Friday, August 30, 2013

SIL - New Position

A new CSP position was established today on Global X Silver Miners ETF (SIL). All prices include IB commissions.

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

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
8/30/2013SILCSP Margin UsedCSP 100 SIL @ 14.00 ($1,400.00) 
8/30/2013SILInitial Put OptionSTO 1 Sep13 14.00 Put @ 0.14  $14.11

Position Summary

Cost Basis($1,400.00)
Income Generated$14.11
Percent Income Generated1.01%
Annualized Income Generated17.52%
Net Profit If Closed$14.11
Percent Return If Closed1.01%
Annualized Return If Closed17.52%
Days Held to Expiration21 days