Tuesday, November 1, 2011

MDT - New Position

A new CSP position was established today on Medtronic Inc (MDT). All prices include IB commissions.

Note: This is the second position on MDT.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases33
Fair Value Estimate$46.00
Target Buy Price$32.30
Target Margin of Safety30.00%
Actual Buy Price$30.00
Actual Margin of Safety34.78%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/1/2011MDTCSP Margin UsedCSP 100 MDT @ 30.00 ($3,000.00) 
11/1/2011MDTInitial Put OptionSTO 1 Dec11 30.00 Put @ 0.60  $59.98

Position Summary

Cost Basis($3,000.00)
Income Generated$59.98
Percent Income Generated2.00%
Annualized Income Generated16.22%
Net Profit If Assigned$59.98
Percent Return If Assigned2.00%
Annualized Return If Assigned16.22%
Days Held to Expiration45 days