margin of Safety20.29%

*Fair Value was lowered from $71 to $69 since inception with no impact on my original Margin of Safety.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/27/2012NVSContinued TradeSTO 1 Sep12 60.00 Call @ 0.54  $54.25

Current Position Summary

Cost Basis($5,250.00)
Income Generated$222.94
Percent Income Generated4.25%
Annualized Income Generated6.46%
Net Profit If Assigned$972.94
Percent Return If Assigned18.53%
Annualized Return If Assigned28.18%
Days Held to Expiration240 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2012NVSCSP Margin UsedCSP 100 NVS @ 52.50 ($5,250.00) 
1/25/2012NVSInitial Put OptionSTO 1 Mar12 52.50 Put @ 1.18Expired $117.97
3/22/2012NVSContinued TradeSTO 1 May12 52.50 Put @ 0.51Exercised $50.72
5/18/2012NVSCSP Margin ReturnedCSP 100 NVS @ -52.50 $5,250.00 
5/18/2012NVSStock AssignedEX 1 May12 52.50 Put @ -52.50 ($5,250.00) 
7/27/2012NVSContinued TradeSTO 1 Sep12 60.00 Call @ 0.54  $54.25
9/21/2012NVS Totals ($5,250.00)$222.94
DTE240 Percent Income/Annualized 4.25%6.46%

AVP - Adjustment

The following adjustment was made today on Avon Products Inc (AVP). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases22
Fair Value Estimate$23.00*
Target Buy Price$11.50
Target Margin of Safety50.00%
Actual Buy Price$26.00
Actual Margin of Safety-13.04%

*Fair Value was lowered from $36 to $23 since inception which turned my 27.78% Margin of Safety into a 13.04% premium.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/27/2012AVPContinued TradeSTO 2 Aug12 19.00 Call @ 0.09  $18.49

Current Position Summary

Cost Basis($5,200.00)
Income Generated$389.60
Percent Income Generated7.49%
Annualized Income Generated6.05%
Net Profit If Assigned($1,010.40)
Percent Return If Assigned-19.43%
Annualized Return If Assigned-15.69%
Days Held to Expiration452 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011AVPCSP Margin UsedCSP 200 AVP @ 26.00 ($5,200.00) 
5/23/2011AVPInitial Put OptionSTO 2 Oct11 26.00 Put @ 0.82Exercised $164.56
10/21/2011AVPCSP Margin ReturnedCSP 200 AVP @ -26.00 $5,200.00 
10/21/2011AVPStock AssignedEX 2 Oct11 26.00 Put @ -26.00 ($5,200.00) 
12/1/2011AVPDividend ReceivedDIV 200 Dividend @ 0.23  $46.00
3/1/2012AVPDividend ReceivedDIV 200 Dividend @ 0.23  $46.00
4/4/2012AVPContinued TradeSTO 2 May12 25.00 Call @ 0.34Expired $68.55
6/1/2012AVPDividend ReceivedDIV 200 Dividend @ 0.23  $46.00
7/27/2012AVPContinued TradeSTO 2 Aug12 19.00 Call @ 0.09  $18.49
8/17/2012AVP Totals ($5,200.00)$389.60
DTE452 Percent Income/Annualized 7.49%6.05%

Sunday, July 22, 2012

UTX - Closed

The United Technologies (UTX) Jul12 70.00 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary

Cost Basis$7,000.00
Net Profit$57.97
Percent Return0.83%
Annualized Return12.09%
Days Held to Expiration25 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/25/2012UTXCSP Margin UsedCSP 100 UTX @ 70.00 ($7,000.00) 
6/25/2012UTXInitial Put OptionSTO 1 Jul12 70.00 Put @ 0.58  $57.97
7/20/2012UTXCSP Margin ReturnedCSP 100 UTX @ -70.00  $7,000.00
7/20/2012UTX Net Cost/Profit-Loss ($7,000.00)$57.97
DTE25 Percent Profit-Loss/Annualized 0.83%12.09%

