Tuesday, February 5, 2013

FSLR - New Position

A new CSP position was established today on First Solar (FSLR). All prices include IB commissions.

This non-Dividend Champion position meets the minimum requirement of 12% Downside Protection and 12% Annualized Return.

Downside Protection24.75%
Annualized Return13.94%
Fair Value Estimate$37.00
Target Buy Price$18.50
Target Margin of Safety50.00%
Actual Buy Price$22.00
Actual Margin of Safety40.54%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/5/2013FSLRCSP Margin UsedCSP 100 FSLR @ 22.00 ($2,200.00) 
2/5/2013FSLRInitial Put OptionSTO 1 Mar13 22.00 Put @ 0.32  $31.93

Position Summary

Cost Basis($2,200.00)
Income Generated$31.93
Percent Income Generated1.45%
Annualized Income Generated13.94%
Net Profit If Closed$31.93
Percent Return If Closed1.45%
Annualized Return If Closed13.94%
Days Held to Expiration38 days