Wednesday, September 26, 2012

NSC - New Position

A new CSP position was established today on Norfolk Southern Corporation (NSC). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$90.00
Target Buy Price$63.00
Target Margin of Safety30.00%
Actual Buy Price$62.50
Actual Margin of Safety30.56%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/26/2012NSCCSP Margin UsedCSP 100 NSC @ 62.50 ($6,250.00) 
9/26/2012NSCInitial Put OptionSTO 1 Oct12 62.50 Put @ 0.62  $61.94

Position Summary

Cost Basis($6,250.00)
Income Generated$61.94
Percent Income Generated0.99%
Annualized Income Generated15.73%
Net Profit If Assigned$61.94
Percent Return If Assigned0.99%
Annualized Return If Assigned15.73%
Days Held to Expiration23 days

Tuesday, September 25, 2012

SU - New Position

A new CSP position was established today on Suncor Energy (SU). All prices include IB commissions.

CriteriaValue
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
9/25/2012SUCSP Margin UsedCSP 100 SU @ 31.00 ($3,100.00) 
9/25/2012SUInitial Put OptionSTO 1 Oct12 31.00 Put @ 0.28  $27.94

Position Summary

Cost Basis($3,100.00)
Income Generated$27.94
Percent Income Generated0.90%
Annualized Income Generated13.71%
Net Profit If Assigned$27.94
Percent Return If Assigned0.90%
Annualized Return If Assigned13.71%
Days Held to Expiration24 days

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$110.00
Target Buy Price$66.00
Target Margin of Safety40.00%
Actual Buy Price$50.00
Actual Margin of Safety54.55%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/25/2012STRACSP Margin UsedCSP 100 STRA @ 50.00 ($5,000.00) 
9/25/2012STRAInitial Put OptionSTO 1 Oct12 50.00 Put @ 0.43  $42.94

Position Summary

Cost Basis($5,000.00)
Income Generated$42.94
Percent Income Generated0.86%
Annualized Income Generated13.06%
Net Profit If Assigned$42.94
Percent Return If Assigned0.86%
Annualized Return If Assigned13.06%
Days Held to Expiration24 days

EXPD - New Position

A new CSP position was established today on Expeditors International (EXPD). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases18
Fair Value Estimate$51.00
Target Buy Price$35.70
Target Margin of Safety30.00%
Actual Buy Price$35.00
Actual Margin of Safety31.37%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/25/2012EXPDCSP Margin UsedCSP 100 EXPD @ 35.00 ($3,500.00) 
9/25/2012EXPDInitial Put OptionSTO 1 Oct12 35.00 Put @ 0.40  $39.52

Position Summary

Cost Basis($3,500.00)
Income Generated$39.52
Percent Income Generated1.13%
Annualized Income Generated17.17%
Net Profit If Assigned$39.52
Percent Return If Assigned1.13%
Annualized Return If Assigned17.17%
Days Held to Expiration24 days

CSX - New Position

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

CriteriaValue
Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases8
Fair Value Estimate$31.00
Target Buy Price$21.70
Target Margin of Safety30.00%
Actual Buy Price$20.00
Actual Margin of Safety35.48%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/25/2012CSXCSP Margin UsedCSP 200 CSX @ 20.00 ($4,000.00) 
9/25/2012CSXInitial Put OptionSTO 2 Oct12 20.00 Put @ 0.21  $42.48

Position Summary

Cost Basis($4,000.00)
Income Generated$42.48
Percent Income Generated1.06%
Annualized Income Generated16.15%
Net Profit If Assigned$42.48
Percent Return If Assigned1.06%
Annualized Return If Assigned16.15%
Days Held to Expiration24 days

Sunday, September 23, 2012

TBT - Closed

The ProShares UltraShort 20+ Year Treasury (TBT) Sep12 16.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$3,200.00
Net Profit$115.57
Percent Return3.61%
Annualized Return10.14%
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 @ -16.00Called($3,200.00) 
7/27/2012TBTContinued TradeSTO 2 Sep12 16.00 Call @ 0.35Exercised $69.09
9/21/2012TBTStock CalledEX 2 Sep12 16.00 Call @ 16.00  $3,199.93
9/21/2012TBT Net Cost/Profit-Loss ($3,200.00)$115.57
DTE130 Percent Profit-Loss/Annualized 3.61%10.14%

STRA - Closed

The Strayer Education Inc (STRA) Sep12 55.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,500.00
Net Profit$103.94
Percent Return1.89%
Annualized Return13.27%
Days Held to Expiration52 days

Trade History

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 @ 1.04Expired $103.94
9/21/2012STRACSP Margin ReturnedCSP 100 STRA @ -55.00  $5,500.00
9/21/2012STRA Net Cost/Profit-Loss ($5,500.00)$103.94
DTE52 Percent Profit-Loss/Annualized 1.89%13.27%

NVS - Closed

The Novartis (NVS) Sep12 60.00 Call was exercised and the position was closed. All prices include IB commissions.

Note: This was the second position on NVS.

