The following adjustment was made today on Dover Corp (DOV). All prices include IB commissions.
| Criteria | Value |
|---|---|
| Dividend Champions Status | Champion |
| Years of Consecutive Dividend Increases | 55 |
| Fair Value Estimate | $73.00* |
| Target Buy Price | $51.10 |
| Target Margin of Safety | 30.00% |
| Actual Buy Price | $55.00 |
| Actual Margin of Safety | 24.66% |
*The Fair value was lowered from $77.00 to $73.00 during the holding period, which lowered my Margin of Safety.
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 11/29/2011 | DOV | Continued Trade | STO 1 Jan12 55.00 Call @ 2.23 | $222.97 |
Current Position Summary
| Cost Basis | ($5,500.00) |
| Income Generated | $488.93 |
| Percent Income Generated | 8.89% |
| Annualized Income Generated | 13.41% |
| Net Profit If Assigned | $488.93 |
| Percent Return If Assigned | 8.89% |
| Annualized Return If Assigned | 13.41% |
| Days Held to Expiration | 242 days |
Trade History
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 5/23/2011 | DOV | CSP Margin Used | CSP 100 DOV @ 55.00 | ($5,500.00) | ||
| 5/23/2011 | DOV | Initial Put Option | STO 1 Sep11 55.00 Put @ 1.39 | Exercised | $138.98 | |
| 9/16/2011 | DOV | CSP Margin Returned | CSP 100 DOV @ -55.00 | $5,500.00 | ||
| 9/16/2011 | DOV | Stock Assigned | EX 1 Sep11 55.00 Put @ -55.00 | ($5,500.00) | ||
| 9/27/2011 | DOV | Continued Trade | STO 1 Nov11 55.00 Call @ 1.27 | Expired | $126.98 | |
| 11/29/2011 | DOV | Continued Trade | STO 1 Jan12 55.00 Call @ 2.23 | $222.97 | ||
| 1/20/2012 | DOV | Totals | ($5,500.00) | $488.93 | ||
| DTE | 242 | Percent Income/Annualized | 8.89% | 13.41% |
