Tuesday, August 27, 2013

HFC - New Position

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

Dividend Champions StatusContender
Years of Consecutive Dividend Increases19
Fair Value Estimate$53.00
Target Buy Price$26.50
Target Margin of Safety50.00%
Actual Buy Price$42.50
Actual Margin of Safety19.81%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/27/2013HFCCSP Margin UsedCSP 100 HFC @ 42.50 ($4,250.00) 
8/27/2013HFCInitial Put OptionSTO 1 Sep13 42.50 Put @ 0.66  $65.93

Position Summary

Cost Basis($4,250.00)
Income Generated$65.93
Percent Income Generated1.55%
Annualized Income Generated23.59%
Net Profit If Closed$65.93
Percent Return If Closed1.55%
Annualized Return If Closed23.59%
Days Held to Expiration24 days