Investors & Friends:
Here's a summary of our investment actions from the past week.
Option Strategies - Covered Calls
1) Blackstone Group LP (NYSE: BX) - Our Dec calls reached 80+% of their maximum value, so we closed them out. We're looking to sell another round when the premiums improve.
Option Strategies - Naked Puts
2) Holly Corp (NYSE: HOC) - We sold December out-of-the-money puts.
3) Nasdaq OMX Group Inc (Nasdaq: NDAQ) - We sold December out-of-the-money puts.
IPO Opportunities
4) We sold A123 Systems Inc (Nasdaq: AONE) on 10/1 @ $23.56 for a 21.6% gain.
Return calculation = ($23.56 sale price - $19.37 buy price) / $19.37 buy price = 21.6%
Short Strategies
5) We bought ProShares UltraShort FTSE Xinhua China 25 (NYSE: FXP) on 9/30 @ $9.87.
The Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending 10-2 is attached.
Lead Fund Manager
Investrio
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