Tuesday, January 29, 2013

NVS - New Position

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

Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$69.00
Target Buy Price$55.20
Target Margin of Safety20.00%
Actual Buy Price$65.00
Actual Margin of Safety5.80%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/29/2013NVSCSP Margin UsedCSP 100 NVS @ 65.00 ($6,500.00) 
1/29/2013NVSInitial Put OptionSTO 1 Mar13 65.00 Put @ 0.94  $93.93

Position Summary

Cost Basis($6,500.00)
Income Generated$93.93
Percent Income Generated1.45%
Annualized Income Generated11.72%
Net Profit If Closed$93.93
Percent Return If Closed1.45%
Annualized Return If Closed11.72%
Days Held to Expiration45 days