Thursday, January 31, 2013

FCN - New Position

A new CSP position was established today on FTI Consulting (FCN). All prices include IB commissions.

This non-Dividend Champion position meets the minimum requirement of 12% Downside Protection and 12% Annualized Return.

Downside Protection15.10%
Annualized Return13.56%
Fair Value Estimate$39.00
Target Buy Price$27.30
Target Margin of Safety30.00%
Actual Buy Price$28.00
Actual Margin of Safety28.21%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/31/2013FCNCSP Margin UsedCSP 100 FCN @ 28.00 ($2,800.00) 
1/31/2013FCNInitial Put OptionSTO 1 Mar13 28.00 Put @ 0.45  $44.73

Position Summary

Cost Basis($2,800.00)
Income Generated$44.73
Percent Income Generated1.60%
Annualized Income Generated13.56%
Net Profit If Closed$44.73
Percent Return If Closed1.60%
Annualized Return If Closed13.56%
Days Held to Expiration43 days