Monday, February 4, 2013

GD - New Position

A new CSP position was established today on General Dynamics (GD). All prices include IB commissions.

Dividend Champions StatusContender
Years of Consecutive Dividend Increases21
Fair Value Estimate$82.00
Target Buy Price$57.40
Target Margin of Safety30.00%
Actual Buy Price$62.50
Actual Margin of Safety23.78%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/4/2013GDCSP Margin UsedCSP 100 GD @ 62.50 ($6,250.00) 
2/4/2013GDInitial Put OptionSTO 1 Mar13 62.50 Put @ 1.00  $99.51

Position Summary

Cost Basis($6,250.00)
Income Generated$99.51
Percent Income Generated1.59%
Annualized Income Generated14.90%
Net Profit If Closed$99.51
Percent Return If Closed1.59%
Annualized Return If Closed14.90%
Days Held to Expiration39 days