Monday, February 4, 2013

X - New Position

A new CSP position was established today on United States Steel (X). All prices include IB commissions.

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

Downside Protection15.14%
Annualized Return11.29%
Fair Value Estimate$33.00
Target Buy Price$16.50
Target Margin of Safety50.00%
Actual Buy Price$19.00
Actual Margin of Safety42.42%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
2/4/2013XCSP Margin UsedCSP 100 X @ 19.00 ($1,900.00) 
2/4/2013XInitial Put OptionSTO 1 Mar13 19.00 Put @ 0.23  $22.93

Position Summary

Cost Basis($1,900.00)
Income Generated$22.93
Percent Income Generated1.21%
Annualized Income Generated11.29%
Net Profit If Closed$22.93
Percent Return If Closed1.21%
Annualized Return If Closed11.29%
Days Held to Expiration39 days