Wednesday, July 31, 2013

QCOM - New Position

A new CSP position was established today on Qualcomm (QCOM). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$75.00
Target Buy Price$52.50
Target Margin of Safety30.00%
Actual Buy Price$62.50
Actual Margin of Safety16.67%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2013QCOMCSP Margin UsedCSP 100 QCOM @ 62.50 ($6,250.00) 
7/31/2013QCOMInitial Put OptionSTO 1 Aug13 62.50 Put @ 0.29  $28.93

Position Summary

Cost Basis($6,250.00)
Income Generated$28.93
Percent Income Generated0.46%
Annualized Income Generated10.56%
Net Profit If Closed$28.93
Percent Return If Closed0.46%
Annualized Return If Closed10.56%
Days Held to Expiration16 days

NUE - New Position

A new CSP position was established today on Nucor Corporation (NUE). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases40
Fair Value Estimate$53.00
Target Buy Price$31.80
Target Margin of Safety40.00%
Actual Buy Price$45.00
Actual Margin of Safety15.09%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2013NUECSP Margin UsedCSP 100 NUE @ 45.00 ($4,500.00) 
7/31/2013NUEInitial Put OptionSTO 1 Aug13 45.00 Put @ 0.24  $24.25

Position Summary

Cost Basis($4,500.00)
Income Generated$24.25
Percent Income Generated0.54%
Annualized Income Generated12.29%
Net Profit If Closed$24.25
Percent Return If Closed0.54%
Annualized Return If Closed12.29%
Days Held to Expiration16 days

MSFT - New Position

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

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$35.00
Target Buy Price$24.50
Target Margin of Safety30.00%
Actual Buy Price$31.00
Actual Margin of Safety11.43%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2013MSFTCSP Margin UsedCSP 100 MSFT @ 31.00 ($3,100.00) 
7/31/2013MSFTInitial Put OptionSTO 1 Aug13 31.00 Put @ 0.25  $25.25

Position Summary

Cost Basis($3,100.00)
Income Generated$25.25
Percent Income Generated0.81%
Annualized Income Generated18.58%
Net Profit If Closed$25.25
Percent Return If Closed0.81%
Annualized Return If Closed18.58%
Days Held to Expiration16 days

KO - New Position

A new CSP position was established today on Coca Cola Company (KO). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases51
Fair Value Estimate$45.00
Target Buy Price$36.00
Target Margin of Safety20.00%
Actual Buy Price$40.00
Actual Margin of Safety11.11%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2013KOCSP Margin UsedCSP 100 KO @ 40.00 ($4,000.00) 
7/31/2013KOInitial Put OptionSTO 1 Aug13 40.00 Put @ 0.36  $35.93

Position Summary

Cost Basis($4,000.00)
Income Generated$35.93
Percent Income Generated0.90%
Annualized Income Generated20.49%
Net Profit If Closed$35.93
Percent Return If Closed0.90%
Annualized Return If Closed20.49%
Days Held to Expiration16 days

BHP - New Position

A new CSP position was established today on BHP Billiton Ltd. (BHP). All prices include IB commissions.

This is the second position on BHP. The first position is a CC.

CriteriaValue
Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$80.00
Target Buy Price$56.00
Target Margin of Safety30.00%
Actual Buy Price$55.00
Actual Margin of Safety31.25%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2013BHPCSP Margin UsedCSP 100 BHP @ 55.00 ($5,500.00) 
7/31/2013BHPInitial Put OptionSTO 1 Aug13 55.00 Put @ 0.27  $26.93

Position Summary

Cost Basis($5,500.00)
Income Generated$26.93
Percent Income Generated0.49%
Annualized Income Generated11.17%
Net Profit If Closed$26.93
Percent Return If Closed0.49%
Annualized Return If Closed11.17%
Days Held to Expiration16 days

ALTR - New Position

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

CriteriaValue
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

Monday, July 29, 2013

Name Change

I decide to change the name of this blog from "My Covered Call Blog" to "Covered Calls and Cash Secured Puts", which is a more appropriate name.

TBT - New Position

A new CSP position was established today on ProShares UltraShort 20+ Year Treasury ETF (TBT). All prices include IB commissions.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/29/2013TBTCSP Margin UsedCSP 100 TBT @ 72.00 ($7,200.00) 
7/29/2013TBTInitial Put OptionSTO 1 Aug13 72.00 Put @ 0.58  $58.25

Position Summary

Cost Basis($7,200.00)
Income Generated$58.25
Percent Income Generated0.81%
Annualized Income Generated16.41%
Net Profit If Closed$58.25
Percent Return If Closed0.81%
Annualized Return If Closed16.41%
Days Held to Expiration18 days

SVXY - New Position

A new CSP position was established today on ProShares Short VIX Short-Term Futures ETF (SVXY). All prices include IB commissions.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/29/2013SVXYCSP Margin UsedCSP 100 SVXY @ 80.00 ($8,000.00) 
7/29/2013SVXYInitial Put OptionSTO 1 Aug13 80.00 Put @ 0.50  $49.63

Position Summary

Cost Basis($8,000.00)
Income Generated$49.63
Percent Income Generated0.62%
Annualized Income Generated12.58%
Net Profit If Closed$49.63
Percent Return If Closed0.62%
Annualized Return If Closed12.58%
Days Held to Expiration18 days

SIL - New Position

A new CSP position was established today on Global X Silver Miners ETF (SIL). All prices include IB commissions.

This is the second position on SIL. The first position is a CC.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/29/2013SILCSP Margin UsedCSP 100 SIL @ 13.00 ($1,300.00) 
7/29/2013SILInitial Put OptionSTO 1 Aug13 13.00 Put @ 0.24  $24.11

Position Summary

Cost Basis($1,300.00)
Income Generated$24.11
Percent Income Generated1.85%
Annualized Income Generated37.61%
Net Profit If Closed$24.11
Percent Return If Closed1.85%
Annualized Return If Closed37.61%
Days Held to Expiration18 days

GDX - New Position

A new CSP position was established today on Market Vectors Gold Miners ETF (GDX). All prices include IB commissions.

This is the second position on GDX. The first position is a CC.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/29/2013GDXCSP Margin UsedCSP 100 GDX @ 24.00 ($2,400.00) 
7/29/2013GDXInitial Put OptionSTO 1 Aug13 24.00 Put @ 0.16  $15.93

Position Summary

Cost Basis($2,400.00)
Income Generated$15.93
Percent Income Generated0.66%
Annualized Income Generated13.46%
Net Profit If Closed$15.93
Percent Return If Closed0.66%
Annualized Return If Closed13.46%
Days Held to Expiration18 days