Investors & Friends:
Here's a summary of our investment actions from the past week.
Short Strategies
1) We covered our short position in the St. Joe Company (NYSE: JOE) on 10/30 @ $24.56 for a 9.7% gain. Our target price range was $24.29 - $24.82.
Return calculation = ($27.19 - $24.56) / $27.19 x 100% = 9.7%
Option Strategies - Covered Calls
2) Infinera Corp (Nasdaq: INFN) - Our Jan calls reached 80+% of their maximum value, so we closed them out. We're looking to sell another round when the premiums improve.
3) Blackstone Group LP (NYSE: BX) - We sold Jun $20.00 calls for $0.60.
The Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending 10-30 is attached.
Lead Fund Manager
Investrio
No comments:
Post a Comment