Friday, August 30, 2013

GDX - New Position

A new CSP position was established today on Market Vectors Gold Miners ETF (GDX). All prices include IB commissions.

This is the second position on GDX. The first position is a CC.

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/30/2013GDXCSP Margin UsedCSP 100 GDX @ 25.00 ($2,500.00) 
8/30/2013GDXInitial Put OptionSTO 1 Sep13 25.00 Put @ 0.25  $24.93

Position Summary

Cost Basis($2,500.00)
Income Generated$24.93
Percent Income Generated1.00%
Annualized Income Generated17.33%
Net Profit If Closed$24.93
Percent Return If Closed1.00%
Annualized Return If Closed17.33%
Days Held to Expiration21 days