A new CSP position was established today on Altera Corp (ALTR). All prices include IB commissions.
| Criteria | Value |
|---|
| Dividend Champions Status | Challenger |
| Years of Consecutive Dividend Increases | 7 |
| Fair Value Estimate | $41.00 |
| Target Buy Price | $28.70 |
| Target Margin of Safety | 30.00% |
| Actual Buy Price | $34.00 |
| Actual Margin of Safety | 17.07% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|
| 7/31/2013 | ALTR | CSP Margin Used | CSP 100 ALTR @ 34.00 | | ($3,400.00) | |
| 7/31/2013 | ALTR | Initial Put Option | STO 1 Aug13 34.00 Put @ 0.20 | | | $19.63 |
Position Summary
| Cost Basis | ($3,400.00) |
| Income Generated | $19.63 |
| Percent Income Generated | 0.58% |
| Annualized Income Generated | 13.17% |
| Net Profit If Closed | $19.63 |
| Percent Return If Closed | 0.58% |
| Annualized Return If Closed | 13.17% |
| Days Held to Expiration | 16 days |
