A new CSP position was established today on ITC Holdings (ITC). All prices include IB commissions.
| Criteria | Value |
|---|
| Dividend Champions Status | Challenger |
| Years of Consecutive Dividend Increases | 8 |
| Fair Value Estimate | $98.00 |
| Target Buy Price | $78.40 |
| Target Margin of Safety | 20.00% |
| Actual Buy Price | $85.00 |
| Actual Margin of Safety | 13.27% |
| Date | Stock | Description | Transaction | Status | Stock Investment | Income Generated |
|---|
| 8/27/2013 | ITC | CSP Margin Used | CSP 100 ITC @ 85.00 | | ($8,500.00) | |
| 8/27/2013 | ITC | Initial Put Option | STO 1 Sep13 85.00 Put @ 0.96 | | | $95.93 |
Position Summary
| Cost Basis | ($8,500.00) |
| Income Generated | $95.93 |
| Percent Income Generated | 1.13% |
| Annualized Income Generated | 17.16% |
| Net Profit If Closed | $95.93 |
| Percent Return If Closed | 1.13% |
| Annualized Return If Closed | 17.16% |
| Days Held to Expiration | 24 days |
