A new CSP position was established today on Occidental Petroleum (OXY). All prices include IB commissions.
| Criteria | Value |
|---|
| Dividend Champions Status | Contender |
| Years of Consecutive Dividend Increases | 11 |
| Fair Value Estimate | $102.00 |
| Target Buy Price | $71.40 |
| Target Margin of Safety | 30.00% |
| Actual Buy Price | $85.00 |
| Actual Margin of Safety | 16.67% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|
| 8/30/2013 | OXY | CSP Margin Used | CSP 100 OXY @ 85.00 | | ($8,500.00) | |
| 8/30/2013 | OXY | Initial Put Option | STO 1 Sep13 85.00 Put @ 0.87 | | | $86.93 |
Position Summary
| Cost Basis | ($8,500.00) |
| Income Generated | $86.93 |
| Percent Income Generated | 1.02% |
| Annualized Income Generated | 17.78% |
| Net Profit If Closed | $86.93 |
| Percent Return If Closed | 1.02% |
| Annualized Return If Closed | 17.78% |
| Days Held to Expiration | 21 days |
