Wednesday, October 24, 2012

ALTR - New Position

A new CSP position was established today on Altera Corp (ALTR). All prices include IB commissions.

Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases6
Fair Value Estimate$42.00
Target Buy Price$29.40
Target Margin of Safety30.00%
Actual Buy Price$27.00
Actual Margin of Safety35.71%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/24/2012ALTRCSP Margin UsedCSP 100 ALTR @ 27.00 ($2,700.00) 
10/24/2012ALTRInitial Put OptionSTO 1 Dec12 27.00 Put @ 0.55  $54.94

Position Summary

Cost Basis($2,700.00)
Income Generated$54.94
Percent Income Generated2.03%
Annualized Income Generated12.81%
Net Profit If Assigned$54.94
Percent Return If Assigned2.03%
Annualized Return If Assigned12.81%
Days Held to Expiration58 days