Tuesday, February 5, 2013

GES - New Position

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

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

Downside Protection13.72%
Annualized Return12.19%
Fair Value Estimate$37.00
Target Buy Price$22.20
Target Margin of Safety40.00%
Actual Buy Price$22.80
Actual Margin of Safety38.38%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/5/2013GESCSP Margin UsedCSP 100 GES @ 22.80 ($2,280.00) 
2/5/2013GESInitial Put OptionSTO 1 Mar13 22.80 Put @ 0.29  $28.93

Position Summary

Cost Basis($2,280.00)
Income Generated$28.93
Percent Income Generated1.27%
Annualized Income Generated12.19%
Net Profit If Closed$28.93
Percent Return If Closed1.27%
Annualized Return If Closed12.19%
Days Held to Expiration38 days