Thursday, January 3, 2013

BDX - Adjustment

The following adjustment was made today on Becton Dickinson and Company (BDX). All prices include IB commissions.

CriteriaValue
Dividend Champions StatusChampion
Years of Consecutive Dividend Increases38
Fair Value Estimate$89.00*
Target Buy Price$71.20
Target Margin of Safety20.00%
Actual Buy Price$80.00
Actual Margin of Safety10.11%

*Fair Value was lowered from $98 to $89 since inception which lowered my Margin of Safety.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/3/2013BDXContinued TradeSTO 1 Feb13 80.00 Call @ 1.60  $159.73

Current Position Summary

Cost Basis($8,000.00)
Income Generated$950.11
Percent Income Generated11.88%
Annualized Income Generated6.84%
Net Profit If Closed$950.11
Percent Return If Closed11.88%
Annualized Return If Closed6.84%
Days Held to Expiration634 days

Trade History

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011BDXInitial Put OptionSTO 1 Sep11 80.00 Put @ 1.44Exercised $143.98
9/16/2011BDXCSP Margin ReturnedCSP 100 BDX @ -80.00 $8,000.00 
9/16/2011BDXStock AssignedEX 1 Sep11 80.00 Put @ -80.00 ($8,000.00) 
9/27/2011BDXContinued TradeSTO 1 Nov11 80.00 Call @ 1.78Expired $177.72
12/30/2011BDXDividend ReceivedDIV 100 Dividend @ 0.45  $45.00
1/24/2012BDXContinued TradeSTO 1 Feb12 80.00 Call @ 0.76Expired $76.27
3/30/2012BDXDividend ReceivedDIV 100 Dividend @ 0.45  $45.00
4/3/2012BDXContinued TradeSTO 1 May12 80.00 Call @ 0.79Expired $78.97
6/29/2012BDXDividend ReceivedDIV 100 Dividend @ 0.45  $45.00
9/14/2012BDXContinued TradeSTO 1 Oct12 80.00 Call @ 0.84Expired $83.94
9/28/2012BDXDividend ReceivedDIV 100 Dividend @ 0.45  $45.00
12/31/2012BDXDividend ReceivedDIV 100 Dividend @ 0.50  $49.50
1/3/2013BDXContinued TradeSTO 1 Feb13 80.00 Call @ 1.60  $159.73
2/15/2013BDX Totals ($8,000.00)$950.11
DTE634 Percent Income/Annualized 11.88%6.84%