1/20/2011 MOS@$73.35 Buy 5 to Open June 2011 65 Calls for $12.35 Sell 4 to Open Feb 2011 80 Calls For $1.30 We are adding MOS to the long term Phoenix Portfolio. There is news that Cargill is splitting it’s 65% stake in MOS. They are doing it for several reasons. There is a […]
Archive for May, 2011
10/28/2010 SPYs@118.65 We have bought 5 of the SPY Jan 2011 114 Puts for $3.10. Our plan worked pretty well with the SPYs trading negative for most of the day and jamming it at the end. These will serve as protection going into next week with a bunch of unpredictable events. We’re planning to buy […]
12/20/2010 NOK@$9.90 Buy 5 Jan 2012 7.5 Calls for $2.79 Sell 5 Jan 2011 10 Calls for $0.29 We’re adding 1/4 positions in both EMC and NOK. Our view is quite similar on both stocks. We’d like to add a larger position but the market has yet to correct as much as we were […]
11/4/2010 EOG@$86.85 Buy 5 April 2011 75 Calls for $15.75. Sell 4 Nov 90 Calls at $1.20. 11/8/2010 EOG@$89.46 Buy 5 more April 2011 75 Calls for $19.50. Sell 4 Nov 95 Calls at $1.11. 11/16/2010 EOG@$90.00 Buy to Close 4 Nov 90 Calls for $1.35. Buy to Close 4 Nov 95 Calls for $0.17. […]
05/09/2011 HAL The stock has close support and all of the oils are turning slightly higher today. We may see a few dollars out of this run. Buy 5 to open July 41 Call for $7.70 Sell 5 to open May 49 Call for $0.75 5/12 10am Buy back HAL@$45.96 short 5 May […]
Fund Summary The fund seeks daily investment results, before fees and expenses, of 300% of the inverse of price performance of the Russell 1000® Financial Services Index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. […]