A new CSP position was established today on Altera Corp (ALTR). All prices include IB commissions.
| Criteria | Value |
|---|
| Dividend Champions Status | Challenger |
| Years of Consecutive Dividend Increases | 6 |
| Fair Value Estimate | $41.00 |
| Target Buy Price | $28.70 |
| Target Margin of Safety | 30.00% |
| Actual Buy Price | $32.00 |
| Actual Margin of Safety | 25.71% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|
| 1/24/2013 | ALTR | CSP Margin Used | CSP 100 ALTR @ 32.00 | | ($3,200.00) | |
| 1/24/2013 | ALTR | Initial Put Option | STO 1 Mar13 32.00 Put @ 0.59 | | | $58.93 |
Position Summary
| Cost Basis | ($3,200.00) |
| Income Generated | $58.93 |
| Percent Income Generated | 1.84% |
| Annualized Income Generated | 13.44% |
| Net Profit If Closed | $58.93 |
| Percent Return If Closed | 1.84% |
| Annualized Return If Closed | 13.44% |
| Days Held to Expiration | 50 days |
