Friday, August 30, 2013

OXY - New Position

A new CSP position was established today on Occidental Petroleum (OXY). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$102.00
Target Buy Price$71.40
Target Margin of Safety30.00%
Actual Buy Price$85.00
Actual Margin of Safety16.67%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/30/2013OXYCSP Margin UsedCSP 100 OXY @ 85.00 ($8,500.00) 
8/30/2013OXYInitial Put OptionSTO 1 Sep13 85.00 Put @ 0.87  $86.93

Position Summary

Cost Basis($8,500.00)
Income Generated$86.93
Percent Income Generated1.02%
Annualized Income Generated17.78%
Net Profit If Closed$86.93
Percent Return If Closed1.02%
Annualized Return If Closed17.78%
Days Held to Expiration21 days