Following are the activity from the previous month:
a)
Closed the following long positions: Harleysville Group
(HGIC) at $57.02 for a 87.15% gain and 1.62% impact to the portfolio.
b)
Opened the following long positions: Cameco Corporation
(CCJ) shares (Jan 2012 22.5) was assigned to us on 12/29/2011 for a 1.75%
position, Alcoa Inc (AA) shares (Jan 2012 15) was assigned to us on 1/21/2012
for a 1.63% position, and Clearwire (CLWR) at $1.98 for a 1.57% position.
c)
Closed the following short put positions: H&R Block(HRB)
shares (Jan 2012 10 and Jan 2012 12) for a 0.29% positive return on the overall
portfolio.
The cash position in our portfolio is at 25.01%.
Portfolio Update:
The overall portfolio is slightly ahead of our cost-basis.
2012 Transactions
Summary:
Excluding dividends, we have a realized gain of 2.11% 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), and Ameritrade (AMTD) shares (Feb 2012 14) with a cash coverage
requirement of about 21% 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), Beam Inc (BEAM), Bemis Company (BMS), Canon (CAJ), Church & Dwight
Company (CHD), Canadian National Railway (CNI), Cresud (CRESY), Darden’s
Restaurants (DRI), Emerson Electric (EMR), Kaman Corporation (KAMN), Coca Cola
(KO), McGraw Hill (MHP), 3M Company (MMM), PepsiCo (PEP), State Auto Financial
(STFC), Teva Pharmaceuticals (TEVA), and Whirlpool (WHR).
0 Comments::
Post a Comment