Wednesday, July 31, 2013

QCOM - New Position

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

Dividend Champions StatusContender
Years of Consecutive Dividend Increases11
Fair Value Estimate$75.00
Target Buy Price$52.50
Target Margin of Safety30.00%
Actual Buy Price$62.50
Actual Margin of Safety16.67%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
7/31/2013QCOMCSP Margin UsedCSP 100 QCOM @ 62.50 ($6,250.00) 
7/31/2013QCOMInitial Put OptionSTO 1 Aug13 62.50 Put @ 0.29  $28.93

Position Summary

Cost Basis($6,250.00)
Income Generated$28.93
Percent Income Generated0.46%
Annualized Income Generated10.56%
Net Profit If Closed$28.93
Percent Return If Closed0.46%
Annualized Return If Closed10.56%
Days Held to Expiration16 days