Friday, January 25, 2013

SKX - New Position

A new CSP position was established today on Skechers (SKX). All prices include IB commissions.

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

Downside Protection13.76%
Annualized Return18.59%
Fair Value Estimate$22.00
Target Buy Price$13.20
Target Margin of Safety40.00%
Actual Buy Price$16.00
Actual Margin of Safety27.27%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
1/25/2013SKXCSP Margin UsedCSP 100 SKX @ 16.00 ($1,600.00) 
1/25/2013SKXInitial Put OptionSTO 1 Mar13 16.00 Put @ 0.40  $39.93

Position Summary

Cost Basis($1,600.00)
Income Generated$39.93
Percent Income Generated2.50%
Annualized Income Generated18.59%
Net Profit If Closed$39.93
Percent Return If Closed2.50%
Annualized Return If Closed18.59%
Days Held to Expiration49 days