Thursday, January 24, 2013

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$41.00
Target Buy Price$28.70
Target Margin of Safety30.00%
Actual Buy Price$32.00
Actual Margin of Safety25.71%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/24/2013ALTRCSP Margin UsedCSP 100 ALTR @ 32.00 ($3,200.00) 
1/24/2013ALTRInitial Put OptionSTO 1 Mar13 32.00 Put @ 0.59  $58.93

Position Summary

Cost Basis($3,200.00)
Income Generated$58.93
Percent Income Generated1.84%
Annualized Income Generated13.44%
Net Profit If Closed$58.93
Percent Return If Closed1.84%
Annualized Return If Closed13.44%
Days Held to Expiration50 days