Friday, May 4, 2012

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 Increases56
Fair Value Estimate$105.00
Target Buy Price$73.50
Target Margin of Safety30.00%
Actual Buy Price$75.00
Actual Margin of Safety28.57%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/4/2012PHCSP Margin UsedCSP 100 PH @ 75.00 ($7,500.00) 
5/4/2012PHInitial Put OptionSTO 1 Jun12 75.00 Put @ 0.65  $64.55

Position Summary

Cost Basis($7,500.00)
Income Generated$64.55
Percent Income Generated0.86%
Annualized Income Generated7.48%
Net Profit If Assigned$64.55
Percent Return If Assigned0.86%
Annualized Return If Assigned7.48%
Days Held to Expiration42 days