Sunday, October 4, 2009

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

No comments:

Post a Comment