Tuesday, August 20, 2013

CHK - New Position

A new CSP position was established today on Chesapeake Energy (CHK). All prices include IB commissions.

Dividend Champions StatusFrozen Angel
Years of Consecutive Dividend Increases8 of 9
Fair Value Estimate$31.00
Target Buy Price$18.60
Target Margin of Safety40.00%
Actual Buy Price$24.00
Actual Margin of Safety22.58%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/20/2013CHKCSP Margin UsedCSP 100 CHK @ 24.00 ($2,400.00) 
8/20/2013CHKInitial Put OptionSTO 1 Sep13 24.00 Put @ 0.39  $38.93

Position Summary

Cost Basis($2,400.00)
Income Generated$38.93
Percent Income Generated1.62%
Annualized Income Generated19.10%
Net Profit If Closed$38.93
Percent Return If Closed1.62%
Annualized Return If Closed19.10%
Days Held to Expiration31 days