A new CSP position was established today on Novartis (NVS). All prices include IB commissions.
| Criteria | Value |
|---|
| Dividend Champions Status | Contender |
| Years of Consecutive Dividend Increases | 11 |
| Fair Value Estimate | $69.00 |
| Target Buy Price | $55.20 |
| Target Margin of Safety | 20.00% |
| Actual Buy Price | $65.00 |
| Actual Margin of Safety | 5.80% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|
| 1/29/2013 | NVS | CSP Margin Used | CSP 100 NVS @ 65.00 | | ($6,500.00) | |
| 1/29/2013 | NVS | Initial Put Option | STO 1 Mar13 65.00 Put @ 0.94 | | | $93.93 |
Position Summary
| Cost Basis | ($6,500.00) |
| Income Generated | $93.93 |
| Percent Income Generated | 1.45% |
| Annualized Income Generated | 11.72% |
| Net Profit If Closed | $93.93 |
| Percent Return If Closed | 1.45% |
| Annualized Return If Closed | 11.72% |
| Days Held to Expiration | 45 days |
