Tuesday, August 20, 2013

BEN - New Position

A new CSP position was established today on Franklin Resources (BEN). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases32
Fair Value Estimate$58.00
Target Buy Price$40.60
Target Margin of Safety30.00%
Actual Buy Price$45.00
Actual Margin of Safety22.41%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/20/2013BENCSP Margin UsedCSP 100 BEN @ 45.00 ($4,500.00) 
8/20/2013BENInitial Put OptionSTO 1 Sep13 45.00 Put @ 0.59  $59.11

Position Summary

Cost Basis($4,500.00)
Income Generated$59.11
Percent Income Generated1.31%
Annualized Income Generated15.47%
Net Profit If Closed$59.11
Percent Return If Closed1.31%
Annualized Return If Closed15.47%
Days Held to Expiration31 days