Investors & Friends:

Here's a summary of our investment actions from the past week.

Option Strategies - Covered Calls

1) United States Oil Fund LP (NYSE: USO) was above the $33.00 strike price when July options expired this past week. So, we were paid $33.00 for our shares. Our cost was $29.27 ($30.82 share price - $1.55 sales proceeds from selling call), resulting in a +12.8% return.

2) Intel Corp (Nasdaq: INTC) was above the $17.00 strike price when July options expired this past week. So, we were paid $17.00 for our shares. Our cost was $19.29 ($23.29 share price - $0.70 dividends from 5 quarters - $3.30 sales proceeds from selling 4 rounds of calls), resulting in a -11.9% return. We remain long-term bullish on Intel and may rebuild a position if the stock pulls back and gives us an opportunity.

Short Sale Strategies

3) We built a small short position in Fedex (NYSE: FDX) @ $55.71 on 7/6, and bought to cover @ 54.83 on 7/13, resulting in a +1.6% return.

The Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending 7-17 is attached.

Lead Fund Manager
Investrio