Friday, August 30, 2013

NUE - New Position

A new CSP position was established today on Nucor Corporation (NUE). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases40
Fair Value Estimate$53.00
Target Buy Price$31.80
Target Margin of Safety40.00%
Actual Buy Price$44.00
Actual Margin of Safety16.98%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/30/2013NUECSP Margin UsedCSP 100 NUE @ 44.00 ($4,400.00) 
8/30/2013NUEInitial Put OptionSTO 1 Sep13 44.00 Put @ 0.44  $44.31

Position Summary

Cost Basis($4,400.00)
Income Generated$44.31
Percent Income Generated1.01%
Annualized Income Generated17.50%
Net Profit If Closed$44.31
Percent Return If Closed1.01%
Annualized Return If Closed17.50%
Days Held to Expiration21 days