AA, BGG, DD, DE, FCX, GPC, INTC, MON, POT, RBC, SFL & TYC
We executed these trades on the 29th and are posting them today.
These trades were driven by what we perceived as value.
Our outlook on the market remains negative.
The cash position had grown and we were compelled to seek out value and put money to work.
You will notice that these stocks are not rock stars but solid fundamental investments.
With the exception of BGG, these stocks are all familiar names.
Rather than post the individual stock analysis page we have put the profile of the actual trade next to the stock name.
As is demonstrated, the sale of the calls have offset the volatility of the market.
Since the trades were executed the market is down 0.28%.
That being said, it is pretty much silly to look at performance over a period of a few days.
These trades are done to be evaluated over the full period to expiration or call of the option.
AA Alcoa Inc - spot $8.50 sold 9/22 $8.00 strike @ 0.55¢ - SSR 0.96% days earning 0.04% - updated 09/05 open $8.42
BGG Briggs & Stratton - spot $17.15 sold 10/20 $17.50 strike @0.60¢ - SSR 3.50% days earning 0.67% - updated 09/05 open $17.45
DD E.I. Du Pont de Nemours - spot $49.80 sold 08/22 $50.00 strike @ 0.73¢ - SSR 2.29% days earning 0.095% - updated 09/05 open $48.79
DE Deere & Company - spot $73.78 sold 09/22 $75.00 strike @ $1.05 - SSR 1.42% days earning 0.059% - updated 09/05 open $74.12
FCX Freeport McMoRan - spot $35.29 sold 10/20 $36.00 strike @ $1.39 - SSR 4.59% days earning 0.088% - updated 09/05 open $35.62
INTC Intel Corporation - spot $24.70 sold 08/22 $25.00 strike @ 0.41¢ - SSR 1.66% days earning 0.069% - updated 09/05 open $24.42
Mon Monsanto Company - spot $86.95 sold 10/20 $87.50 strike @ $2.90 - SSR 3.74% days earning 0.072% - updated 09/05 open $86.62
POT Potash Corporation of Saskatchewan, Inc - spot $40.63 sold 10/10 $40.00 strike @ $1.47 - SSR 3.78% days earning 0.73% - updated 09/05 open $40.64
SFL Ship Finance International - spot $16.13 sold 10/20 $17.50 strike @ 0.10¢ - SSR 2.95% days earning 0.57% - updated 09/05 open $16.90
TYC Tyco International Ltd. - spot $56.02 sold 10/10 $57.50 strike @ $1.25 - SSR 2.73% days earning 0.53% - updated 09/05 open $56.08
Trades that failed to cover due to inability to sell calls:
GPC Genuine Parts - spot $63.39 - updated 09/05 open $61.98
RBC Regal-Beloit Corporation - spot $68.32 - updated 09/05 open $68.44
