A new CSP position was established today on BHP Billiton Ltd. (BHP). All prices include IB commissions.
This is the second position on BHP. The first position is a CC.
| Criteria | Value |
|---|---|
| Dividend Champions Status | Contender |
| Years of Consecutive Dividend Increases | 10 |
| Fair Value Estimate | $80.00 |
| Target Buy Price | $56.00 |
| Target Margin of Safety | 30.00% |
| Actual Buy Price | $55.00 |
| Actual Margin of Safety | 31.25% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|---|---|---|---|---|---|
| 7/31/2013 | BHP | CSP Margin Used | CSP 100 BHP @ 55.00 | ($5,500.00) | ||
| 7/31/2013 | BHP | Initial Put Option | STO 1 Aug13 55.00 Put @ 0.27 | $26.93 |
Position Summary
| Cost Basis | ($5,500.00) |
| Income Generated | $26.93 |
| Percent Income Generated | 0.49% |
| Annualized Income Generated | 11.17% |
| Net Profit If Closed | $26.93 |
| Percent Return If Closed | 0.49% |
| Annualized Return If Closed | 11.17% |
| Days Held to Expiration | 16 days |
