Wednesday, January 23, 2013

NAV - New Position

A new CSP position was established today on Navistar International (NAV). All prices include IB commissions.

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

Downside Protection19.26%
Annualized Return16.77%
Fair Value Estimate$36.00
Target Buy Price$18.00
Target Margin of Safety50.00%
Actual Buy Price$19.00
Actual Margin of Safety47.22%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/23/2013NAVCSP Margin UsedCSP 100 NAV @ 19.00 ($1,900.00) 
1/23/2013NAVInitial Put OptionSTO 1 Mar13 19.00 Put @ 0.45  $44.51

Position Summary

Cost Basis($1,900.00)
Income Generated$44.51
Percent Income Generated2.34%
Annualized Income Generated16.77%
Net Profit If Closed$44.51
Percent Return If Closed2.34%
Annualized Return If Closed16.77%
Days Held to Expiration51 days