Friday, October 26, 2012

OXY - New Position

A new CSP position was established today on Occidental Petroleum (OXY). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases10
Fair Value Estimate$108.00
Target Buy Price$75.60
Target Margin of Safety30.00%
Actual Buy Price$75.00
Actual Margin of Safety30.56%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
10/26/2012OXYCSP Margin UsedCSP 100 OXY @ 75.00 ($7,500.00) 
10/26/2012OXYInitial Put OptionSTO 1 Dec12 75.00 Put @ 1.62  $161.94

Position Summary

Cost Basis($7,500.00)
Income Generated$161.94
Percent Income Generated2.16%
Annualized Income Generated14.07%
Net Profit If Assigned$161.94
Percent Return If Assigned2.16%
Annualized Return If Assigned14.07%
Days Held to Expiration56 days