A new CSP position was established today on NetApp, Inc (NTAP). All prices include IB commissions.
This non-Dividend Champion position meets the minimum requirement of 12% Downside Protection and 12% Annualized Return.
| Criteria | Value |
|---|---|
| Downside Protection | 14.45% |
| Annualized Return | 15.10% |
| Fair Value Estimate | $39.00 |
| Target Buy Price | $27.30 |
| Target Margin of Safety | 30.00% |
| Actual Buy Price | $31.00 |
| Actual Margin of Safety | 20.51% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 1/25/2013 | NTAP | CSP Margin Used | CSP 100 NTAP @ 31.00 | ($3,100.00) | ||
| 1/25/2013 | NTAP | Initial Put Option | STO 1 Feb13 31.00 Put @ 0.27 | $26.93 |
Position Summary
| Cost Basis | ($3,100.00) |
| Income Generated | $26.93 |
| Percent Income Generated | 0.87% |
| Annualized Income Generated | 15.10% |
| Net Profit If Closed | $26.93 |
| Percent Return If Closed | 0.87% |
| Annualized Return If Closed | 15.10% |
| Days Held to Expiration | 21 days |
