Following are the activity from the previous month:
a)
Liquidated the following long positions: Becton
Dickinson (BDX) at $73.41 for a 4.5% gain, Owens & Minor (OMI) at $30.55
for an 8.66% gain, US Bancorp (UDB) at $25.28 for a 3.73% gain, Pfizer Inc
(PFE) at $19.95 for a 9.86% loss, and Google (GOOG) at $623.21 for a 17.86%
gain.
b)
Closed the following short put positions: Berkshire
Hathaway (BRK.B) shares (Jan 2012 75) for a 0.15% positive return on the
overall portfolio, Wells Fargo (WFC) shares (Apr 2012 22) for a 0.10% positive
return on the overall portfolio, Weyerhauser (WY) shares (Jan 2012 20) for a
0.18% negative return on the overall portfolio, and Cisco (CSCO) shares (Jan
2012 20) for a 0.05% positive return on the overall portfolio.
c)
Opened covered calls (short call) on Diebold (DBD)
shares (May 2012 30) at $2.90.
d)
Opened long calls on Apple (AAPL) shares (Feb 2012 380
at $22.75) with ~1% of our overall portfolio value.
The cash position in our portfolio is at 28.14%.
Portfolio Update:
The overall portfolio is slightly ahead of our cost-basis.
Transactions Summary:
Excluding dividends, we have a realized loss of 0.56% in the
portfolio.
We also have several options positions:
Short Puts: Click
Software (CKSW) shares (May 2012 7.5), Applied Materials (AMAT) shares (Apr
2012 10), Ameritrade (AMTD) shares (Feb 2012 14), H&R Block (HRB) shares
(Jan 2012 10 at $1.60 and 12.5 at $2.30), Alcoa (AA) shares (Jan 2012 15 at
$1.70), and Cameco (CCJ) shares (Jan 2012 22.5 at $1.60) with a cash coverage
requirement of about 38.82% of our cash position.
Short Calls:
Diebold (DBD) shares (May 2012 35 written at $3.40).
Long Calls: Apple
(AAPL) shares (Feb 2012 380 bought at $21.75) with ~1% of total portfolio
value.
Watch List:
Automatic Data Processing (ADP), Amgen (AMGN), Air Products & Chemicals
(APD), Brown-Foreman (BF-B), Bemis Company (BMS), Canon (CAJ), Church &
Dwight Company (CHD), Canadian National Railway (CNI), Cresud (CRESY), Darden’s
Restaurants (DRI), Emerson Electric (EMR), Giant Interactive Group (GA), Kaman
Corporation (KAMN), Coca Cola (KO), McGraw Hill (MHP), 3M Company (MMM),
PepsiCo (PEP), Teva Pharmaceuticals (TEVA), VF Corporation (VFC), and Whirlpool
(WHR).
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