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.
| Criteria | Value |
|---|---|
| Downside Protection | 33.26% |
| Annualized Return | 13.44% |
| Fair Value Estimate | $38.00 |
| Target Buy Price | $22.80 |
| Target Margin of Safety | 40.00% |
| Actual Buy Price | $13.00 |
| Actual Margin of Safety | 65.79% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 1/24/2013 | JCP | CSP Margin Used | CSP 100 JCP @ 13.00 | ($1,300.00) | ||
| 1/24/2013 | JCP | Initial Put Option | STO 1 Mar13 13.00 Put @ 0.24 | $23.93 |
Position Summary
| Cost Basis | ($1,300.00) |
| Income Generated | $23.93 |
| Percent Income Generated | 1.84% |
| Annualized Income Generated | 13.44% |
| Net Profit If Closed | $23.93 |
| Percent Return If Closed | 1.84% |
| Annualized Return If Closed | 13.44% |
| Days Held to Expiration | 50 days |
