Wednesday, November 23, 2011

PH - New Position

A new CSP position was established today on Parker Hannifin Corp (PH). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases54
Fair Value Estimate$97.00
Target Buy Price$67.90
Target Margin of Safety30.00%
Actual Buy Price$70.00
Actual Margin of Safety27.84%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/23/2011PHCSP Margin UsedCSP 100 PH @ 70.00 ($7,000.00) 
11/23/2011PHInitial Put OptionSTO 1 Dec11 70.00 Put @ 1.35  $134.55

Position Summary

Cost Basis($7,000.00)
Income Generated$134.55
Percent Income Generated1.92%
Annualized Income Generated30.50%
Net Profit If Assigned$134.55
Percent Return If Assigned1.92%
Annualized Return If Assigned30.50%
Days Held to Expiration23 days