Tuesday, August 27, 2013

ITC - New Position

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

Dividend Champions StatusChallenger
Years of Consecutive Dividend Increases8
Fair Value Estimate$98.00
Target Buy Price$78.40
Target Margin of Safety20.00%
Actual Buy Price$85.00
Actual Margin of Safety13.27%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/27/2013ITCCSP Margin UsedCSP 100 ITC @ 85.00 ($8,500.00) 
8/27/2013ITCInitial Put OptionSTO 1 Sep13 85.00 Put @ 0.96  $95.93

Position Summary

Cost Basis($8,500.00)
Income Generated$95.93
Percent Income Generated1.13%
Annualized Income Generated17.16%
Net Profit If Closed$95.93
Percent Return If Closed1.13%
Annualized Return If Closed17.16%
Days Held to Expiration24 days