Friday, January 25, 2013

ROVI - New Position

A new CSP position was established today on Rovi Corp (ROVI). All prices include IB commissions.

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

Downside Protection14.01%
Annualized Return18.46%
Fair Value Estimate$25.00
Target Buy Price$12.50
Target Margin of Safety50.00%
Actual Buy Price$15.00
Actual Margin of Safety40.00%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2013ROVICSP Margin UsedCSP 100 ROVI @ 15.00 ($1,500.00) 
1/25/2013ROVIInitial Put OptionSTO 1 Feb13 15.00 Put @ 0.16  $15.93

Position Summary

Cost Basis($1,500.00)
Income Generated$15.93
Percent Income Generated1.06%
Annualized Income Generated18.46%
Net Profit If Closed$15.93
Percent Return If Closed1.06%
Annualized Return If Closed18.46%
Days Held to Expiration21 days