Wednesday, July 31, 2013

ALTR - New Position

A new CSP position was established today on Altera Corp (ALTR). All prices include IB commissions.

Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases7
Fair Value Estimate$41.00
Target Buy Price$28.70
Target Margin of Safety30.00%
Actual Buy Price$34.00
Actual Margin of Safety17.07%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2013ALTRCSP Margin UsedCSP 100 ALTR @ 34.00 ($3,400.00) 
7/31/2013ALTRInitial Put OptionSTO 1 Aug13 34.00 Put @ 0.20  $19.63

Position Summary

Cost Basis($3,400.00)
Income Generated$19.63
Percent Income Generated0.58%
Annualized Income Generated13.17%
Net Profit If Closed$19.63
Percent Return If Closed0.58%
Annualized Return If Closed13.17%
Days Held to Expiration16 days