Tuesday, August 27, 2013

BRCM - New Position

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

Dividend Champions StatusNear Challenger
Years of Consecutive Dividend Increases4
Fair Value Estimate$35.00
Target Buy Price$21.00
Target Margin of Safety40.00%
Actual Buy Price$24.00
Actual Margin of Safety31.43%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/27/2013BRCMCSP Margin UsedCSP 100 BRCM @ 24.00 ($2,400.00) 
8/27/2013BRCMInitial Put OptionSTO 1 Sep13 24.00 Put @ 0.40  $40.48

Position Summary

Cost Basis($2,400.00)
Income Generated$40.48
Percent Income Generated1.69%
Annualized Income Generated25.65%
Net Profit If Closed$40.48
Percent Return If Closed1.69%
Annualized Return If Closed25.65%
Days Held to Expiration24 days