A new CSP position was established today on Schnitzer Steel Industries (SCHN). 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 | 12.78% |
| Annualized Return | 13.39% |
| Fair Value Estimate | $44.00 |
| Target Buy Price | $26.40 |
| Target Margin of Safety | 40.00% |
| Actual Buy Price | $27.00 |
| Actual Margin of Safety | 38.64% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 1/24/2013 | SCHN | CSP Margin Used | CSP 100 SCHN @ 27.00 | ($2,700.00) | ||
| 1/24/2013 | SCHN | Initial Put Option | STO 1 Mar13 27.00 Put @ 0.50 | $49.51 |
Position Summary
| Cost Basis | ($2,700.00) |
| Income Generated | $49.51 |
| Percent Income Generated | 1.83% |
| Annualized Income Generated | 13.39% |
| Net Profit If Closed | $49.51 |
| Percent Return If Closed | 1.83% |
| Annualized Return If Closed | 13.39% |
| Days Held to Expiration | 50 days |
