Thursday, January 24, 2013

JCP - New Position

A new CSP position was established today on J.C. Penny Co (JCP). All prices include IB commissions.

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

Downside Protection33.26%
Annualized Return13.44%
Fair Value Estimate$38.00
Target Buy Price$22.80
Target Margin of Safety40.00%
Actual Buy Price$13.00
Actual Margin of Safety65.79%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/24/2013JCPCSP Margin UsedCSP 100 JCP @ 13.00 ($1,300.00) 
1/24/2013JCPInitial Put OptionSTO 1 Mar13 13.00 Put @ 0.24  $23.93

Position Summary

Cost Basis($1,300.00)
Income Generated$23.93
Percent Income Generated1.84%
Annualized Income Generated13.44%
Net Profit If Closed$23.93
Percent Return If Closed1.84%
Annualized Return If Closed13.44%
Days Held to Expiration50 days