A new CSP position was established today on 3M Company (MMM). All prices include IB commissions.
| Criteria | Value |
|---|
| Dividend Champions Status | Champion |
| Years of Consecutive Dividend Increases | 54 |
| Fair Value Estimate | $100.00 |
| Target Buy Price | $80.00 |
| Target Margin of Safety | 20.00% |
| Actual Buy Price | $80.00 |
| Actual Margin of Safety | 20.00% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|
| 3/6/2012 | MMM | CSP Margin Used | CSP 100 MMM @ 80.00 | | ($8,000.00) | |
| 3/6/2012 | MMM | Initial Put Option | STO 1 Apr12 80.00 Put @ 0.83 | | | $82.97 |
Position Summary
| Cost Basis | ($8,000.00) |
| Income Generated | $82.97 |
| Percent Income Generated | 1.04% |
| Annualized Income Generated | 8.41% |
| Net Profit If Assigned | $82.97 |
| Percent Return If Assigned | 1.04% |
| Annualized Return If Assigned | 8.41% |
| Days Held to Expiration | 45 days |
