Wednesday, November 23, 2011

JNJ - New Position

A new CSP position was established today on Johnson and Johnson (JNJ). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases49
Fair Value Estimate$77.00
Target Buy Price$61.60
Target Margin of Safety20.00%
Actual Buy Price$60.00
Actual Margin of Safety22.08%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/23/2011JNJCSP Margin UsedCSP 100 JNJ @ 60.00 ($6,000.00) 
11/23/2011JNJInitial Put OptionSTO 1 Dec11 60.00 Put @ 0.76  $75.98

Position Summary

Cost Basis($6,000.00)
Income Generated$75.98
Percent Income Generated1.27%
Annualized Income Generated20.10%
Net Profit If Assigned$75.98
Percent Return If Assigned1.27%
Annualized Return If Assigned20.10%
Days Held to Expiration23 days