Position Summary

Cost Basis$5,500.00
Net Profit$692.05
Percent Return12.58%
Annualized Return21.66%
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 @ -55.00Called($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 @ 0.54Exercised $54.25
9/21/2012NVSStock CalledEX 1 Sep12 60.00 Call @ 60.00  $5,999.87
9/21/2012NVS Net Cost/Profit-Loss ($5,500.00)$692.05
DTE212 Percent Profit-Loss/Annualized 12.58%21.66%

NVS - Closed

The Novartis (NVS) Sep12 60.00 Call was exercised and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,250.00
Net Profit$972.80
Percent Return18.53%
Annualized Return28.18%
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 @ -52.50Called($5,250.00) 
7/27/2012NVSContinued TradeSTO 1 Sep12 60.00 Call @ 0.54Exercised $54.25
9/21/2012NVSStock CalledEX 1 Sep12 60.00 Call @ 60.00  $5,999.87
9/21/2012NVS Net Cost/Profit-Loss ($5,250.00)$972.80
DTE240 Percent Profit-Loss/Annualized 18.53%28.18%

LOW - Closed

The Lowes Companies Inc (LOW) Sep12 23.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$4,600.00
Net Profit$86.79
Percent Return1.89%
Annualized Return13.24%
Days Held to Expiration52 days

Trade History

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 @ 0.43Expired $86.79
9/21/2012LOWCSP Margin ReturnedCSP 200 LOW @ -23.00  $4,600.00
9/21/2012LOW Net Cost/Profit-Loss ($4,600.00)$86.79
DTE52 Percent Profit-Loss/Annualized 1.89%13.24%

CHRW - Closed

The CH Robinson Worldwide (CHRW) Sep12 50.00 Put expired and the position was closed. All prices include IB commissions.

Position Summary

Cost Basis$5,000.00
Net Profit$93.94
Percent Return1.88%
Annualized Return13.19%
Days Held to Expiration52 days

Trade History

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 @ 0.94Expired $93.94
9/21/2012CHRWCSP Margin ReturnedCSP 100 CHRW @ -50.00  $5,000.00
9/21/2012CHRW Net Cost/Profit-Loss ($5,000.00)$93.94
DTE52 Percent Profit-Loss/Annualized 1.88%13.19%

Friday, September 14, 2012

TBT - Adjustment

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

This is the fourth position on TBT.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/14/2012TBTContinued TradeSTO 2 Oct12 18.00 Call @ 0.40  $79.08

Current Position Summary

Cost Basis($3,600.00)
Income Generated$218.48
Percent Income Generated6.07%
Annualized Income Generated9.23%
Net Profit If Assigned$218.48
Percent Return If Assigned6.07%
Annualized Return If Assigned9.23%
Days Held to Expiration240 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/22/2012TBTCSP Margin UsedCSP 200 TBT @ 18.00 ($3,600.00) 
2/22/2012TBTInitial Put OptionSTO 2 Apr12 18.00 Put @ 0.43Expired $86.55
5/4/2012TBTContinued TradeSTO 2 May12 18.00 Put @ 0.26Exercised $52.85
5/18/2012TBTCSP Margin ReturnedCSP 200 TBT @ -18.00 $3,600.00 
5/18/2012TBTStock AssignedEX 2 May12 18.00 Put @ -18.00 ($3,600.00) 
9/14/2012TBTContinued TradeSTO 2 Oct12 18.00 Call @ 0.40  $79.08
10/19/2012TBT Totals ($3,600.00)$218.48
DTE240 Percent Income/Annualized 6.07%9.23%

BDX - Adjustment

The following adjustment was made today on Becton Dickinson and Company (BDX). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Fair Value Estimate$89.00*
Target Buy Price$71.20
Target Margin of Safety20.00%
Actual Buy Price$80.00
Actual Margin of Safety10.11%

*Fair Value was lowered from $98 to $89 since inception which lowered my Margin of Safety.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
9/14/2012BDXContinued TradeSTO 1 Oct12 80.00 Call @ 0.84  $83.94

Current Position Summary

Cost Basis($8,000.00)
Income Generated$695.88
Percent Income Generated8.70%
Annualized Income Generated6.16%
Net Profit If Assigned$695.88
Percent Return If Assigned8.70%
Annualized Return If Assigned6.16%
Days Held to Expiration515 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011BDXCSP Margin UsedCSP 100 BDX @ 80.00 ($8,000.00) 
5/23/2011BDXInitial Put OptionSTO 1 Sep11 80.00 Put @ 1.44Exercised $143.98
9/16/2011BDXCSP Margin ReturnedCSP 100 BDX @ -80.00 $8,000.00 
9/16/2011BDXStock AssignedEX 1 Sep11 80.00 Put @ -80.00 ($8,000.00) 
9/27/2011BDXContinued TradeSTO 1 Nov11 80.00 Call @ 1.78Expired $177.72
12/30/2011BDXDividend ReceivedDIV 100 Dividend @ 0.45  $45.00
1/24/2012BDXContinued TradeSTO 1 Feb12 80.00 Call @ 0.76ex $76.27
3/30/2012BDXDividend ReceivedDIV 100 Dividend @ 0.45  $45.00
4/3/2012BDXContinued TradeSTO 1 May12 80.00 Call @ 0.79Expired $78.97
6/29/2012BDXDividend ReceivedDIV 100 Dividend @ 0.45  $45.00
9/14/2012BDXContinued TradeSTO 1 Oct12 80.00 Call @ 0.84  $83.94
10/19/2012BDX Totals ($8,000.00)$695.88
DTE515 Percent Income/Annualized 8.70%6.16%

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
9/14/2012AVPContinued TradeSTO 2 Oct12 19.00 Call @ 0.14  $28.48

Current Position Summary

Cost Basis($5,200.00)
Income Generated$464.08
Percent Income Generated8.92%
Annualized Income Generated6.33%
Net Profit If Assigned($935.92)
Percent Return If Assigned-18.00%
Annualized Return If Assigned-12.76%
Days Held to Expiration515 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 @ 0.09Expired $18.49
9/4/2012AVPDividend ReceivedDIV 200 Dividend @ 0.23  $46.00
9/14/2012AVPContinued TradeSTO 2 Oct12 19.00 Call @ 0.14  $28.48
10/19/2012AVP Totals ($5,200.00)$464.08
DTE515 Percent Income/Annualized 8.92%6.33%