TXN - Closed

The Texas Instruments (TXN) Jul12 26.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,200.00
Net Profit$56.55
Percent Return1.09%
Annualized Return13.69%
Days Held to Expiration29 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012TXNCSP Margin UsedCSP 200 TXN @ 26.00 ($5,200.00) 
6/21/2012TXNInitial Put OptionSTO 2 Jul12 26.00 Put @ 0.28  $56.55
7/20/2012TXNCSP Margin ReturnedCSP 200 TXN @ -26.00  $5,200.00
7/20/2012TXN Net Cost/Profit-Loss ($5,200.00)$56.55
DTE29 Percent Profit-Loss/Annualized 1.09%13.69%

SU - Closed

The Suncor Energy (SU) Jul12 25.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,000.00
Net Profit$86.85
Percent Return1.74%
Annualized Return21.86%
Days Held to Expiration29 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012SUCSP Margin UsedCSP 200 SU @ 25.00 ($5,000.00) 
6/21/2012SUInitial Put OptionSTO 2 Jul12 25.00 Put @ 0.43  $86.85
7/20/2012SUCSP Margin ReturnedCSP 200 SU @ -25.00  $5,000.00
7/20/2012SU Net Cost/Profit-Loss ($5,000.00)$86.85
DTE29 Percent Profit-Loss/Annualized 1.74%21.86%

STRA - Closed

The Strayer Education Inc (STRA) Jul12 80.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$8,000.00
Net Profit$107.97
Percent Return1.35%
Annualized Return16.99%
Days Held to Expiration29 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012STRACSP Margin UsedCSP 100 STRA @ 80.00 ($8,000.00) 
6/21/2012STRAInitial Put OptionSTO 1 Jul12 80.00 Put @ 1.08  $107.97
7/20/2012STRACSP Margin ReturnedCSP 100 STRA @ -80.00  $8,000.00
7/20/2012STRA Net Cost/Profit-Loss ($8,000.00)$107.97
DTE29 Percent Profit-Loss/Annualized 1.35%16.99%

QCOM - Closed

The Qualcomm (QCOM) Jul12 50.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,000.00
Net Profit$59.97
Percent Return1.20%
Annualized Return15.10%
Days Held to Expiration29 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012QCOMCSP Margin UsedCSP 100 QCOM @ 50.00 ($5,000.00) 
6/21/2012QCOMInitial Put OptionSTO 1 Jul12 50.00 Put @ 0.60  $59.97
7/20/2012QCOMCSP Margin ReturnedCSP 100 QCOM @ -50.00  $5,000.00
7/20/2012QCOM Net Cost/Profit-Loss ($5,000.00)$59.97
DTE29 Percent Profit-Loss/Annualized 1.20%15.10%

PH - Closed

The Parker Hannifin Corp (PH) Jul12 70.00 expired and the position was closed. All prices include IB commissions.

Note: This was the second position on PH.

Position Summary

Cost Basis$7,000.00
Net Profit$99.55
Percent Return1.42%
Annualized Return21.63%
Days Held to Expiration24 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/26/2012PHCSP Margin UsedCSP 100 PH @ 70.00 ($7,000.00) 
6/26/2012PHInitial Put OptionSTO 1 Jun12 70.00 Put @ 1.00  $99.55
7/20/2012PHCSP Margin ReturnedCSP 100 PH @ -70.00  $7,000.00
7/20/2012PH Net Cost/Profit-Loss ($7,000.00)$99.55
DTE24 Percent Profit-Loss/Annualized 1.42%21.63%

PH - Closed

The Parker Hannifin Corp (PH) Jul12 75.00 expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$7,500.00
Net Profit$96.97
Percent Return1.29%
Annualized Return15.73%
Days Held to Expiration30 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/20/2012PHCSP Margin UsedCSP 100 PH @ 75.00 ($7,500.00) 
6/20/2012PHInitial Put OptionSTO 1 Jul12 75.00 Put @ 0.97  $96.97
7/20/2012PHCSP Margin ReturnedCSP 100 PH @ -75.00  $7,500.00
7/20/2012PH Net Cost/Profit-Loss ($7,500.00)$96.97
DTE30 Percent Profit-Loss/Annualized 1.29%15.73%

