Tuesday, August 20, 2013

XEC - New Position

A new CSP position was established today on Cimarex Energy (XEC). All prices include IB commissions.

Dividend Champions Status Near Challenger
Years of Consecutive Dividend Increases4
Fair Value Estimate$100.00
Target Buy Price$60.00
Target Margin of Safety40.00%
Actual Buy Price$75.00
Actual Margin of Safety25.00%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/20/2013XECCSP Margin UsedCSP 100 XEC @ 75.00 ($7,500.00) 
8/20/2013XECInitial Put OptionSTO 1 Sep13 75.00 Put @ 1.19  $118.93

Position Summary

Cost Basis($7,500.00)
Income Generated$118.93
Percent Income Generated1.59%
Annualized Income Generated18.67%
Net Profit If Closed$118.93
Percent Return If Closed1.59%
Annualized Return If Closed18.67%
Days Held to Expiration31 days