Investors & Friends:
Here's a summary of our investment actions from the past week.
Option Strategies - Naked Puts
Last week the political uncertainty over the debt ceiling and credit rating caused volatility and option premiums to spike. We took advantage and sold several put option contracts.
1) Berkshire Hathaway Inc (NYSE: BRK/B) - We sold Jan '13 $42.50 puts.
2) United Parcel Service Inc (NYSE: UPS) - We sold Jan '13 $37.50 puts.
3) Medtronic Inc (NYSE: MDT) - We sold Jan '13 $20 puts. Note - We also looked at Stryker (SYK), which is also a wide moat company. We selected Medtronic. It's our view that Medtronic has an opportunity and room to trim its work force and boost productivity, and improve its bottom line and margins.
4) iShares Russell 2000 Index Fund (NYSE: IWM) - We sold Jan '13 $35 puts.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending July 29, 2011.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
Etcetera
Steve Forbes' interview with Joel Greenblatt on Forbes.com... the interview centers on Joel’s recent book, The Big Secret for the Small Investor, and Joel’s new concept of “value weighting” a portfolio of stocks. Click here.
Here's a summary of our investment actions from the past week.
Option Strategies - Naked Puts
Last week the political uncertainty over the debt ceiling and credit rating caused volatility and option premiums to spike. We took advantage and sold several put option contracts.
1) Berkshire Hathaway Inc (NYSE: BRK/B) - We sold Jan '13 $42.50 puts.
2) United Parcel Service Inc (NYSE: UPS) - We sold Jan '13 $37.50 puts.
3) Medtronic Inc (NYSE: MDT) - We sold Jan '13 $20 puts. Note - We also looked at Stryker (SYK), which is also a wide moat company. We selected Medtronic. It's our view that Medtronic has an opportunity and room to trim its work force and boost productivity, and improve its bottom line and margins.
4) iShares Russell 2000 Index Fund (NYSE: IWM) - We sold Jan '13 $35 puts.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending July 29, 2011.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
Etcetera
Steve Forbes' interview with Joel Greenblatt on Forbes.com... the interview centers on Joel’s recent book, The Big Secret for the Small Investor, and Joel’s new concept of “value weighting” a portfolio of stocks. Click here.
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