Investors & Friends:
Here's a summary of our investment actions from the past week.
Option Strategies - Naked Puts
1) Joy Global Inc (Nasdaq: JOYG) - We sold Jan '13 $40.00 puts.
2) General Motors Co (NYSE: GM) - We sold Jan '13 $15.00 puts. It's our view that GM is better positioned than other automakers in the key areas of labor cost, sales outside U.S., and management. Also, the close proximity to the recent IPO is still influencing options pricing, with the options premiums staying elevated relative to the options of other stocks.
3) Pfizer Inc (NYSE: PFE) - We sold Jan '13 $12.50 puts.
4) AT&T Inc (NYSE: T) - We sold Jan '13 $17.50 puts. We also considered Verizon. We kept Verizon on our watchlist pending resolution of the wireless workers' strike.
5) Exxon Mobil Corp (NYSE: XOM) - We sold Jan '13 $35.00 puts.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending August 5, 2011.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
Here's a summary of our investment actions from the past week.
Option Strategies - Naked Puts
1) Joy Global Inc (Nasdaq: JOYG) - We sold Jan '13 $40.00 puts.
2) General Motors Co (NYSE: GM) - We sold Jan '13 $15.00 puts. It's our view that GM is better positioned than other automakers in the key areas of labor cost, sales outside U.S., and management. Also, the close proximity to the recent IPO is still influencing options pricing, with the options premiums staying elevated relative to the options of other stocks.
3) Pfizer Inc (NYSE: PFE) - We sold Jan '13 $12.50 puts.
4) AT&T Inc (NYSE: T) - We sold Jan '13 $17.50 puts. We also considered Verizon. We kept Verizon on our watchlist pending resolution of the wireless workers' strike.
5) Exxon Mobil Corp (NYSE: XOM) - We sold Jan '13 $35.00 puts.
Click here for the Investrio Stock Selector Fund Bull and Bear Market Indicators Report for the week ending August 5, 2011.
Click here for upcoming IPOs.
Lead Fund Manager
Investrio
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