Investors & Friends:
Here's a summary of our investment actions from the past week.
Option Strategies - Covered Calls
1) Our shares of American Axle & Manufacturing Hldngs Inc (NYSE: AXL) were called away on 9/11. Our position gained 157.7%.
Return calculation = ($2.50 strike price - $0.97 cost basis) / $0.97 cost = 157.7%
Long Stocks
2) We sold Google Inc (Nasdaq: GOOG) on 9/16 @ $484.38 for a 22.6% gain.
Return calculation = ($484.38 sale price - $394.95 buy price) / $394.95 buy price = 22.6%
3) We sold New Oriental Education & Technology Group Inc (NYSE: EDU) on 9/16 @ $75.37 for a -5.2% loss.
Return calculation = ($75.37 sale price - $79.50 buy price) / $79.50 buy price = -5.2%
The Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending 9-18 is attached.
Lead Fund Manager
Investrio
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