Monday, November 26, 2012

VRSN - New Position

A new CSP position was established today on VeriSign (VRSN). All prices include IB commissions.

This is a position which requires a minimum of 15% Downside Protection and 15% Annualized Return.

Downside Protection37.73%
Annualized Return16.90%
Fair Value Estimate$48.00
Target Buy Price$28.80
Target Margin of Safety40.00%
Actual Buy Price$25.00
Actual Margin of Safety47.92%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
11/26/2012VRSNCSP Margin UsedCSP 100 VRSN @ 25.00 ($2,500.00) 
11/26/2012VRSNInitial Put OptionSTO 1 Dec12 25.00 Put @ 0.29  $28.94

Position Summary

Cost Basis($2,500.00)
Income Generated$28.94
Percent Income Generated1.16%
Annualized Income Generated16.90%
Net Profit If Assigned$28.94
Percent Return If Assigned1.16%
Annualized Return If Assigned16.90%
Days Held to Expiration25 days