A new CSP position was established today on Altera Corp (ALTR). All prices include IB commissions.
| Criteria | Value |
|---|
| Dividend Champions Status | Challenger |
| Years of Consecutive Dividend Increases | 6 |
| Fair Value Estimate | $42.00 |
| Target Buy Price | $29.40 |
| Target Margin of Safety | 30.00% |
| Actual Buy Price | $27.00 |
| Actual Margin of Safety | 35.71% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|
| 10/24/2012 | ALTR | CSP Margin Used | CSP 100 ALTR @ 27.00 | | ($2,700.00) | |
| 10/24/2012 | ALTR | Initial Put Option | STO 1 Dec12 27.00 Put @ 0.55 | | | $54.94 |
Position Summary
| Cost Basis | ($2,700.00) |
| Income Generated | $54.94 |
| Percent Income Generated | 2.03% |
| Annualized Income Generated | 12.81% |
| Net Profit If Assigned | $54.94 |
| Percent Return If Assigned | 2.03% |
| Annualized Return If Assigned | 12.81% |
| Days Held to Expiration | 58 days |