PG - Closed

The Procter and Gamble (PG) Jul12 60.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$6,000.00
Net Profit$115.23
Percent Return1.92%
Annualized Return23.37%
Days Held to Expiration30 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/20/2012PGCSP Margin UsedCSP 100 PG @ 60.00 ($6,000.00) 
6/20/2012PGInitial Put OptionSTO 1 Jul12 60.00 Put @ 1.15  $115.23
7/20/2012PGCSP Margin ReturnedCSP 100 PG @ -60.00  $6,000.00
7/20/2012PG Net Cost/Profit-Loss ($6,000.00)$115.23
DTE30 Percent Profit-Loss/Annualized 1.92%23.37%

OXY - Closed

The Occidental Petroleum Corporation (OXY) Jul12 75.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$7,500.00
Net Profit$141.12
Percent Return1.88%
Annualized Return23.68%
Days Held to Expiration29 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012OXYCSP Margin UsedCSP 100 OXY @ 75.00 ($7,500.00) 
6/21/2012OXYInitial Put OptionSTO 1 Jul12 75.00 Put @ 1.41  $141.12
7/20/2012OXYCSP Margin ReturnedCSP 100 OXY @ -75.00  $7,500.00
7/20/2012OXY Net Cost/Profit-Loss ($7,500.00)$141.12
DTE29 Percent Profit-Loss/Annualized 1.88%23.68%

NUE - Closed

The Nucor Corporation (NUE) Jul12 34.00 Put expired and the position was closed. All prices include IB commissions.

Closed Position Summary

Cost Basis$3,400.00
Net Profit$72.12
Percent Return2.12%
Annualized Return10.05%
Days Held to Expiration77 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/4/2012NUECSP Margin UsedCSP 100 NUE @ 34.00 ($3,400.00) 
5/4/2012NUEInitial Put OptionSTO 1 Jul12 34.00 Put @ 0.72  $72.12
7/20/2012NUECSP Margin ReturnedCSP 100 NUE @ -34.00  $3,400.00
7/20/2012NUE Net Cost/Profit-Loss ($3,400.00)$72.12
DTE77 Percent Profit-Loss/Annualized 2.12%10.05%

EMR - Closed

The Emerson Electric Co (EMR) Jul12 42.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$4,200.00
Net Profit$34.97
Percent Return0.83%
Annualized Return12.16%
Days Held to Expiration25 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/25/2012EMRCSP Margin UsedCSP 100 EMR @ 42.00 ($4,200.00) 
6/25/2012EMRInitial Put OptionSTO 1 Jul12 42.00 Put @ 0.35  $34.97
7/20/2012EMRCSP Margin ReturnedCSP 100 EMR @ -42.00  $4,200.00
7/20/2012EMR Net Cost/Profit-Loss ($4,200.00)$34.97
DTE25 Percent Profit-Loss/Annualized 0.83%12.16%

DOV - Closed

The Dover Corp (DOV) Jul12 50.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,000.00
Net Profit$49.55
Percent Return0.99%
Annualized Return12.47%
Days Held to Expiration29 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012DOVCSP Margin UsedCSP 100 DOV @ 50.00 ($5,000.00) 
6/21/2012DOVInitial Put OptionSTO 1 Jul12 50.00 Put @ 0.50  $49.55
7/20/2012DOVCSP Margin ReturnedCSP 100 DOV @ -50.00  $5,000.00
7/20/2012DOV Net Cost/Profit-Loss ($5,000.00)$49.55
DTE29 Percent Profit-Loss/Annualized 0.99%12.47%

BHP - Closed

The BHP Billiton Ltd. (BHP) Jul12 57.50 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,750.00
Net Profit$73.12
Percent Return1.27%
Annualized Return16.01%
Days Held to Expiration29 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
6/21/2012BHPCSP Margin UsedCSP 100 BHP @ 57.50 ($5,750.00) 
6/21/2012BHPInitial Put OptionSTO 1 Jul12 57.50 Put @ 0.73  $73.12
7/20/2012BHPCSP Margin ReturnedCSP 100 BHP @ -57.50  $5,750.00
7/20/2012BHP Net Cost/Profit-Loss ($5,750.00)$73.12
DTE29 Percent Profit-Loss/Annualized 1.27%16.01%